Platinum Equity backs Vertiv as platform with first add-on under Vertiv banner

A Platinum Equity partner framed the Energy Labs deal as the first acquisition under the Vertiv banner and as an additive move to accelerate the PE-owned company's growth, signaling a buy-and-build strategy for its portfolio platform Vertiv.

““This is the first acquisition under the Vertiv banner, and it is exactly the kind of additive move we feel can accelerate the company’s growth,” said Jacob Kotzubei, partner at Platinum Equity, which is the parent company for Vertiv.”

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