nVent to Acquire Maverick Power in $1.75 Billion Infrastructure Bet

Electrical connection and protection specialist nVent Electric has reached an agreement to buy Maverick Power for $1.75 billion in cash, positioning itself deeper into the rapidly expanding supply chain for artificial intelligence infrastructure.

The transaction includes up to $550 million in additional performance-linked contingent payouts, potentially bringing the total consideration to $2.3 billion.

Headquartered in McKinney, Texas, Maverick Power designs and manufactures engineered power distribution equipment, specializing in switchgear, switchboards, and integrated modular power systems. The firm is on track to generate roughly $700 million in revenue during the current fiscal year.

Powering the Compute Boom

Minnesota-based nVent aims to integrate Maverick’s specialized catalog directly into its broader data center portfolio. According to nVent Chief Executive Beth Wozniak, the acquisition is designed to expand the group's capacity to supply high-density facility operators who are rushing to modernize their electrical architecture.

The acquisition reflects a broader structural shift in AI-driven capital expenditure. While high-performance silicon and cooling technologies frequently capture market attention, standard and custom power-distribution hardware has emerged as a significant operational bottleneck for hyperscalers racing to bring multi-gigawatt computing clusters online.

As data center power densities continue to escalate, industrial equipment makers with existing manufacturing footprints and modular delivery capabilities are securing premium valuations from diversified electrical conglomerates looking to safeguard market share.