Vertiv completes $200 million acquisition of Great Lakes Data Racks

COLUMBUS, Ohio - Vertiv Holdings Co (NYSE:VRT) announced Wednesday it has completed its acquisition of Great Lakes Data Racks & Cabinets for approximately $200 million, expanding its portfolio of rack, cabinet and integration solutions for data center applications.

The acquisition, which was previously announced, brings Great Lakes’ manufacturing capabilities and product line of data rack enclosures and integrated infrastructure solutions under Vertiv’s umbrella of critical digital infrastructure offerings. According to InvestingPro data, Vertiv maintains a healthy financial position with a current ratio of 1.74 and operates with moderate debt levels, suggesting strong capability for strategic acquisitions.

"We are pleased to officially welcome the Great Lakes team to Vertiv and begin innovating new white space solutions," said Gio Albertazzi, Vertiv’s Chief Executive Officer, according to the company’s press release.

Great Lakes, established in 1985 and headquartered in Edinboro, Pennsylvania, operates manufacturing and assembly facilities in the U.S. and Europe. Its product portfolio includes standard and custom racks, integrated cabinets, seismic cabinets, and cable management solutions for both retrofit and greenfield applications.

Vertiv stated that the integration is expected to provide customers with streamlined infrastructure sourcing, faster deployment through pre-engineered solutions, and enhanced operational efficiency through factory integration of Vertiv power and cooling solutions. The company’s strong execution is reflected in its market performance, with a remarkable 68.9% return over the past year. InvestingPro analysis reveals 12 analysts have recently revised their earnings expectations upward, suggesting confidence in the company’s growth strategy.

The acquisition aims to strengthen Vertiv’s capabilities in delivering customized infrastructure solutions for AI and high-density computing environments, according to the company.

Vertiv, headquartered in Westerville, Ohio, provides power, cooling and IT infrastructure solutions and services for data centers and critical facilities across more than 130 countries.

The information in this article is based on a press release statement from Vertiv Holdings Co. For comprehensive analysis and detailed insights about Vertiv’s financial health, growth prospects, and valuation metrics, access the full Pro Research Report available exclusively on InvestingPro.

In other recent news, Vertiv Holdings Co reported impressive second-quarter 2025 results, with earnings per share reaching $0.95, surpassing the forecasted $0.83 by 14.46%. The company’s revenue also exceeded expectations, coming in at $2.64 billion against a forecast of $2.35 billion. Following these results, Mizuho raised its price target for Vertiv to $165, citing strong growth, particularly in the Americas region, where organic growth hit 43% in the second quarter. Oppenheimer also increased its price target to $151, maintaining an Outperform rating due to Vertiv’s better-than-expected performance and positive guidance for the remainder of the year.

In analyst coverage, Rothschild Redburn initiated coverage on Vertiv with a Neutral rating, highlighting the company’s strong position in data center and IT markets. Conversely, GLJ Research initiated coverage with a Sell rating, expressing concerns about the stock’s valuation amidst AI bubble concerns. These varied analyst perspectives reflect differing views on the company’s future performance amid its recent financial achievements.

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