Vertiv

Vertiv began as Capitol Refrigeration Industries, established in 1946 by Ralph Liebert (1918–1984) in Columbus, Ohio. Liebert Corporation was formed in 1965 as the industry's first manufacturer of computer room air conditioning (CRAC) systems, with just five associates. In 1977, Liebert launched Conditioned Power Corporation to design and manufacture power distribution, conditioning and monitoring systems for the data processing industry. Ralph Liebert's son, Larry Liebert, took over the company as president in 1980 and served in this position until 1989. In 1981, Liebert became a public company, listed on the NASDAQ under the symbol LIEB. In 1983, Liebert acquired Franklin Electric subsidiary, Programmed Power Corporation, expanding the company's power division capabilities to include the design and manufacture of uninterruptible power supplies (UPS).[8]

Liebert Corporation was acquired by Emerson Electric in 1987.[9] In 2000, Emerson formed its Network Power (ENP) business, integrating critical infrastructure technologies under a single brand. The following decade saw an expansion of ENP with various acquisitions. In 2001, the company increased is presence in Asia with the purchase of Avansys and formation of ENP India. ENP expanded its telecom industry solutions with the 2004 acquisition of Marconi outside plant and power system. In 2006, ENP acquired Germany-based Knürr AG, a leading provider of enclosure systems. In 2007, the Energy Logic energy efficiency model was developed and initially released.[10] Avocent and Chloride were acquired in 2009 and 2010 respectively.

In 2016, following Platinum Equity's $4 billion acquisition of ENP, the company officially commenced a campaign to rebrand under the name Vertiv. Vertiv launched as a stand-alone business and announced the appointment of Rob Johnson as chief executive officer.[11][12] In 2017, Vertiv sold its ASCO power switch business to Schneider Electric for $1.25 billion.[13] The company made three acquisitions in 2018; Energy Labs, Geist and MEMS. After merging with GS Acquisition Holdings in 2020, Vertiv Holdings Co became public on the New York Stock Exchange (NYSE: VRT).[14] In 2021, Vertiv acquired E+I Engineering, a global provider of switchgear, busway and modular power solutions power, for $1.8 billion.[15]

On January 1, 2023, Giordano Albertazzi became Vertiv's Chief Executive Officer.[16][17]

On July 1, 2023, Anand Sanghi became Vertiv's President of the Americas region.[18][19]

Vertiv invests approximately 5% of sales into research and development.[21] In 2022, Vertiv spent $282 million on research and development.[22]

In April 2021, Vertiv was announced as Founding Partner and Official Data Center Equipment Provider of Columbus Crew.[23]