Hoffman Schroff to Buy Maverick Power for $1.75 Billion
The electrical-equipment maker agreed to acquire the data-center power-distribution manufacturer, with a close targeted for the fourth quarter of 2026.
Hoffman Schroff agreed to acquire Maverick Power, LLC, a manufacturer of engineered power distribution and infrastructure solutions for data centers, for an aggregate purchase price of $1.75 billion, subject to customary adjustments.
The transaction is expected to close in the fourth quarter of 2026, subject to the satisfaction of certain customary closing conditions, including regulatory approvals.
The release did not specify whether the purchase price would be paid in cash, stock, or a mix of the two, and it did not disclose an exchange ratio or a premium to a reference share price.
Maverick Power is a leading manufacturer of engineered power distribution and infrastructure solutions for data centers. Hoffman Schroff, an electrical-equipment company, would add that data-center power-distribution franchise to its existing portfolio through the acquisition.
The $1.75 billion figure is the aggregate purchase price stated in the announcement and is subject to customary adjustments. No earn-out, financing source, or synergy estimate was provided in the release.
The deal is subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2026. The transaction remains subject to those conditions.
The company did not provide a target-company revenue, EBITDA, or margin figure for Maverick Power, and it did not state an expected contribution to earnings or a run-rate margin after closing. The announcement framed the purchase as a $1.75 billion acquisition of a data-center power-distribution manufacturer, with the close still contingent on customary conditions and regulatory clearances.