Vertiv completes $200mln acquisition of Great Lakes Data Racks & Cabinets.

Vertiv Holdings Co. has completed its acquisition of Great Lakes Data Racks & Cabinets, a leading manufacturer of data rack enclosures and integrated infrastructure solutions. The $200 million acquisition expands Vertiv's rack, cabinet, and integration solutions for white space applications, strengthening its leadership position in the market. The Great Lakes team will join Vertiv and contribute to the development of new white space solutions.

Vertiv Holdings Co. (NYSE: VRT), a global provider of critical digital infrastructure, has completed its acquisition of Great Lakes Data Racks & Cabinets, a leading manufacturer of innovative data rack enclosures and integrated infrastructure solutions. The $200 million acquisition expands Vertiv's rack, cabinet, and integration solutions for white space applications, further cementing its leadership position in the market [1].

The acquisition was announced on August 20, 2025, and includes Great Lakes' portfolio of standard and custom racks, integrated cabinets, seismic cabinets, and enhanced cable management access options for both retrofit and greenfield applications. This addition will significantly enhance Vertiv's end-to-end critical digital infrastructure offerings, enabling the company to provide a more comprehensive set of products and services to meet the growing demands of data centers and critical digital environments [1].

Gio Albertazzi, CEO of Vertiv, expressed his enthusiasm for the acquisition, stating, "We are pleased to officially welcome the Great Lakes team to Vertiv and begin innovating new white space solutions. Great Lakes brings exceptional talent and capabilities that will enhance our ability to deliver comprehensive infrastructure solutions, furthering Vertiv's capabilities to customize at scale and configure at speed for AI and high-density computing environments" [1].

The integration of Great Lakes' expertise with Vertiv's existing portfolio is expected to deliver several customer benefits, including streamlined infrastructure sourcing, faster deployment through pre-engineered solutions, enhanced operational efficiency with factory integration of Vertiv™ power and cooling solutions, improved scalability for AI and edge computing applications, and comprehensive support through Vertiv's global service network [1].

Established in 1985 and headquartered in Edinboro, PA, U.S., Great Lakes operates manufacturing and assembly facilities in the U.S. and Europe. This acquisition strengthens Vertiv's position in the market and aligns with its strategic goal of providing the most complete set of products and services for critical digital infrastructure needs [1].

Vertiv's recent earnings report, released on July 30, 2025, showed strong performance with earnings per share (EPS) of $0.95, topping analyst expectations of $0.83. The company reported revenue of $2.64 billion for the quarter, marking a 35.1% year-over-year increase. Vertiv also increased its dividend from $0.01 to $0.0375 per share, representing a yield of 14.0% [2].

The acquisition of Great Lakes Data Racks & Cabinets is expected to provide significant synergies and growth opportunities for Vertiv. The company is well-positioned to capitalize on the growing demand for AI and high-density computing solutions, further solidifying its market leadership [1].

References:
[1] https://www.prnewswire.com/news-releases/vertiv-completes-acquisition-of-great-lakes-data-racks--cabinets-302535028.html
[2] https://www.marketbeat.com/instant-alerts/filing-hite-hedge-asset-management-llc-buys-shares-of-60508-vertiv-holdings-co-vrt-2025-08-19/