{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-266285","form_type":"8-K","ticker":"HUBB","cik":"0000048898","company_name":"HUBBELL INC","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.702305+00:00","generated_at":"2026-06-09T06:18:03.511908+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hubbell to acquire Systems Control for $1.1B in cash; ~12x projected 2024 EBITDA","bullets":["Purchase price $1.1B in cash, subject to net debt/working capital adjustments; implies ~12x projected 2024 EBITDA.","Systems Control (owned by Comvest Partners) estimated 2024 sales ~$400M; makes substation control and relay panels.","Deal enhances Hubbell Utility Solutions portfolio; expected to close by end of 2023, subject to regulatory approval.","Financed with cash on hand and debt; management anticipates adjusted EPS accretion in 2024.","Acquisition targets megatrends in aging infrastructure, grid automation, renewables, and electrification."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-266285","json":"https://secwatch.observer/filing/0001193125-23-266285.json","markdown":"https://secwatch.observer/filing/0001193125-23-266285.md","text":"https://secwatch.observer/filing/0001193125-23-266285.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48898/000119312523266285/0001193125-23-266285-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48898/000119312523266285/d578466d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:18:03.511908+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09724cfd983f2e7a7df24d16632db8aa285998a3","claim":"HUBBELL INC entered into Stock Purchase Agreement with Northern Star Parent Holdings, LLC valued at Aggregate purchase price of $1.1 billion in cash for acquisition of Systems Control Business (effective 2023-10-28).","evidence_excerpt":"On October 28, 2023, Hubbell Incorporated, a Connecticut corporation, and Hubbell Power Systems, Inc., a Delaware corporation and wholly owned subsidiary of Hubbell Incorporated (“HPS”), entered into a Stock Purchase Agreement (the “Agreement”), by and among HPS, Northern Star Parent Holdings, LLC, a Delaware limited liability company (“Seller”), and Hubbell Incorporated, as guarantor (Hubbell Incorporated, collectively with HPS, “Hubbell”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48898/000119312523266285/0001193125-23-266285-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Northern Star Parent Holdings, LLC"},{"label":"Value","value":"Aggregate purchase price of $1.1 billion in cash for acquisition of Systems Control Business"},{"label":"Effective","value":"2023-10-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}