Vertiv Strengthens Position in Critical Digital Infrastructure with Great Lakes Acquisition

Vertiv Holdings Co completed the acquisition of Great Lakes Data Racks & Cabinets for $200 million, strengthening its position in high-density integrated infrastructure solutions. The deal expands Vertiv's manufacturing capabilities in the US and Europe, allowing it to offer comprehensive solutions for AI and high-density computing environments. The acquisition aligns with Vertiv's growth strategy, focusing on high-margin and high-growth product categories.

Vertiv Holdings Co (NYSE: VRT) has completed its acquisition of Great Lakes Data Racks & Cabinets for approximately $200 million, a move that significantly strengthens its position in high-density integrated infrastructure solutions. The acquisition aligns with Vertiv's strategic focus on high-margin and high-growth product categories.

Great Lakes, established in 1985 and headquartered in Edinboro, PA, USA, is a leading manufacturer of innovative data rack enclosures and integrated infrastructure solutions. The acquisition expands Vertiv's manufacturing capabilities in the US and Europe, allowing the company to offer comprehensive solutions for AI and high-density computing environments.

"We are pleased to officially welcome the Great Lakes team to Vertiv and begin innovating new white space solutions," said Gio Albertazzi, Vertiv's Chief Executive Officer. "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."

The integration of Great Lakes' expertise with Vertiv's existing portfolio is expected to deliver significant customer benefits through 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.

Vertiv's recent earnings report showed $0.95 earnings per share for the last quarter, exceeding analysts' expectations. The acquisition of Great Lakes is part of Vertiv's broader strategy to expand its manufacturing footprint and offer more integrated solutions to its clients.

Institutional investors now own 89.92% of Vertiv's stock, with significant increases in holdings from firms like Vanguard Group and Voloridge Investment Management. BI Asset Management Fondsmaeglerselskab A S reduced its stake in Vertiv by 29.0%, holding $9.51 million worth of shares after selling 53,763 shares during the 1st quarter [3].

References:
[1] https://www.prnewswire.com/news-releases/vertiv-completes-acquisition-of-great-lakes-data-racks--cabinets-302535028.html
[2] https://www.morningstar.com/news/pr-newswire/20250820cl55697/vertiv-completes-acquisition-of-great-lakes-data-racks-cabinets
[3] https://www.marketbeat.com/instant-alerts/filing-bi-asset-management-fondsmaeglerselskab-a-s-has-951-million-stock-holdings-in-vertiv-holdings-co-vrt-2025-08-20/