M&A Deal Summary

Vertiv Acquires Purge Rite

On November 3, 2025, Vertiv acquired energy services and equipment company Purge Rite from Milton Street Capital for 1.0B USD

Acquisition Highlights
  • This is Vertiv’s 1st transaction in the Energy Services and Equipment sector.
  • This is Vertiv’s 2nd largest (disclosed) transaction.
  • This is Vertiv’s 7th transaction in the United States.
  • This is Vertiv’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-11-03
Target Purge Rite
Sector Energy Services and Equipment
Buyer(s) Vertiv
Sellers(s) Milton Street Capital
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Harris Williams (Financial)
DLA Piper (Legal)

Target

Purge Rite

Willis, Texas, United States
PurgeRite provides mechanical flushing, purging, and remediation services for closed-loop hydronic HVAC and geothermal systems. The Company works with industries such as data centers, healthcare, industrial facilities, and district energy providers to ensure system efficiency and cleanliness. PurgeRite was founded in 2008 and is headquartered in Willis, Texas.

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Buyer(S) 1

Buyer

Vertiv

Columbus, Ohio, United States

Category Company
Founded 2016
Sector Electrical Equipment
Employees27,000
Revenue 8.0B USD (2024)
DESCRIPTION
Vertiv's corporate headquarters in Columbus, Ohio.
Vertiv's corporate headquarters in Columbus, Ohio.

Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks, and commercial and industrial facilities. Vertiv was established in 2016 and is based in Columbus, Ohio.


DEAL STATS #
Overall 10 of 10
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-26 Waylay

Ghent, Belgium

Waylay develops an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance. Waylay was formed in 2014 and is based in Ghent, Belgium.

Buy -

Seller(S) 1

SELLER

Milton Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 1.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Milton Street Capital is a private equity firm focused on acquiring profitable, middle-market industrial companies throughout North America. Prospective transaction types include family owned buyouts, corporate divestitures, and complex situations. The Firm looks to be a hands-on partner, working with management to transform and improve investee companies. Milton Street Capital was established in 2016 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Purge Rite

Willis, Texas, United States

PurgeRite provides mechanical flushing, purging, and remediation services for closed-loop hydronic HVAC and geothermal systems. The Company works with industries such as data centers, healthcare, industrial facilities, and district energy providers to ensure system efficiency and cleanliness. PurgeRite was founded in 2008 and is headquartered in Willis, Texas.

Buy -