What's Going On With Hubbell Stock Monday? - Hubbell (NYSE:HUBB)
4 Articles
4 Articles
What's Going On With Hubbell Stock Monday? - Hubbell (NYSE:HUBB)
On Monday, Hubbell Incorporated (NYSE:HUBB) said it has agreed to acquire NSI Industries from Sentinel Capital Partners for $3.0 billion in cash, subject to customary adjustments. The company said NSI, a provider of electrical fittings, connectors, components, and wire management products, will strengthen its Electrical Solutions segment. The purchase price represents about 15.5 times the anticipated 2026 EBITDA. Hubbell expects the deal to be a…
Hubbell to Acquire NSI for $3B, Expanding Electrical Solutions Portfolio
Utility and electrical solutions manufacturer Hubbell has reached an agreement to acquire electrical components supplier NSI Industries for $3 billion, the company announced May 4. Shelton, CT-based Hubbell said the deal will strengthen its position across electrical and utility end markets by expanding its portfolio of infrastructure-related products. NSI — currently owned by private equity firm Sentinel Capital Partners — manufactures electric…
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