Hubbell Inc.
Hubbell Completes Acquisition of NSI Industries
Summary
Hubbell Incorporated has completed its acquisition of NSI Industries, a leading provider of electrical fittings, connectors, components, and wire management products, for $3.0 billion in cash. The acquisition was financed using a combination of net proceeds from borrowings under a new unsecured term loan facility of $900 million, the issuance of $1.9 billion aggregate principal amount of senior notes, and issuances of commercial paper. NSI Industries, headquartered in Huntersville, North Carolina, is a manufacturer and supplier of over 15,000 branded electrical products sold to over 2,000 distributors in North America.
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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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