nVent Expands Data Center Capabilities With $1.75B Acquisition
nVent, based in St. Louis Park, MN, is acquiring Texas-based Maverick Power for $1.75 billion to expand its data center capabilities, particularly in power distribution. This strategic acquisition is part of nVent's broader growth in the data center sector, which also includes a new manufacturing facility in Blaine, MN, for liquid cooling products. The deal is subject to regulatory review and is expected to close in the fourth quarter of 2026.
nVent, an electrical connection and protection products company with management offices in St. Louis Park, Minnesota, announced its acquisition of Texas-based Maverick Power for $1.75 billion. The deal, funded by new debt and available cash, aims to significantly expand nVent's capabilities within the rapidly growing data center sector by integrating Maverick Power's expertise in power distribution and infrastructure solutions. Beth Wozniak, nVent chair and CEO, stated that Maverick Power's offerings, including low-voltage and medium-voltage switchgear, are a strong fit for nVent's strategy to focus on high-growth infrastructure.
The acquisition comes after nVent raised its full-year 2026 sales growth projection and is part of a broader expansion strategy. In the second quarter of 2026, nVent also announced plans to add a 160,000-square-foot manufacturing facility in Blaine, Minnesota. This new facility, expected to employ over 200 people and begin production in the first half of 2027, will focus on producing liquid cooling products specifically for data centers.
Tom Currier, Maverick Power's president and CEO, described the acquisition as a "significant milestone," highlighting the complementary strategies and customer-first approach of both companies. Maverick Power, headquartered in McKinney, Texas, employs about 900 people across Texas and Arizona and is estimated to generate $700 million in revenue by 2026. The transaction is currently subject to regulatory review and is anticipated to finalize in the fourth quarter of 2026.