Vertiv Holdings Co. Overview

Vertiv Holdings Co.

Introduction

Vertiv is a public corporation and a North American-based company headquartered on the coast of Columbus, Ohio, United States. Vertiv Holdings Co. is a manufacturing company deal with the provision of equipment and services for data centers as well as organizations requesting its services and products. It operates in the electrical industry and since its inception in 1965, the company has been providing IT infrastructure to over 750, 000 customers across the globe. Vertiv has in total, 24, 000 employees in its workforce globally. The company, aside from its apex office in Columbus, Ohio, also has several regional headquarters scattered across major countries of the world like England, Italy, Shenzen, Mumbai in India, Philippines, Miami, Pasig, Florida, Manila, Bologna, as well as Nanshan District. Sequel to the company’s amalgamation with GS Acquisition Holdings, Vertiv Holdings Co., started trading publicly on the New York Stock Exchange (NYSE) market on the 10th of February, 2020. The re-branding of Vertiv in the year 2016 was caused when Platinum Equity bought the Emerson Network Power business controlled by Emerson Electric in a deal worth in excess of $4 Billion USD in December 2016. After the deal, however, Emerson also retained subsidiary equity in the company. Vertiv Holdings Co., in the year 2021, recorded a gross revenue amounting to the total sum of 5 Billion USD from its entire operations, including its divisions. In this piece, however, you would be shown a broad and extensive review of the company’s dealings and its overall operations. As such, all relevant information detailing its historical background, its key facts, its affiliated brands, its financial overview, as well as its pros and cons would be concisely covered to enable you to understand the significant and key major elements of the company as quickly as possible.    

Key Facts 

Founding Year: Vertiv was founded in the year 1965, approximately 57 years in existence. 

Industrial Ranking:  Vertiv is proud to be ranked in the 447 positions on the Fortune 500 list, indicating the company’s efficiency and astounding status in the area of revenue generation and overall operations.  

Company Type: A Public Corporation (PLC)    

Customer Strength: Vertiv, serves over 750, 000 customers across the globe. 

Market Reach & Customer Support: Vertiv has more than 23 manufacturing facilities scattered in different major countries of the world. 14 Customer Experience Service Centers across the world. Over 290 Global Service Centers. Over 3, 300 Field Service Engineer 

Industry Type: Manufacturing/ Information Technology (IT) 

Trading type:  Vertiv ., trades publicly on the New York Stock Exchange (NYSE) market, under the ticker symbol, VRT 

Historical Background 

The genesis of Vertiv started in the year 1946 when Ralph Liebert founded Capitol Refrigeration Industries, a forerunner to Liebert Corporation. However, the company run for a couple of years from 1946 through the mid-1960s, so in 1965, Liebert Corporation was founded, forming the industry’s first manufacturer and producer of computer room air conditioning (CRAC). In the year 1983, Liebert Corporation bought Programmed Power Corporation, an acquisition which expands the company’s uninterruptible power supply (UPS) venture. In the year 1987, Liebert Corporation was acquired by Emerson. 

In the year 2000, Emerson formed the Network Power business, a venture that integrates critical infrastructure and innovative technologies under a single trademark/brand. In the year 2001, Emerson Network Power increases its presence on the coast of Asia with its acquisition of Avensys. And in the same year, the company formed Emerson Network Power in India, operating under the name, Emerson Network Power India. 

In the year 2004, Emerson Network Power extends to the telecommunication industry solutions with its purchase of the Marconi power system and outside plant. In the year 2006, Emerson Network Power bought a Germany-based company, operating under the name, Knurr Ag. The company is known as a leading provider of enclosure systems. In the year 2009,  Emerson Network Power bought Avocent, a leading company in IT management software as well as KVM solutions. 

In the year 2016, Vertiv was established as a stand-alone business. The independence and freedom thus expand and extend the business capabilities and area of operations, as well as its commitment to help support and foster the mission of designing, servicing, and building mission-critical innovations and technologies that help drive possibility and value for customers.  

In the year 2018, Vertiv makes its first two purchases, Energy Labs, a United States-based manufacturer of personalized air handling systems, and another U.K. leading manufacturer of rack power distribution units, operating under the name Geist. In the year 2020, Veritiv merged with GS Acquisition Holdings, and the merger led the company, Vertiv Holdings Co., to begin trading on the New York Stock Exchange (NYSE) market under the ticker symbol, VRT, hence making it become a publicly enlisted, fully digital infrastructure provider. 

Finally, in the year 2021, Vertiv completes its purchase deal of E+I Engineering Ireland Limited as well as its affiliate, Power Gulf, LLC which was a leading independent manufacturer of modular, busway, and switchgear power solutions. And in the same year, April 2021, the company was pronounced as the Official Data Center Equipment Provider and Founding Partner of Columbus Crew. 

Market Niches and Offerings 

In its entirety, Vertiv operates in three major niche markets which are: communication networks, data centers, as well as commercial & industrial environments. However, across these three major markets, Vertiv principal offerings are been provided to its customers. These principal offerings will, however, be addressed briefly in the succeeding lines. 

Vertiv Principal Offerings include: 

Integrated Rack Solutions 

The offering segment offers products that are tailored to suit a wide range of  IT hardware and equipment. Offerings in this segment, however, including but are not limited to rack power, racks, rack thermal system, rack power distribution, configurable integrated solutions, as well as hardware for managing I.T. equipment.  

Critical Infrastructure & Solutions: This offering segment offers products and solutions for a specific niche areas, hence meeting every individual client and customer according to their respective needs. These offerings include but are not limited to thermal management, integrated modular solutions, and AC and DC power management. 

Services & Spares 

This offering segment offers purely consulting and maintenance services as well as the provision of spare parts products to customers. Offerings in this segment, however, include but are not limited to acceptance testing, preventative maintenance, performance assessments, engineering and consulting, training, spare parts, remote monitoring, critical digital infrastructure software, et cetera.

Brands 

 Vertiv has a wide range of affiliated brands under its management, however, this section will outline them according to their respective operations. 

Vertiv brands include: 

Brands                                    Operations 

ALBER – Battery Monitoring 

AVOCENT – IT Management 

CYBEX – IT Management 

E + I Engineering – Electrical Switchgear 

ENERGY LABS – Industrial Thermal and Commercial 

GEIST – Rack PDU 

LIEBERT – AC Power and Thermal 

NETSURE – DC Power 

Financial Overview 

Revenue: 5 Billion USD 

Operating Capital: 843.800 Million USD 

Total Assets: 6.9 Billion USD 

Total Liability: 5.521 Billion USD 

Total Equity: 1.454 Billion USD

Pros and Cons 

According to reviews by employees on Glassdoor and Indeed.com, including an objective review of the company, below are the outlined pros and cons of Vertiv

Pros 

Variety of Brands and Products: Having a vast and comprehensive list of brands as well as products in its archive, the vast brand nature of Vertiv is literally one of the pros of the company as it avails customers a pool of brands and products to choose from based on their respective needs.  

Durable and High-quality Products: Vertiv products tend to be durable and of high quality since they are made by a team of expert individuals. 

Adequate Industrial Experience: Although Veritiv gains its business independence in the year 2016, nonetheless, the parent company of the corporation has been in existence since 1965. Thus, due to this broad years of accumulated industry experience, Vertiv pride itself as a company with a saturated level of industrial and global expertise.  

Great Place to Work for Employees: According to a research-based review on Glassdoor, most employees commented that Vertiv is a great place to work. 

Sustainability Development Commitment: Committed to the service of humanity, Vertiv support and foster environmental and innovative program in its communities so as to fulfill its corporate social responsibility as a firm.  

Values Diversity: Employees also commented positively on Vertiv’s policy that it values diversity and cultural differences. 

Staff Welfarism: Employee welfarism is another merit of Vertiv as it strives to provide perks like insurance, health, and hazard allowances for its staff. 

Cons 

Terrible Leadership: Some employees complained the company has bad leadership which technically reduces the company’s management efficiency. 

Obsolete Workspace Area: Some employees also complained about their workspace area being obsolete and archaic.

Conclusion 

Although Vertiv is still new as an independent company in the industry as compared to its counterparts, however, despite that, the corporation leverages its parent corporation’s experience to increase its growth exponentially from its inception in 2016 hitherto this day. The secret to this is, not quite far-fetched, it is, however, the company’s commitment to exceptional and innovative service offerings while helping customers and employees derive value in their respective pursuits. Finally, with all being said in the foregoing sections of this piece, I hope your expectation, as promised in the introductory part of this piece has been met, and that you have adequately absorbed all there is to know about this evolving company, Vertiv.