KUALA LUMPUR, December 2 — Vertiv Holdings Co (NYSE: VRT) has announced its intent to acquire PurgeRite, a leading provider of specialized fluid management services for data centers, from Milton Street Capital LLC for approximately $1 billion in cash, with an additional earn-out of up to $250 million based on 2026 performance.
The acquisition, expected to close in Q4 2025 pending regulatory approval, will expand Vertiv’s liquid cooling portfolio to support high-density and AI-driven environments. Vertiv CEO Gio Albertazzi said the deal strengthens the company’s leadership in next-generation thermal management, enhancing performance, reliability, and operational efficiency for mission-critical data center infrastructure.
