Vertiv Holdings Co (NYSE:VRT) will look for acquisitions. Chief Financial Officer, David Fallon, said "On a gross basis, gross leverage is probably 3.3x, and we had about $700 million of cash on our balance sheet at the [indiscernible] that's what takes you down to the 2.2x, but we don't see that $700 million as burning a hole in our pocket So as we kind of mentioned, if you look at our priorities, we'll continue to pay down debt, but we certainly would like to use our balance sheet to look at some strategic acquisitions".
Vertiv Holdings Co. offers digital infrastructure technologies and deployable customized solutions to meet the specific business requirements and needs of a diverse group of customers. Its range of offerings includes alternate current and direct current power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure. These comprehensive offerings are integral to the technologies used for services, such as e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things and online gaming. In addition, through its global services network, the Company provides lifecycle management services, predictive analytics and professional services for deploying, maintaining and optimizing these products and their related systems. Its brands include Vertiv, Liebert, NetSure, Geist, Energy Labs and others.