Vertiv Holdings Co

VRT

Vertiv, legally Vertiv Holdings Co, is an American, Ohio-based, provider of equipment and services for datacenters, with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 2016. Emerson also retained a subordinated equity piece in the company.Since 2016, Rob Johnson has been the chief executive officer of Vertiv.Headquartered in Columbus, Ohio, Vertiv has ~20,000 employees and more than 25 manufacturing and assembly facilities around the world. The company has regional headquarters around the world in: Maidenhead, England, Bologna, Italy; Miami, Florida; Pasig, Manila, Philippines; Nanshan District, Shenzhen, China; and Mumbai, India.Through a merger with GS Acquisition Holdings, the company became publicly traded on the New York Stock Exchange (NYSE) on February 10, 2020.

Vertiv Holdings Co has been a target of short sellers for a while. The current short interest of 3.58% is roughly at the average of the last 12 months (2.86%).