Vertiv (VRT) announced an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies for $200 million.
The purchase price represents approximately 11.5 times the expected 2026 EBITDA, including cost synergies and cross-selling opportunities, for Vertiv.
The transaction is anticipated to close in the third quarter of 2025. This acquisition is set to enhance Vertiv’s capacity to deliver pre-engineered, future AI-ready rack solutions optimized for enterprise, edge, colocation, and hyperscale AI computing markets.
Great Lakes is a leading rack manufacturer with an extensive portfolio of high-end rack solutions and innovation capabilities essential in an increasingly demanding high-density AI infrastructure environment, said Gio Albertazzi, CEO at Vertiv.