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".