The purchase price represents approximately 11.5 times projected earnings before interest, taxes, depreciation, and amortization (EBITDA) through 2026, including cost synergies and cross-selling opportunities. This acquisition is expected to enhance Vertiv's ability to offer pre-configured, AI-ready rack solutions for the future, optimized for the enterprise, edge, colocation, and hyperscale AI computing markets.
Founded in 1985 and headquartered in Edinboro, Pennsylvania (USA), Great Lakes has manufacturing and assembly facilities in both the United States and Europe. Its product portfolio includes standard and custom racks, integrated cabinets, seismic enclosures, and advanced cable management solutions for both new installations and upgrades to existing infrastructure. This addition strengthens Vertiv's comprehensive offering in critical digital infrastructure, enhancing its ability to provide the most complete set of products and services in the industry.
“Great Lakes is a leading rack manufacturer with an extensive portfolio of high-end solutions and significant innovation capabilities, essential in an increasingly demanding AI infrastructure environment,” said Gio Albertazzi, CEO of Vertiv. “With the acquisition of Great Lakes, Vertiv strengthens its position as a leading provider of technology solutions for critical spaces. Our combined capabilities allow us to offer complete infrastructure solutions that go beyond basic integration, addressing the complex challenges posed by next-generation AI technology.”.
The integration of Great Lakes' expertise with Vertiv's existing portfolio is expected to deliver significant benefits to customers, including a unified source of supply, faster deployment through pre-designed solutions, increased operational efficiency through factory integration of Vertiv™ power and cooling solutions, greater scalability for AI and edge computing applications, and comprehensive support through Vertiv's global service network.
The transaction is subject to customary closing conditions, including regulatory approval pursuant to the Hart-Scott-Rodino Antitrust Act of 1976, and is expected to close in the third quarter of 2025.
