Starboard completed the acquisition of a 7.4% stake in Vertiv.

Starboard, an investment advisory company, completed the acquisition of a 7.4% stake in Vertiv, a company which provides critical infrastructure for data centers in 130 countries around the world. Finanical terms were not disclosed. Starboard is believed to be seeking operational improvements at Vertiv. The New York-based hedge fund has held discussions with Vertiv’s leadership and appears to support its focus on improving profitability under Chairman David Cote and Giordano Albertazzi, who will take over as chief executive officer next year.