Vertiv Holdings To Buy Purge Rite For $1 Bln Cash

(RTTNews) - Vertiv Holdings Company (VRT), a provider of critical digital infrastructure, said on Monday that it has inked a deal to acquire Purge Rite Intermediate, LLC, a provider of mechanical flushing, purging, and filtration services for data centers and other facilities, from Milton Street Capital LLC for around $1 billion in cash.

Vertiv will also pay a potential performance-based additional consideration of up to $250 million in cash.

The transaction is expected to close in the fourth quarter of 2025. PurgeRite is anticipated to boost the acquirer's thermal management services capabilities and next-generation thermal chain services for liquid cooling systems.

Gio Albertazzi, CEO at Vertiv, said: "PurgeRite's specialized services and engineering excellence are expected to complement our existing portfolio and strengthen our ability to support high-density computing and AI applications where efficient thermal management is critical to performance and reliability. This transaction aligns with our priority of deploying capital towards strategic acquisitions that strengthen and expand our leadership across the critical digital infrastructure ecosystem."