Goldman Sachs SPV completed its merger with Vertiv in a $5.3bn deal.

GS Acquisition, a special purpose acquisition company co-sponsored by an affiliate of The Goldman Sachs Group, completed its merger with Vertiv, a provider of critical digital infrastructure and continuity solutions and a Platinum Equity portfolio company, in a $5.3bn deal. With this deal, Vertiv became listed on the New York Stock Exchange. “Platinum Equity, Rob Johnson and his team have done a tremendous job over the last several years positioning Vertiv for long-term success. The Company is exactly the asset we were looking for, with a great position in a good industry, products differentiated by technology, strong organic and inorganic growth potential, and opportunities for sustained improvements over time. Taken together, I am delighted with the near- and long-term prospects for Vertiv and the opportunity this represents for shareowners,” David M. Cote, GSAH CEO and former Executive Chairman of the Board and Honeywell CEO.