Hubbell Inc.
Hubbell to Acquire NSI Industries for $3.0 Billion
Summary
Hubbell Incorporated has entered into a definitive agreement to acquire NSI Industries, a leading provider of electrical fittings, connectors, components, and wire management products, for $3.0 billion in cash. The transaction, expected to close in mid-2026, will be financed with a combination of cash on hand and debt. Hubbell has also secured fully committed bridge financing from JPMorgan Chase Bank, N.A., Bank of America, N.A., and HSBC Bank USA, N.A. The acquisition is anticipated to be accretive to Hubbell's adjusted operating margins and long-term organic growth.
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About Hubbell Inc.
Hubbell Inc. is a prominent manufacturer of electrical and electronic products globally. The company primarily focuses on designing, manufacturing, and selling quality electrical and utility solutions that play a crucial role in improving overall infrastructure efficiency and safety. Hubbell's extensive product range includes lighting fixtures, wiring devices, power distribution units, and other electrical components vital for residential, commercial, and industrial applications. Serving sectors like construction, energy, utility, and telecommunications, its products facilitate essential electrical and power connections and controls across various infrastructure projects. Founded in 1888, Hubbell has a rich history of innovation and adaptability, positioning itself as a significant player in enhancing operational reliability and connectivity in the markets it serves. With a commitment to meeting the evolving needs of a forward-moving society, Hubbell Inc. continues to influence the development and modernization of critical infrastructure systems around the world, underscoring its importance in the global market.
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