Vertiv Is Buying Purge Rite For $1B—Is This The Future Of AI Infrastructure?

As Vertiv Holdings races ahead in the high-performance data center and AI infrastructure market, its latest move—agreeing to acquire Texas-based fluid management services provider Purge Rite Intermediate for $1 billion in cash, plus up to $250 million in potential earnouts—has sent ripples through the thermal management space. The acquisition, announced in early November 2025, comes on the heels of Vertiv’s strong Q3 performance, with 28% organic sales growth and a $9.5 billion backlog. Purge Rite, headquartered in Houston and backed by Milton Street Capital, specializes in thermal fluid services and is positioned to expand its service center network across North America. Vertiv’s CEO Giordano Albertazzi emphasized that this move would “strategically expand Vertiv’s fluid management capabilities from design through maintenance.” Given Purge Rite’s expected 2026 EBITDA multiple of ~10x (including cost synergies), the deal is seen as margin-accretive to Vertiv’s services segment.