Vertiv to Acquire Great Lakes for $200M to Boost AI-Ready Infrastructure Solutions
July 17, 2025
Vertiv has announced its agreement to acquire Great Lakes Data Racks & Cabinets for $200 million, aiming to strengthen its leadership in high-density, AI-ready infrastructure solutions.
The acquisition, valued at approximately 11.5 times expected 2026 EBITDA, is expected to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions.
Great Lakes, founded in 1985 and headquartered in Edinboro, Pennsylvania, specializes in designing and manufacturing customized data rack enclosures and integrated infrastructure solutions, with facilities in the U.S. and Europe.
This move is set to accelerate deployment of high-density, AI-ready infrastructure by leveraging Great Lakes’ expertise in designing solutions for modern data centers and edge computing.
The acquisition also diversifies Vertiv’s geographic footprint, utilizing Great Lakes’ manufacturing capabilities in the U.S. and Europe to mitigate supply chain risks and tariffs.
Key growth drivers include cross-selling opportunities, tariff mitigation through U.S. manufacturing, and targeting the expanding $1.2 billion edge infrastructure market, with the AI infrastructure market projected to grow at a 25% CAGR through 2030.
The combined entity is expected to generate over $500 million in additional annual revenue as AI workloads increasingly dominate data center capacity.
Vertiv’s recent 17% revenue increase in 2024 underscores its operational strength and market position to capitalize on the booming AI infrastructure sector.
This strategic acquisition signals a key inflection point for Vertiv, promising scalable growth and enhanced customer retention in the rapidly expanding AI infrastructure market.
With a strong balance sheet and potential EBITDA growth, the deal offers a compelling investment opportunity for both risk-tolerant and conservative investors.
Great Lakes’ modular and highly customizable designs will support rapid scalability for edge computing and hyperscale AI deployments, reducing deployment times and costs.
However, risks include the need for seamless integration and potential regulatory hurdles that could delay the transaction’s completion in Q3 2025.
Summary based on 8 sources
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Sources

Morningstar, Inc. • Jul 17, 2025
Vertiv To Acquire Custom Rack Solutions Manufacturer
StreetInsider.com • Jul 17, 2025
Vertiv To Acquire Custom Rack Solutions Manufacturer
RTTNews • Jul 17, 2025
Vertiv Holdings To Buy Great Lakes For $200 Mln