Vertiv Holdings Co. (VRT) Announces Commencement of 20M Share Secondary Offering

Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the commencement of an underwritten secondary public offering of up to 20,000,000 shares of Vertiv’s Class A common stock by VPE Holdings, LLC (“Platinum”), an affiliate of Platinum Equity, LLC, pursuant to a registration statement filed with the Securities and Exchange Commission. In connection with the offering, the selling shareholder intends to grant to the underwriters a 30-day option to purchase up to 3,000,000 additional shares of Vertiv’s Class A common stock.

Following the completion of the transactions, Platinum will remain Vertiv’s largest stockholder, owning at least 95 million shares of Class A common stock, representing an economic interest of approximately 30% in Vertiv. Vertiv is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.

J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers of, and as representatives of the underwriters for, the offering. Additionally, BofA Securities, Inc. Citigroup and Evercore ISI are acting as joint book-running managers of, and underwriters for, the offering.

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