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Vertiv Holdings announced on Monday that it will acquire HVAC services provider PurgeRite Intermediate for about $1 billion, strengthening its liquid cooling portfolio amid growing demand for energy-efficient data center infrastructure. The acquisition, from private equity firm Milton Street Capital, is expected to close in the fourth quarter of 2025. Shares of Vertiv rose 1.5% in premarket trading following the announcement.
The move comes as the AI-driven surge in data processing continues to strain power grids, pushing operators to adopt low-emission and high-efficiency cooling solutions like liquid and natural air systems. On the same day, Eaton announced its own expansion in the thermal management space with a $9.5 billion acquisition of Boyd Corporation’s thermal business.
PurgeRite specializes in mechanical flushing, purging, and filtration for HVAC systems used in data centers, industrial sites, and commercial facilities. Vertiv’s acquisition of the Texas-based firm aims to enhance its service capabilities and meet growing global demand for advanced cooling solutions.
Source: Reuters
