Hubbell to acquire NSI Industries for $3B in major electrical portfolio expansion

Hubbell (NYSE:HUBB) today announced a definitive agreement to acquire NSI Industries, a leading provider of electrical components and infrastructure solutions, for $3 billion in cash.

The acquisition, which is subject to customary adjustments and regulatory approvals, is expected to close in mid-2026.

The $3 billion purchase price represents approximately 15.5x NSI Industries’ anticipated 2026 EBITDA.

NSI is currently on track to generate approximately $570 million in revenue for the 2026 fiscal year.

Hubbell plans to finance the transaction through a combination of cash on hand and committed bridge debt.

The acquisition of NSI Industries is a strategic move to bolster Hubbell’s Electrical Solutions (HES) segment.

NSI brings a diverse portfolio of connectors, wire management products, and HVAC solutions that complement Hubbell’s existing catalog of electrical and electronic products for residential, commercial, and industrial applications.

Management expects the transaction to be immediately accretive to Hubbell’s adjusted earnings per share (EPS) and to enhance HES adjusted operating margins.

The transaction has been approved by the boards of directors of both companies.

The parties are now working toward satisfying customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.