nVent Electric NVT is expanding its data center business with the planned acquisition of Maverick Power, a leading provider of power distribution and infrastructure solutions for data centers. The $1.75 billion Maverick Power acquisition will add low- and medium-voltage switchgear, switchboards, integrated modular systems and related services to nVent Electric's portfolio. These products complement NVT's existing data center offerings in liquid cooling, cable management and engineered buildings.
The acquisition is timely because data center demand is driving a large part of nVent Electric's growth. In the second quarter of 2026, NVT's infrastructure sales more than doubled organically, led by data centers. The company expects data center sales to exceed $2 billion in 2026. Maverick adds a sizable business to this growth area. Maverick is expected to generate about $700 million in revenues in 2026 and has a strong backlog and future demand visibility.
With power demand driven by data centers and an aging power grid, Maverick's power distribution products can help nVent Electric address the rising power requirements of data centers as electricity demand continues to increase. NVT expects Maverick to be accretive to adjusted EPS in the first year after closing. The $1.75 billion purchase price is about 11.5 times Maverick's expected 2026 adjusted EBITDA, and the transaction is expected to close in the fourth quarter of 2026.
Maverick Power should therefore help nVent Electric expand its data center business as it adds power distribution products to an existing portfolio that already serves cooling, cable management and other data center needs. With nVent Electric expecting more than $2 billion of data center sales in 2026 and AI investment continuing to drive demand, the Maverick Power acquisition should help NVT grow its data center business and strengthen its position in the infrastructure market.
The Zacks Consensus Estimate for nVent Electric’s 2026 and 2027 revenues indicates year-over-year growth of 39.96% and 18.12%, respectively.
How Do Competitors Fare Against NVT
nVent Electric competes with companies like Vertiv VRT and Hubbell HUBB in the electrical equipment and data center markets.
Vertiv is also benefiting from strong AI data center spending and has a broad portfolio covering power and thermal management. VRT offers power, cooling and services as an integrated solution and is expanding its liquid-cooling capabilities through acquisitions, including Strategic Thermal Labs, which added server-side liquid cooling and cold-plate expertise. VRT expects 2026 sales of about $14 billion, up 37% year over year, with organic growth of 31%.
In June 2026, Hubbell completed the acquisition of NSI Industries, a key manufacturer and supplier of electrical products. The acquisition is expected to strengthen Hubbell’s offerings in areas such as light industrial, data center and network infrastructure applications. Here, electrification trends are expected to support Hubbell's growth across the electrical industry, and the acquisition will help Hubbell expand its portfolio of infrastructure-related products for its electrical and utility customers.
NVT's Price Performance, Valuation & Estimates
Shares of nVent Electric have surged 52.3% year to date against the Zacks Electronics - Miscellaneous Components industry’s decline of 18.8%.
nVent Electric YTD Price Return Performance
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From a valuation standpoint, nVent Electric trades at a forward price-to-sales ratio of 4.12X, higher than the industry’s average of 3.67X. NVT has a Value Score of D.
NVT Forward 12-Month P/S Ratio
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The Zacks Consensus Estimate for nVent Electric’s 2026 and 2027 earnings per share (EPS) implies year-over-year growth of 53.1% and 26.1%, respectively. EPS estimates for 2026 have been revised upward by 12.5% over the past 30 days, while the same for 2027 have been revised up by 1.4% over the past seven days.
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nVent Electric currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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This article originally published on Zacks Investment Research (zacks.com).