Vertiv to acquire E&I Engineering Group for ~$1.8 billion

Vertiv Holdings entered a definitive agreement to acquire E&I Engineering Ireland and affiliate Powerbar Gulf for approximately $1.8 billion upfront plus up to $200 million earnout, expanding its data-center power infrastructure portfolio. A large data-center/electrical infrastructure deal, not a home-services trades roll-up.

“Vertiv Holdings Co., a global provider of critical digital infrastructure and continuity solutions, has entered into a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate Powerbar Gulf LLC for approximately $1.8 billion in upfront consideration plus the potential for up to $200 million in cash, based on achieving certain 2022 profit milestones.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.