NEW YORK (S&P Global Ratings) Sept. 13, 2021--Vertiv Group Corp. (BB-/Positive/--) on Sept. 8 announced the acquisition of E&I Engineering Group in a transaction valued at $1.8 billion. Vertiv also revised its earnings guidance downward because of supply chain issues. Despite mitigating measures, the supply chain constraints are delaying shipment dates. The company has revised guidance for net sales down by $90 million, and management adjusted operating profit down by $60 million, which we expect to result in somewhat weaker profitability compared to our previous expectations. Still, we expect demand for data center equipment and service to remain robust with significant backlog, driving revenue and cash flow growth in 2022. The proposed acquisition of E&I will result in a modest
