Vertiv Acquires Great Lakes Data Racks & Cabinets for About $200 Million

Oak Electric Acquires Great Lakes Electric; Northstar Capital Provides Financing to ShoreView-Backed Oak Electric

March 24, 2025

Electrical Services

Oak Electric, a ShoreView Industries portfolio company, has acquired Great Lakes Electric (headquartered in Milan, Ohio) in an add-on transaction. Northstar Capital provided junior debt and an equity co-investment to help ShoreView finance the add-on, which expands Oak Electric's geography and service offerings; terms were not disclosed.

nVent Electric Acquires CIS Global from Guardian Capital Partners for ~$200M

June 9, 2021

Manufacturing

nVent Electric plc has acquired CIS Global LLC, a provider of intelligent rack power distribution units and server rack slides, for approximately $200 million in cash. The acquisition strengthens nVent's data center power and thermal management capabilities and expands its global manufacturing footprint; CIS Global is headquartered in Tucson, Arizona and employs about 850 people worldwide.

SpartanNash Acquires Great Lakes Foods

January 5, 2023

Food & Beverage

SpartanNash has acquired Great Lakes Foods, including its 300,000-square-foot distribution center in Menominee, Michigan. The facility, which serves roughly 100 independent grocery customers and employs 125 associates, will be integrated into SpartanNash's supply chain to expand geographic reach and enhance service offerings.

Vertiv Acquires ThermoKey S.p.A. to Expand Heat Rejection and Cooling Technologies for AI Data Centers

March 23, 2026

IT Services

Vertiv (NYSE: VRT) entered into an agreement to acquire ThermoKey S.p.A., a provider of heat-rejection and heat-exchange technologies used in data center cooling. The acquisition is expected to expand Vertiv’s thermal management portfolio and manufacturing footprint—particularly in EMEA—and strengthen end-to-end thermal solutions for AI factories and high-density data centers.

Clayton, Dubilier & Rice Acquires Veritiv Corporation

August 7, 2023

Packaging

An affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) has completed the acquisition of Veritiv Corporation for $170.00 per share, valuing the company at approximately $2.6 billion. Veritiv, a leading North American distributor of packaging, JanSan/hygiene and print products headquartered in Atlanta, will become a privately held company under CD&R to pursue accelerated organic and inorganic growth and operational improvements.

Cohesity Acquires Veritas' Data Protection Business to Form $7B Company

February 8, 2024

Cybersecurity

Cohesity has combined with Veritas Technologies' enterprise data protection business to create a combined data-protection leader valued at roughly $7 billion. The transaction—funded by a Series H led by Haveli Investments with participation from multiple existing and new investors—scales Cohesity's AI-powered data security and management portfolio, expands workload support (including Veritas NetBackup and appliances), and positions Sanjay Poonen to lead the combined company.