Vertiv plans to acquire Purge Rite Intermediate, LLC, (PurgeRite) for $1 billion in cash plus up to $250 million based on achieving certain 2026 performance metrics.

PurgeRite provides mechanical flushing, purging, and filtration services for data centers, as well as other mission-critical facilities. Clean fluid loops are essential for maximizing cooling performance, as well as for maintaining uptime.

Fluid management can include high-velocity fluid loop flushing to remove debris, purging to remove air and gas, and filling with clean fluid.

The deal represents approximately 10x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) including "expected cost synergies."

The transaction is subject to customary closing conditions, including regulatory approvals under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. It is expected to close in the fourth quarter of 2025.

Vertiv said that PurgeRight has strong relationships with hyperscalers and Tier 1 colocation providers, along with proprietary technologies for mechanical flushing, purging, and filtration.

“This acquisition represents a strategic expansion of Vertiv’s fluid management capabilities, from design through maintenance,” said Gio Albertazzi, Vertiv's CEO.

“PurgeRite’s specialized services and engineering excellence are expected to complement our existing portfolio and strengthen our ability to support high-density computing and AI applications where efficient thermal management is critical to performance and reliability."

With the boom in liquid cooling to support AI workloads, Vertiv has acquired a number of businesses to bolster its offering.

In 2023, the company acquired coolant distribution infrastructure provider CoolTera. The next year, it picked up centrifugal chiller technology and assets from BiXin Energy Technology Co.

This year, it bought automation platform WayLay.io, which develops monitoring and control technologies for power and cooling systems. It also acquired rack maker Great Lakes for $200m.

For the PurgeRite deal, Stifel is acting as sole financial advisor to Vertiv, and Buchanan, Ingersoll & Rooney PC provided legal counsel. Harris Williams is acting as financial advisor to PurgeRite, and DLA Piper LLP (US) provided legal counsel.