From News Desk
Vertiv Holdings, a provider of digital infrastructure, has announced it has entered into an agreement to acquire Purge Rite Intermediate, a provider of mechanical flushing, purging and filtration services for datacentres and other mission-critical facilities, from Milton Street Capital. The deal is made for approximately USD 1.0 billion in cash consideration at closing plus the potential additional consideration of up to USD 250 million in cash based on achieving certain 2026 performance metrics.
The acquisition, at approximately USD 1.0 billion purchase price, represents approximately 10.0x expected 2026 earnings before interest, taxes, depreciation and amortisation (EBITDA) including expected cost synergies. The expected EBITDA multiple is anticipated to be lower than 10.0x if the earn-out is paid. The acquisition is anticipated to be margin accretive to Vertiv’s Services business which operates above corporate average margins. PurgeRite is expected to enhance Vertiv’s thermal management services capabilities and strengthen its position as a global leader in next-generation thermal chain services for liquid cooling systems, including those that support AI datacentres.
As high-performance computing (HPC) and the AI factories of the future drive higher heat densities that demand liquid cooling technology, it is crucial to deploy and maintain clean fluid loops to maximise cooling performance. Achieving this starts with optimal flow at commissioning by establishing ultra-clean, air-free, chemically stable coolant and preserving that balance to maintain performance throughout the system’s lifecycle. Effective fluid management — including high-velocity fluid loop flushing to remove debris, purging to remove air and gas; and filling with clean fluid — is an essential service that enables high-density datacentre operations by creating the conditions for greater thermal efficiency, operational resiliency and datacentre uptime.
“This acquisition represents a strategic expansion of Vertiv’s fluid management capabilities, from design through maintenance,” said Gio Albertazzi, CEO at Vertiv. “PurgeRite’s specialised services and engineering expertise are expected to complement our existing portfolio and strengthen our ability to support high-density computing and AI applications where efficient thermal management is critical to performance and reliability. This transaction aligns with our priority of deploying capital towards strategic acquisitions that strengthen and expand our leadership across the critical digital infrastructure ecosystem.”
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