Intelligent power management company Eaton has announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers. Under the terms of the agreement, Eaton will pay $1.4 billion for the acquisition of Fibrebond, which is expected to generate $110 million of estimated 2025 adjusted EBITDA.
“Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market,” said Mike Yelton, president, Americas Region, Electrical Sector. “Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost. This full-service offering allows us to better serve our customers amid accelerating demand.”
Fibrebond Corporation, based in Minden, Louisiana, builds innovative and reliable structures that protect people and mission-critical equipment for data center, fiber, industrial, and utility markets. The company estimates revenues of approximately $378 million for the 12 months ending February 28, 2025.
The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton expects the deal will be neutral from an earnings per share standpoint in 2025.
