nVent to acquire Maverick Power for $1.75B, plus earnout
nVent announced an agreement to acquire Maverick Power for $1.75 billion, with up to $550 million in additional contingent consideration.
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nVent agrees to buy Maverick Power for $1.75 billion
nVent Electric (NVT) agreed to acquire Texas power-distribution firm Maverick Power for $1.75 billion, with up to $550 million contingent cash and a maximum deal value of $2.3 billion.
nVent Electric to buy Maverick Power for $1.75B
nVent Electric says it will acquire Maverick Power for $1.75 billion, expects the deal to be accretive to adjusted EPS in the first year, and will fund it with cash and new debt.
nVent to acquire Maverick Power
nVent says it will acquire Maverick Power; no deal value, timing, or catalyst was supplied in the alert.