Vertiv Holdings to acquire PurgeRite from Milton Street Capital for $1bn.

Vertiv Holdings, a company specializing in critical infrastructure technologies and services for data centers, agreed to acquire PurgeRite, a provider of mechanical flushing, purging and filtration services for data centers, from Milton Street Capital, a private equity firm, for $1bn. "This acquisition represents a strategic expansion of Vertiv's fluid management capabilities, from design through maintenance. PurgeRite's specialised 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. This transaction aligns with our priority of deploying capital towards strategic acquisitions that strengthen and expand our leadership across the critical digital infrastructure ecosystem," Gio Albertazzi, Vertiv CEO.