Vertiv Announces Intent to Acquire PurgeRite, a Leading Provider of Specialized Fluid Management Services, to Expand Liquid Cooling Services Portfolio

$1.0 Billion planned acquisition expected to strengthen Vertiv’s leadership in next-generation thermal chain services for high-density and AI-driven environments

Vertiv Holdings Co, a global leader in critical digital infrastructure, announced it has entered into an agreement to acquire Purge Rite Intermediate, LLC, (“PurgeRite”) a leading provider of mechanical flushing, purging and filtration services for data centers and other mission-critical facilities, from Milton Street Capital LLC for approximately $1.0 billion in cash consideration at closing plus the potential additional consideration of up to $250 million in cash based on achieving certain 2026 performance metrics.

The acquisition, at approximately $1.0 billion purchase price, represents approximately 10.0x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) including expected cost synergies. The expected EBITDA multiple is anticipated to be lower than 10.0x if the earn-out is paid. The acquisition is anticipated to be margin accretive to Vertiv ...