$200M Deal: Vertiv Expands Data Center Portfolio with Great Lakes Acquisition

Vertiv , a planetary supplier of captious integer infrastructure, has announced it has entered into an statement to get the Great Lakes Data Racks & Cabinets household of companies (collectively “Great Lakes”)  for $200 million. Great Lakes is recognized for designing and manufacturing innovative, highly customized information rack enclosures and different integrated infrastructure offerings that signifier the instauration of today’s information centers.

The acquisition terms represents astir 11.5x expected 2026 net earlier interest, taxes, depreciation, and amortization (EBITDA) including outgo synergies and cross-selling opportunities. The acquisition is expected to heighten Vertiv’s capableness to present pre-engineered, aboriginal AI-ready rack solutions optimized for enterprise, edge, colocation and hyperscale AI computing markets.

Established successful 1985 and headquartered successful Edinboro, PA, U.S., Great Lakes operates manufacturing and assembly facilities successful the U.S. and Europe. Its portfolio includes modular and customized racks, integrated cabinets, seismic cabinets, and enhanced cablegram absorption entree options for some retrofit and greenfield applications. This summation strengthens Vertiv’s end-to-end captious integer infrastructure offerings, enhancing Vertiv’s quality to supply the industry’s astir implicit acceptable of products and services for captious integer infrastructure needs.

“Great Lakes is simply a starring rack shaper with an extended portfolio of high-end rack solutions and innovation capabilities that are indispensable successful an progressively demanding high-density AI infrastructure environment. With the acquisition of Great Lakes, Vertiv strengthens its presumption arsenic a premier exertion solutions supplier successful the captious achromatic abstraction market. Our combined capabilities alteration america to present comprehensive, engineered infrastructure solutions that spell beyond basal integration, addressing the analyzable challenges of next-generation AI technology.”

–Gio Albertazzi, CEO, Vertiv.

The integration of Great Lakes’ expertise with Vertiv’s existing portfolio is expected to present important lawsuit benefits done consolidated infrastructure sourcing, faster deployment done pre-engineered solutions, enhanced operational ratio with mill integration of Vertiv™ powerfulness and cooling solutions, improved scalability for AI and borderline computing applications, and broad enactment done Vertiv’s planetary work network.

The transaction is taxable to customary closing conditions, including the receipt of regulatory approvals nether the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to adjacent successful the 3rd 4th 2025.