Vertiv, a global provider of critical digital infrastructure, has announced its agreement to acquire the Great Lakes Data Racks & Cabinets family of companies for $200 million. This acquisition represents approximately 11.5x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) including cost synergies and cross-selling opportunities.
Great Lakes, established in 1985 and headquartered in Edinboro, PA, U.S., operates manufacturing and assembly facilities in the U.S. and Europe. The company is known for designing and manufacturing innovative, highly customized data rack enclosures and other integrated infrastructure offerings for data centers.
Vertiv's CEO, Gio Albertazzi, highlighted that the acquisition of Great Lakes strengthens the company's position as a premier technology solutions provider in the critical white space market. He emphasized that the combined capabilities of Vertiv and Great Lakes enable them to deliver comprehensive, engineered infrastructure solutions that address the complex challenges of next-generation AI technology.
The integration of Great Lakes' expertise with Vertiv's existing portfolio is expected to deliver significant customer benefits, including consolidated infrastructure sourcing, faster deployment through pre-engineered solutions, enhanced operational efficiency with factory integration of Vertiv™ power and cooling solutions, improved scalability for AI and edge computing applications, and comprehensive support through Vertiv's global service network.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the third quarter of 2025. Following these announcements, the company's shares moved 4.87%, and are now trading at a price of $131.51. For the full picture, make sure to review Vertiv's 8-K report.
