nVent acquires Maverick Power

Aug 24 2026 nVent announced a definitive agreement to acquire Maverick Power for $1.75 billion (subject to customary adjustments), plus potential additional cash consideration of up to $550 million based on 2027-2028 performance metrics. Oct 1 2026 nVent GlobeNewswire: transaction completed. Maverick (McKinney, Texas; ~900 employees) manufactures engineered power distribution and infrastructure solutions for data centers. Deal expands nVent's data-center power portfolio alongside existing electrical connection and protection brands.