Vertiv to Acquire UtilityInnovation Group
September 4, 2026
Vertiv agreed to acquire Utility Innovation Holdings, which operates as UtilityInnovation Group (UIG), for approximately $1.45 billion in cash at closing, with up to $1.15 billion in additional cash consideration tied to post-transaction EBITDA targets. The acquisition will add microgrid controls, onsite generation and energy-storage orchestration, and behind-the-meter power architecture to Vertiv’s data center infrastructure portfolio; closing is expected in the fourth quarter of 2026, subject to regulatory approvals and customary conditions.
Explore More
Related Acquisitions
-
H.I.G. Capital Affiliate Acquires Inventus Power
April 15, 2026
Industrial Services
H.I.G. Capital, through one of its affiliates, completed the acquisition of Inventus Power, a global provider of advanced lithium-ion battery and power systems. Inventus Power is headquartered in Woodridge, Illinois, and designs and manufactures customized battery solutions and power systems for OEMs serving military/aerospace, medical, industrial/fleet, and consumer end markets.
-
ITG Communications Acquires Advantage Utilities LLC
November 4, 2025
Telecommunications
ITG Communications, a national provider of fulfillment, construction, and project management services to the cable, telecommunications, and utility industries, has acquired Advantage Utilities LLC, a New Hampshire–based fiber construction and maintenance company. The acquisition brings Advantage's ~85 W-2 employees and large subcontractor network into ITG, expanding ITG's Northeast footprint and customer partnerships across New England and the Mid-Atlantic.
-
NOVA Infrastructure Acquires ~70% of UGE International
May 28, 2024
Renewable Energy
NOVA Infrastructure has completed the acquisition of approximately 70% of the common shares of UGE International Ltd., a community solar and battery storage developer and operator. NOVA will partner with UGE's management and provide acquisition and growth capital to scale the company's community solar and battery storage platform across the U.S.
-
E Source Acquires Utilligent
September 18, 2023
Consulting
E Source, a utility market intelligence and solution services platform backed by Align Capital Partners, has acquired Utilligent, an operations and technology management consulting firm serving electric, gas, and water utilities. The add-on expands E Source's capabilities in smart infrastructure, data transformation, program execution, and customer engagement, and increases E Source's headcount by roughly 30%.
-
Vertiv Acquires E&I Engineering Ireland Limited and Powerbar Gulf LLC
November 1, 2021
IT Services
Vertiv completed its previously announced acquisition of E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (together, “E&I”) for approximately $1.8 billion in upfront consideration plus up to $200 million in additional cash based on 2022 profit milestones. E&I is a global provider of electrical switchgear and power distribution solutions used in critical data center power infrastructure.
-
Marvell Technology Acquires Innovium for $1.1 Billion
August 4, 2021
IT Services
Marvell Technology, Inc. agreed to acquire Innovium in an all-stock transaction valued at $1.1 billion. The deal is expected to close by the end of calendar 2021, subject to customary approvals and regulatory conditions.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.