Vertiv Acquires Great Lakes for $200 Million

Vertiv has acquired the Great Lakes Data Racks & Cabinets family of companies, a maker of server racks for $200 million. Vertiv said the acquisition is expected to enhance its capacity to deliver pre-engineered, AI-ready rack solutions optimized for the enterprise, Edge, colocation, and hyperscale AI computing markets.

"Great Lakes is a leading rack manufacturer with an extensive portfolio of high-end rack solutions and innovation capabilities that are essential in an increasingly demanding high-density AI infrastructure environment," said Gio Albertazzi, CEO at Vertiv. "With the acquisition of Great Lakes, Vertiv strengthens its position as a premier technology solutions provider in the critical white space market. Our combined capabilities enable us to deliver comprehensive, engineered infrastructure solutions that go beyond basic integration, addressing the complex challenges of next-generation AI technology."

Vertiv has, over its 80-year history, made several acquisitions and divestments. The current iteration of the company was formed after Platinum Equity bought the network power unit from Emerson and took it public via a SPAC merger. Since its rebrand to Vertiv in 2016, the company has made a handful of deals.