nVent completes $1.75B Maverick Power acquisition

nVent Electric plc said on October 1, 2026 that it has completed its previously announced acquisition of Maverick Power for a purchase price of $1.75 billion, subject to customary adjustments, with potential additional cash consideration of up to $550 million tied to 2027 and 2028 performance metrics.

nVent Electric finished buying Maverick Power on October 1, 2026 — a sealed CLOSE, not an agreement announcement.

$1.75 billion purchase price CLOSE

On October 1, 2026, nVent Electric plc (NYSE: NVT) said it has completed the previously announced intention to acquire Maverick Power for a purchase price of $1.75 billion, subject to customary adjustments. The GlobeNewswire Completes release, timed 07:45 ET from London, is the sealed close for an acquisition path that earlier disclosures still treated as pending.

The transaction also includes potential additional consideration of up to $550 million in cash based on achieving certain performance metrics in 2027 and 2028. That earnout is contingent; it is not stated as cash paid at closing.

What Maverick adds

Maverick Power manufactures engineered power distribution and infrastructure solutions for data centers. It is headquartered in McKinney, Texas, and has approximately 900 employees in Texas and Arizona.

nVent Chair and CEO Beth Wozniak said Maverick adds a power distribution platform that complements nVent's current data center offerings and expands offerings for new power architectures and system-level solutions and services for data centers.

Financing context (not the Completes 8-K)

A separate Form 8-K AccNo 0001104659-26-111938 (Items 2.03, 8.01, and 9.01), filed September 29, 2026, reports that nVent Electric plc, Hoffman Schroff Holdings, Inc., and nVent Finance S.à r.l. completed a public offering of $800 million aggregate principal amount of Hoffman Schroff's 6.150% Senior Notes due 2036. That filing is financing context around the Maverick path. As of this cycle's EDGAR tip read, it is not an October 1 Item 2.01 completion 8-K for the Maverick close.

Why the close matters

A Completes release on October 1 turns the pending Maverick acquisition into a sealed $1.75 billion purchase-price close, with up to $550 million of additional contingent cash tied to 2027 and 2028 performance, and brings a data-center power-distribution platform into nVent's electrical connection and protection portfolio.

Sources & evidence

- nVent Completes Acquisition of Maverick Power (GlobeNewswire; Oct 1, 2026 07:45 ET) — https://www.globenewswire.com/news-release/2026/10/01/3372790/0/en/nvent-completes-acquisition-of-maverick-power.html - nVent Electric plc Form 8-K AccNo 0001104659-26-111938 (Items 2.03/8.01/9.01; Sep 29 notes offering — supporting financing only) — https://www.sec.gov/Archives/edgar/data/1720635/000110465926111938/tm2626249d1_8k.htm