Vertiv has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively Great Lakes) for $200-million.
The purchase price represents approximately 11,5-times expected 2026 earnings before interest, taxes, depreciation, and amortisation (EBITDA) including cost synergies and cross-selling opportunities.
The acquisition is expected to enhance Vertiv’s capacity to deliver pre-engineered, future AI-ready rack solutions optimised for enterprise, edge, colocation and hyperscale AI computing markets.
Great Lakes operates manufacturing and assembly facilities in the US and Europe. Its portfolio includes standard and custom racks, integrated cabinets, seismic cabinets, and enhanced cable management access options for both retrofit and greenfield applications.
The addition strengthens Vertiv’s end-to-end critical digital infrastructure offerings, enhancing Vertiv’s ability to provide the industry’s most complete set of products and services for critical digital infrastructure needs.
“Great Lakes is a leading rack manufacturer with an extensive portfolio of high-end rack solutions and innovation capabilities that are essential in an increasingly demanding high-density AI infrastructure environment,” says Gio Albertazzi, CEO of Vertiv. “With the acquisition of Great Lakes, Vertiv strengthens its position as a premier technology solutions provider in the critical white space market. Our combined capabilities enable us to deliver comprehensive, engineered infrastructure solutions that go beyond basic integration, addressing the complex challenges of next-generation AI technology.”
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close in the third quarter 2025.