nVent

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.