Vertiv to Acquire PurgeRite for $1 Billion to Boost Cooling
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Vertiv Holdings plans to acquire PurgeRite Intermediate, an HVAC services company owned by Milton Street Capital, for approximately $1 billion. This acquisition will expand Vertiv’s liquid cooling services, serving the increasing need for cooling solutions for data centers. Vertiv Holdings intends to acquire PurgeRite Intermediate, a HVAC services firm, for approximately $1 billion, according to a Reuters report. The acquisition, from private equity firm Milton Street Capital, strategically expands Vertiv's liquid cooling services portfolio. This transaction addresses the escalating demand for efficient cooling solutions in data centers. The rise of.
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Key takeaways
- Vertiv Holdings intends to acquire PurgeRite Intermediate, a HVAC services firm, for approximately $1 billion, according to a Reuters report
- The acquisition, from private equity firm Milton Street Capital, strategically expands Vertiv's liquid cooling services portfolio
- This transaction addresses the escalating demand for efficient cooling solutions in data centers
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