Who Owns Geist?
Geist is owned by Vertiv, a publicly traded critical digital infrastructure company. Acquired by Vertiv in 2018, Geist specializes in rack power distribution units (PDUs), monitoring systems, and intelligent power management solutions for data centers. Vertiv is listed on the NYSE under ticker symbol VRT.
Parent Company
Vertiv
Acquired
2018
Status
Publicly Traded
Headquarters
Youngstown, Ohio, USA
Who Owns Geist?
- Parent Company: Vertiv
- Ownership Type: Wholly owned
- Acquisition Year: 2018
- Company Type: Publicly Traded
- Stock Ticker: NYSE: VRT
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Geist | Vertiv | Wholly owned |
History of Geist
- Founded: 2003
- Founders: Geist (independent founding)
- Acquired by Vertiv: 2018
Geist has a history dating to 1948, when the company was founded in Lincoln, Nebraska. The company's early business focused on electrical products and power distribution equipment for commercial and industrial applications. Over subsequent decades, Geist evolved its product focus toward the data center and IT infrastructure market as the computing industry grew and the need for reliable, monitored power distribution in server environments became increasingly important.
The data center market's growth through the 1990s and 2000s, driven by the expansion of enterprise computing, internet infrastructure, and cloud computing, created growing demand for rack-level power distribution units that could deliver reliable power to servers and networking equipment while providing monitoring capabilities to track power consumption and environmental conditions.
Geist developed expertise in rack PDUs, which are the power strips installed in server racks that distribute power from the facility's electrical infrastructure to individual servers, switches, and other rack-mounted equipment. Unlike simple power strips, intelligent rack PDUs provide outlet-level power monitoring, remote switching capabilities, and environmental sensing, enabling data center operators to track power consumption at the individual device level and manage power remotely.
The company expanded its product portfolio to include environmental monitoring systems that track temperature, humidity, airflow, and other conditions within data center facilities. These monitoring capabilities are critical for data center operations, as temperature excursions can damage equipment and humidity variations can cause condensation or static electricity issues.
Geist built a reputation for technical quality and product innovation in the rack PDU and monitoring market, establishing customer relationships with data center operators, colocation providers, and enterprise IT organizations across North America and internationally.
In 2018, Vertiv acquired Geist as part of its strategy to expand its data center infrastructure portfolio. Vertiv, which had been spun off from Emerson Electric in 2016 as an independent company and taken public in 2020 through a SPAC merger, was building a comprehensive portfolio of data center power, cooling, and monitoring solutions. The Geist acquisition added rack PDU and environmental monitoring capabilities to Vertiv's existing power and cooling product lines.
Since the acquisition, Geist has continued to develop its product portfolio within Vertiv's broader data center infrastructure ecosystem. The rapid growth of hyperscale data centers and AI computing infrastructure from 2023 onward has created strong demand for data center power and monitoring solutions, benefiting both Vertiv and the Geist brand.
About Vertiv
Who owns Vertiv?
Vertiv Holdings Co. is a publicly traded company listed on NYSE (VRT) and owned by institutional investors, mutual funds, and individual shareholders. Prior to its 2020 IPO, the company was owned by private equity firm Platinum Equity.
Is Vertiv publicly traded?
Yes, Vertiv is publicly traded on the New York Stock Exchange under ticker VRT. The company went public in February 2020 through a SPAC merger with GS Acquisition Holdings Corp.
What does Vertiv do?
Vertiv designs, manufactures, and services critical digital infrastructure solutions including power management systems, thermal management (cooling) systems, IT infrastructure management tools, and electrical infrastructure for data centers and mission-critical facilities.
What is Vertiv's revenue?
In FY2024, Vertiv reported net revenues of approximately $8.1 billion, up approximately 20% year-over-year, driven by surging demand for data center infrastructure related to AI workloads.
Why is Vertiv benefiting from AI?
AI workloads require significantly more power and cooling per server rack than traditional computing workloads. AI servers can consume 10-30 kilowatts per rack, compared to 5-10 kilowatts for traditional servers. This drives demand for Vertiv's high-density power management and cooling solutions.
When was Vertiv founded?
Vertiv traces its roots to 1965 when Eugene Liebert founded Liebert Corporation. The business was acquired by Emerson Electric in 2000, sold to Platinum Equity in 2016 (and rebranded as Vertiv), and went public in 2020.
- Founded: 1965
- Headquarters: Columbus, Ohio, USA
- Company Type: Publicly Traded
- Stock: NYSE: VRT
Where Is Geist Made / Based?
- Headquarters: Youngstown, Ohio, USA
- Manufacturing / Operations: United States, Global operations
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Geist Ownership: Pros & Cons
Advantages
- +Integration within Vertiv's comprehensive data center infrastructure portfolio enabling bundled solutions for data center operators
- +Vertiv's FY2024 revenues of approximately $8.0 billion reflecting strong parent company financial health and market position
- +Strong demand tailwind from hyperscale data center construction and AI computing infrastructure buildout
- +Vertiv's global distribution network enabling Geist products to reach data center customers worldwide
- +Established brand recognition in the rack PDU and data center monitoring market
- +Access to Vertiv's engineering and manufacturing resources for product development
Considerations
- -Competition from Schneider Electric's APC brand, Eaton, and Raritan in the rack PDU market
- -Data center infrastructure spending subject to cyclical fluctuations in cloud and enterprise IT investment
- -Integration within a large corporate structure may affect product development agility
- -Dependence on Vertiv's strategic priorities and capital allocation decisions
- -Technology evolution in power monitoring and management requiring continuous product investment
Frequently Asked Questions About Geist
Competitors to Geist
No direct competitors found in the same category. This could be because Geistoperates in a unique market segment or we're still building our competitor database.
Vertiv Stock Information
Jobs at Vertiv
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