Vertiv, formerly Emerson Network Power, acquired Energy Labs, a privately owned, U.S.-based manufacturer of custom air-handling systems and modular solutions, including direct evaporative, indirect evaporative and direct expansion cooling technologies.
Energy Labs is headquartered in San Diego and has more than 900 employees in the United States and Mexico. The West Coast location expands Vertiv’s footprint and increases visibility and accessibility to customers in the western part of the country.
The acquisition strengthens Vertiv’s position in the data center thermal management space and enables expansion into commercial and industrial segments, such as universities, hospitals, airports, office buildings and other critical commercial segments where air-handling systems are the preferred cooling solution.
“This acquisition supports our growth strategy to find companies that both align with our values and bolster our current offerings,” said Vertiv CEO Rob Johnson. “Energy Labs is a perfect fit, with talented people, innovative technologies and complementary expertise that will help us continue to meet the needs of our customers, while also expanding into adjacent markets.”
Ray Irani, president of Energy Labs, said: “The complementary nature of our portfolios and capabilities make this a natural fit for everyone involved and present a tremendous growth opportunity for the business, especially in the commercial and industrial space.”
Greif & Co., an independent, Los Angeles-based investment bank specializing in mergers and acquisitions for entrepreneurially owned companies, represented Energy Labs in this transaction.