nVent Completes $1.75B Acquisition of Texas-Based Maverick Power
The acquisition connects North Texas electrical manufacturing with nVent’s power and cooling portfolio, putting factory capacity, delivery and integration at the center of the next growth phase.
nVent completed its acquisition of Maverick Power on October 1, bringing a fast-expanding North Texas electrical-equipment manufacturer into its data-center infrastructure business. The transaction carries a $1.75 billion purchase price, subject to customary adjustments.
Another $550 million in cash could become payable if Maverick meets performance targets in 2027 and 2028. That would take potential consideration to $2.3 billion, but the additional payment is conditional and should not be treated as money already paid.
For Texas, the significance reaches beyond the change in ownership. Maverick is expanding the factories and engineering operations that supply the electrical systems behind data-center construction. The deal links that manufacturing base to a wider power-and-cooling business at a point when the coordination of those systems is becoming central to project delivery.
Project at a Glance
- Purchase price:
- $1.75 billion, subject to adjustments
- Conditional additional payment:
- Up to $550 million tied to 2027–28 performance
- Headquarters:
- McKinney
- Employees:
- Approximately 900 across Texas and Arizona
Why nVent wants more of the electrical system
nVent already supplies data centers with liquid cooling, racks, electrical connections, grounding and cable-management products. Maverick adds engineered equipment that distributes power through the facility, extending the range of systems the combined company can offer to a developer or operator.
The strategic fit is visible in nVent’s earlier product development. At the November 2025 SC25 event, it announced additional cooling distribution units, manifolds and intelligent power distribution products, alongside work with Siemens on a combined power-and-cooling reference architecture for AI facilities.
TCH’s assessment is that the acquisition gives nVent a stronger position in discussions that begin before equipment is ordered. A supplier involved in both power distribution and cooling can participate in more of the decisions that determine a data hall’s layout, capacity and installation sequence. The commercial opportunity is broader system supply, although each project still needs an engineered design and an agreed division of responsibility.
The price puts future growth at the center of the deal
In its August announcement, nVent estimated Maverick’s 2026 revenue at approximately $700 million and described a substantial backlog without publishing its value. It put the base purchase price at roughly 11.5 times anticipated 2026 adjusted earnings before interest, tax, depreciation and amortization, or about 10.5 times after accounting for the present value of expected tax benefits. These are management’s forward-looking valuation measures, not audited full-year results.
The structure also leaves a meaningful portion of the possible price dependent on later performance. The additional consideration is tied to metrics in 2027 and 2028, so the acquisition’s ultimate cost will partly depend on what the business delivers after closing.
For construction readers, the more useful question is how those growth expectations translate into dependable equipment supply. Revenue growth can reflect increased production, product mix or pricing; it does not by itself establish shorter delivery times. Evidence of completed capacity additions and reliable shipments will matter more to project schedules than the headline valuation.
A manufacturing expansion already underway in North Texas
Maverick’s May 5 announcement described two additional facilities in the Garland and Dallas areas, adding more than one million square feet of manufacturing capacity. It also projected 2,000 new jobs across engineering, manufacturing and operations. That was an expansion forecast, separate from the approximately 900 employees reported by nVent at the acquisition’s completion.
The production plan covers individual electrical products as well as larger assemblies such as skids and ePods. These are packages in which multiple pieces of equipment are brought together before delivery, giving the manufacturing expansion a direct connection to how infrastructure is assembled for construction projects.
The distinction between employment already in place and hiring still anticipated is important locally. The transaction brings an expanding regional manufacturing operation under new ownership, but the announcement does not establish that all projected positions have been filled or create a separate, newly announced factory construction award.
Where the Texas footprint stands
Maverick’s locations directory advertises approximately 1.5 million square feet of scalable manufacturing capacity across its network. It lists headquarters and manufacturing in McKinney, manufacturing and support functions in Plano, two manufacturing locations in Garland, and a Dallas design-and-manufacturing location on Sanden Drive.
The Dallas entry is marked “opening soon.” The network also includes research-and-development and manufacturing operations in Phoenix. The advertised floor area should therefore be read as a statement of the company’s scalable footprint, rather than proof that every location is operating at full output.
For North Texas, the value of this footprint extends beyond a single building. Engineering, production and support functions are distributed across several cities. TCH’s assessment is that this creates several points of demand for industrial labor and supporting services, while leaving the actual timing of further property work dependent on site-specific announcements.
What the equipment does inside a data center
Maverick’s range includes medium- and low-voltage switchgear, switchboards, power distribution units, remote power panels and transfer switches. These perform different jobs within the electrical system: switching and protecting circuits, distributing power to downstream equipment, and supporting changes between electrical supply sources.
Its medium-voltage product material describes modular, customizable systems, including arrangements using multiple power sources. It identifies applications including data centers, healthcare facilities and manufacturing plants. This is engineered infrastructure whose configuration depends on the installation, rather than a single standard product that can be substituted into every project.
For a project team, equipment dimensions, connection points and operating requirements influence the spaces and services designed around it. The manufacturing order is therefore connected to design decisions made much earlier. Changing an electrical package can affect more than its purchase price; it can require the surrounding design and installation plan to be reviewed.
Factory integration changes the construction sequence
Maverick’s August discussion of project delivery emphasizes early design coordination, accurate material requirements and visibility into components with long procurement periods. The company argues that problems which become visible during manufacturing often begin with unresolved scope or engineering decisions upstream.
That provides a useful way to assess the acquisition’s construction significance. In TCH’s analysis, a larger integrated supplier could reduce the number of separate equipment interfaces a customer must manage. The potential benefit depends on having responsibilities, design information and testing requirements settled early.
Factory assembly can move some integration work away from the job site, but it does not eliminate installation or commissioning. A delivered package still has to fit the site, connect to its services and demonstrate that it works with the wider system. Project teams should distinguish equipment leaving the factory from an electrical installation being ready to energize.
What developers and contractors should watch
The immediate indicators are practical: the Dallas facility’s operating status, progress against the expansion hiring plan, and whether additional production capacity becomes available for confirmed customer orders. None can be inferred simply from the acquisition closing.
Procurement teams also have reason to watch how the companies combine their commercial and service arrangements. A broader product offering may create opportunities to coordinate power and cooling purchases, but project specifications, warranties, testing responsibilities and delivery commitments still need to be clear. The reviewed announcements do not establish a universal delivery-time improvement or a change to existing customer contracts.
The remaining uncertainty is execution. TCH’s assessment is that successful integration would mean preserving technical knowledge and customer support while expanding output. The strongest evidence will be operational milestones and fulfilled commitments, rather than the size of the corporate transaction alone.
A Texas supply-chain story with national reach
The acquisition places a North Texas manufacturer inside a business seeking a larger role in the infrastructure supporting AI and cloud computing. It illustrates how the state’s data-center economy includes factories producing electrical systems as well as campuses consuming them.
For TCH readers, that is the lasting significance of the deal: investment in the manufacturing capacity behind construction. The next stage of coverage will follow the facilities, workforce and delivery performance that determine whether that investment produces usable capacity for projects.