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Â鶹ֱ²¥ & Lardner LLP represented nVent Electric plc (nVent), a global leader in electrical connection and protection solutions, in its definitive agreement to acquire Maverick Power for $1.75 billion, subject to customary adjustments. The transaction also includes the potential for up to $550 million in additional consideration based on the achievement of certain performance metrics in 2027 and 2028.
Maverick Power is a leading North American provider of engineered power distribution and infrastructure solutions for data centers. Headquartered in McKinney, Texas, the company manufactures low-voltage and medium-voltage switchgear, integrated modular solutions, and related services. The acquisition strengthens nVent’s position in the high-growth infrastructure market, particularly data centers, by adding a power distribution platform that complements its existing offerings and expands its capabilities in new power architectures and system-level solutions and services.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including regulatory approval.
Â鶹ֱ²¥â€™s transactions team was led by partner John Wilson and included associates Bryn Allen, Tallie Fote, and Seap Bhardwaj. Additional subject matter support was provided by partners Gregory Neppl (Antitrust & Competition), Louis Wahl (Finance), Amy Ciepluch (Employee Benefits & Executive Compensation), Amanda Beggs (Environmental), John Litchfield (Labor & Employment), Candace Flatley (Real Estate), and Timothy Voightman (Tax), of counsel John Turlais (International Trade).
