Vertiv Holdings Co (NYSE: VRT) has announced its intention to acquire Purgerite, a leading provider of specialized fluid management services, for approximately $1.0 billion in cash consideration at closing. The acquisition, at an approximately $1.0 billion purchase price, represents approximately 10.0x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) including expected cost synergies. It is anticipated to be margin accretive to Vertiv’s services business which operates above corporate average margins.
The acquisition of Purgerite is expected to strengthen Vertiv’s leadership in next-generation thermal chain services for liquid cooling systems, particularly those that support AI data centers. As high-performance computing (HPC) and the AI factories of the future drive higher heat densities that demand liquid cooling technology, it is crucial to deploy and maintain clean fluid loops to maximize cooling performance.
Purgerite brings engineering expertise, proprietary technologies, and the ability to scale to meet the needs of challenging data center schedules, enabling complex liquid cooling applications across the thermal chain from chillers to coolant distribution units (CDUs). Purgerite has established itself as an industry leader in mechanical flushing, purging, and filtration for mission-critical data center applications.
Gio Albertazzi, CEO at Vertiv, stated, “This acquisition represents a strategic expansion of Vertiv’s fluid management capabilities, from design through maintenance. Purgerite’s specialized services and engineering excellence are expected to complement our existing portfolio and strengthen our ability to support high-density computing and AI applications where efficient thermal management is critical to performance and reliability.”
Following the close of the transaction, Purgerite’s services will join forces with Vertiv’s existing liquid cooling services offerings to deliver end-to-end thermal management solutions from facility to room and row to rack. The acquisition is anticipated to deliver significant customer benefits, including enhanced system performance, reduced risk of downtime, and expanded service scale supporting global operations with consistent quality.
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close in the fourth quarter of 2025.
Stifel is acting as the sole financial advisor to Vertiv, and Buchanan, Ingersoll & Rooney PC provided legal counsel. Harris Williams is acting as financial advisor to Purgerite, and DLA Piper LLP (US) provided legal counsel. Today the company's shares have moved -0.46% to a price of $192.86. For the full picture, make sure to review Vertiv's 8-K report.
