Hubbell Incorporated (NYSE:HUBB) entered into a definitive agreement to acquire NSI Industries, LLC from Sentinel Capital Partners, L.L.C. for $3 billion on May 4, 2026. Hubbell plans to finance the transaction with a combination of cash on hand and debt and has obtained fully committed bridge financing from JPMorgan Chase Bank, N.A., Bank of America, N.A., and HSBC Bank USA, N.A. subject to the agreed-upon terms and conditions among the foregoing parties and Hubbell. The transaction will be funded with $2.8 billion of senior unsecured bridge loans.
The transaction reflects TEV/EBITDA multiple of 15.5x. NSI anticipates 2026 revenue of approximately $570 million. Hubbell expects the acquisition to be accretive to adjusted EPS in 2026.
The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is anticipated to close in mid-2026.
Harris Williams LLC acted as financial advisor for Hubbell Incorporated. Joshua Cammaker, John Robinson, and Nathaniel Ludewig of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for Hubbell Incorporated. Lincoln International LLC acted as financial advisor for Sentinel Capital Partners, L.L.C. and NSI Industries, LLC. Drew Grabel, Andrew Arons, P.C., and Oliver Yee of Kirkland & Ellis LLP acted as legal advisor for Sentinel Capital Partners, L.L.C. and NSI Industries, LLC.
Hubbell Incorporated est spécialisé dans la conception, la fabrication et la distribution d'équipements utilisés dans la transmission de l'électricité. Le CA par famille de produits se répartit comme suit :
- équipements pour réseaux de distribution d'électricité (62.8%) : commutateurs, parafoudres, isolateurs, douilles, bagues, systèmes de fixation et d'isolation, capteurs, transformateurs, sectionneurs, compteurs, dispositifs pour installations souterraines, équipements pour lignes et poteaux électriques, etc. ;
- équipements pour installations électriques (37.2%) : interrupteurs, bornes de recharge, relais, raccords, contacteurs, prises, résistances, plaques murales, boitiers, systèmes d'éclairage, systèmes de gestion de câblage, panneaux de commande, etc. utilisés dans les secteurs industriels, résidentiels, informatiques, hospitaliers, de l'énergie, des télécommunications, etc.
A fin 2025, Hubbell Incorporated dispose de 57 sites de production dans le monde.
92.6% du CA est réalisé aux Etats-Unis.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
Choose MarketScreener 
