Vertiv to Buy Microgrid Firm UIG for $1.45B Cash
Columbus, Ohio – October 12, 2026 -- Vertiv Holdings Co. has agreed to acquire microgrid specialist Utility Innovation Holdings, operating as UtilityInnovation Group (UIG), for about $1.45 billion in cash at closing, plus up to $1.15 billion in additional cash tied to EBITDA targets over 12- and 24-month periods.
Vertiv's wholly-owned subsidiary, Vertiv Corporation, signed the merger agreement. If the full earnout is paid, total consideration could reach $2.6 billion.
Vertiv prices UIG at about 13x expected 2027 EBITDA
At the $1.45 billion upfront price, the deal values UIG at roughly 13x its expected 2027 EBITDA. Vertiv expects that multiple to be significantly lower if the full earnout is paid. The company expects the acquisition to be accretive to adjusted earnings per share in the first year after completion.