Vertiv Strikes $1.45B Deal for Microgrid Operator UIG to Power AI Data Centers

Vertiv Holdings agreed to purchase Utility Innovation Group (UIG) for a base enterprise value of $1.45B, targeting a Q4 2026 close. The final payout could reach $2.6B through cash earnouts if the six-year-old microgrid startup hits specific EBITDA targets. The transaction values UIG at roughly 13 times its anticipated 2027 EBITDA and is expected to be accretive to Vertiv's adjusted earnings per share in the first full year. UIG’s existing footprint across the US and Europe provides Vertiv immediate scale in two of the most aggressive data center construction markets. The acquisition allows Vertiv to offer a complete power stack, from the initial facility grid connection down to individual server racks.