Sectors
Foley & Lardner LLP represented nVent Electric plc (nVent), a global leader in electrical connection and protection solutions, in its definitive agreement to acquire Maverick Power for $1.75 billion, subject to customary adjustments. The transaction also includes the potential for up to $550 million in additional consideration based on the achievement of certain performance metrics in 2027 and 2028.
Maverick Power is a leading North American provider of engineered power distribution and infrastructure solutions for data centers. Headquartered in McKinney, Texas, the company manufactures low-voltage and medium-voltage switchgear, integrated modular solutions, and related services. The acquisition strengthens nVent’s position in the high-growth infrastructure market, particularly data centers, by adding a power distribution platform that complements its existing offerings and expands its capabilities in new power architectures and system-level solutions and services.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including regulatory approval.
Foley’s transactions team was led by partner John Wilson and included associates Bryn Allen, Tallie Fote, and Seap Bhardwaj. Additional subject matter support was provided by partners Gregory Neppl (Antitrust & Competition), Louis Wahl (Finance), Amy Ciepluch (Employee Benefits & Executive Compensation), Amanda Beggs (Environmental), John Litchfield (Labor & Employment), Candace Flatley (Real Estate), and Timothy Voigtman (Tax), of counsel John Turlais (International Trade).
