---
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"
generated_at: "2026-06-09T06:18:03.511908+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hubbell to acquire Systems Control for $1.1B in cash; ~12x projected 2024 EBITDA

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-266285
- JSON: https://secwatch.observer/filing/0001193125-23-266285.json
- Plain text: https://secwatch.observer/filing/0001193125-23-266285.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Northern Star Parent Holdings, LLC
  - Value: Aggregate purchase price of $1.1 billion in cash for acquisition of Systems Control Business
  - Effective: 2023-10-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/48898/000119312523266285/0001193125-23-266285-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.