Vertiv to Acquire PurgeRite for Up to $1.25B, Expanding Data Center Capabilities
Vertiv Holdings Co, a global leader in critical digital infrastructure solutions, has agreed to acquire Purge Rite Intermediate, LLC—a provider of mechanical flushing, purging, and filtration services for data centers and other mission-critical environments—from Milton Street Capital LLC for $1 billion in cash at closing, with an additional earn-out of up to $250 million tied to 2026 performance.
The transaction values PurgeRite at approximately 10.0x expected 2026 EBITDA including cost synergies, with the effective multiple anticipated to be lower if the full earn-out is achieved. The acquisition strengthens Vertiv’s position across the full lifecycle of fluid and thermal management, enhancing service offerings amid accelerating power and cooling demands driven by AI and high-density computing.
“This acquisition represents a strategic expansion of Vertiv’s fluid management capabilities, from design through maintenance,” said Gio Albertazzi, CEO of Vertiv. “PurgeRite’s specialized services and engineering excellence 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.”
Headquartered in Houston, Texas, PurgeRite plans to expand its service center network across North America to meet rising customer demand. The transaction is expected to close in the fourth quarter of 2025.
Stifel is acting as sole financial advisor to Vertiv, and Buchanan, Ingersoll & Rooney PC provided legal counsel. Harris Williams is acting as financial advisor to PurgeRite and DLA Piper LLP (US) provided legal counsel.
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