Vertiv to acquire Great Lakes Data Racks & Cabinets for $200 million

COLUMBUS, Ohio - Vertiv (NYSE:VRT), a provider of critical digital infrastructure, announced Thursday it has entered into an agreement to acquire Great Lakes Data Racks & Cabinets for $200 million.

The acquisition is expected to close in the third quarter of 2025, subject to regulatory approvals including those under the Hart-Scott-Rodino Antitrust Improvements Act.

Great Lakes, established in 1985 and headquartered in Edinboro, Pennsylvania, manufactures data rack enclosures and integrated infrastructure products with facilities in the U.S. and Europe.

The purchase price represents approximately 11.5 times Great Lakes’ expected 2026 earnings before interest, taxes, depreciation, and amortization, including cost synergies and cross-selling opportunities, according to the company’s press release. InvestingPro analysis reveals that Vertiv currently trades at an EV/EBITDA multiple of 28.21x, with 16 additional key insights available to subscribers through the comprehensive Pro Research Report.

"Great Lakes is a leading rack manufacturer with an extensive portfolio of high-end rack solutions and innovation capabilities that are essential in an increasingly demanding high-density AI infrastructure environment," said Gio Albertazzi, CEO at Vertiv.

The integration aims to expand Vertiv’s offerings in pre-engineered rack solutions for enterprise, edge, colocation and hyperscale AI computing markets. Great Lakes’ product line includes standard and custom racks, integrated cabinets, seismic cabinets, and cable management solutions.

Vertiv stated the combined capabilities will allow customers to consolidate infrastructure sourcing and potentially achieve faster deployment through pre-engineered solutions.

The transaction represents Vertiv’s strategic move to strengthen its position in the critical digital infrastructure market as demand grows for high-density computing solutions. With seven analysts recently revising earnings estimates upward and a robust revenue base of $8.4 billion, Vertiv continues to demonstrate strong market momentum. For detailed analysis of Vertiv’s growth trajectory and peer comparison, visit InvestingPro.

In other recent news, Vertiv Holdings Co. reported several significant developments. Melius Research upgraded Vertiv’s stock to Buy, citing accelerating artificial intelligence spending and a reduced risk in capital expenditures as key reasons for the upgrade. The firm increased its price target to $165. Meanwhile, Citi also raised its price target for Vertiv to $130, highlighting the company’s strong position in the growing data center market and its strategy to overcome tariff challenges by 2025. Wolfe Research maintained its Outperform rating and emphasized that the adoption of proprietary designs by Amazon Web Services is a routine development, suggesting a positive outlook for liquid cooling technologies.

Additionally, Vertiv unveiled a new cooling and power design for the NVIDIA AI platform, which promises significant improvements in energy efficiency and performance. This new architecture is part of Vertiv’s 360AI infrastructure platform and includes advanced simulation tools for infrastructure configuration. In leadership news, Vertiv announced the appointment of Mike Giresi as the new global Chief Information Officer, effective June 30, 2025. Giresi is expected to lead initiatives in AI adoption, cybersecurity, and digital productivity. These recent developments reflect Vertiv’s strategic positioning in the evolving technology landscape.

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