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Mergers & AcquisitionsMediumUpdated×2•Originally published 4 May 2026•Updated 6 May 2026•

1 min read

Hubbell to Acquire NSI Industries for $3 Billion to Expand Electrical Portfolio

Key Facts

1Hubbell Incorporated announced a definitive agreement to acquire NSI Industries for $3.0 billion in cash.

2The transaction is expected to be accretive to Hubbell's adjusted EPS in 2026.

28 days ago

Version History

1 additional source confirmed this story

Version 228 days ago

What changed: The story was updated to identify Sentinel Capital Partners as the seller and to include Hubbell Incorporated's NYSE ticker (HUBB).

Version 1about 1 month ago

What changed: Identified the seller as Sentinel Capital Partners and clarified the strategic focus on utility sector infrastructure.

Hubbell Incorporated (NYSE: HUBB) has announced a definitive agreement to acquire NSI Industries for $3.0 billion in an all-cash transaction. Sentinel Capital Partners confirmed it has signed the agreement to sell NSI, a move designed to bolster Hubbell's electrical solutions and utility infrastructure portfolio. The deal will be financed through a combination of cash on hand and new debt, representing a multiple of approximately 15.5x anticipated 2026 EBITDA. Management expects the transaction to be accretive to Hubbell's adjusted earnings per share (EPS) starting in 2026. By integrating NSI Industries, Hubbell aims to capture long-term organic growth and leverage attractive financial synergies. The acquisition underscores Hubbell's commitment to expanding its market presence through high-margin, complementary business segments within the utility and electrical sectors.