Vertiv Acquires Custom Air-Handler Maker Energy Labs
Vertiv announced this week that it has acquired the privately owned custom air handling manufacturer Energy Labs for an undisclosed amount. Evidently, Platinum Equity — Vertiv’s owner since it bought it as Emerson Network Power about a year ago — meant it when it said its focus would be on long-term growth for the company and not on squeezing maximum short-term profits by putting it on a starvation diet.
There was room for doubt. In July, just months after Peter Panfil, VP global power at Vertiv told Data Center Knowledge about Platinum’s approach, Vertiv sold ASCO, its automatic transfer switch business, to Schneider Electric in a deal worth $1.25 billion.
Source: Disaster Recovery Journal