AcquisitionsMay 4, 2026, 07:33 AM
Hubbell to Acquire NSI Industries for $3.0 Billion
AI Summary
Hubbell Incorporated announced a definitive agreement to acquire NSI Industries, a leading manufacturer of electrical fittings, connectors, components, and wire management products, for $3.0 billion in cash. The acquisition is expected to enhance Hubbell's Electrical Solutions portfolio with complementary products and industry-leading brands, targeting strategic growth verticals. Hubbell anticipates the transaction to be accretive to adjusted EPS in 2026 and expects NSI to contribute approximately $570 million in revenue for 2026.
Key Highlights
- Hubbell to acquire NSI Industries for $3.0 billion in cash, subject to customary adjustments.
- NSI Industries is a portfolio company of Sentinel Capital Partners.
- The purchase price represents approximately 15.5x anticipated 2026 EBITDA for NSI.
- NSI anticipates 2026 revenue of approximately $570 million.
- Hubbell expects the acquisition to be accretive to adjusted EPS in 2026.
- The transaction is anticipated to close in mid-2026, pending regulatory approval.
- Hubbell plans to finance the acquisition with cash on hand and debt, with committed bridge financing.
- Hubbell's 2025 revenues were $5.8 billion.