- Became publicly traded through a merger with GS Acquisition Holdings (GSAH)
- Vertiv Holdings Co., a Columbus-headquartered provider of critical digital infrastructure and continuity solutions.
GS Acquisition Holdings Corp is a special purpose acquisition company co-sponsored by an affiliate of The Goldman Sachs Group Inc. and David M. Cote. Vertiv was called Emerson Network Power until Platinum Equity acquired it in 2016.
Cote, CEO of GSAH and former executive chairman of the board and CEO of Honeywell, will serve as executive chairman of Vertiv. Vertiv’s existing management team will continue to be led by 30-year industry veteran CEO Rob Johnson.
Upon closing, Platinum Equity held approximately 38 percent of the outstanding common stock of Vertiv Holdings Co., the former GS Acquisition Holdings Corp stockholders held approximately 25 percent of the outstanding shares, and investors in the private placement held the remaining 37 percent.
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