Hubbell to acquire NSI Industries for $3.0B cash; ~15.5x 2026 EBITDA

HUBBELL INC

Purchase price $3.0B in cash (subject to customary adjustments); ~15.5x NSI's anticipated 2026 EBITDA.
NSI expects ~$570M revenue in 2026; deal accretive to Hubbell adjusted EPS in 2026.
Transaction financed with cash on hand and debt; $2.8B bridge loan committed by JPMorgan, BofA, HSBC.
Anticipated close mid-2026; subject to HSR and customary conditions; $150M termination fee if antitrust fails.
NSI adds electrical fittings, connectors, wire management products; complements Hubbell Electrical Solutions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HUBBELL INC entered into Agreement with NSI Electrical Buyer, Inc., NSI Buyer, LP valued at $3.0 billion in cash (effective 2026-05-01).

Action: entry
Agreement: merger
Counterparty: NSI Electrical Buyer, Inc., NSI Buyer, LP
Value: $3.0 billion in cash
Effective: 2026-05-01

Exact text from the filing

☐ ITEM 1.01 Entry into a Material Definitive Agreement. On May 1, 2026, Hubbell Incorporated, a Connecticut corporation, and Hubbell Incorporated (Delaware), a Delaware corporation and wholly-owned subsidiary of Hubbell Incorporated, entered into a Stock Purchase Agreement (the “Agreement”), by and among Hubbell Incorporated (Delaware), NSI Electrical Buyer, Inc., a Delaware corporation (the “Company”), NSI Buyer, LP, a Delaware limited partnership (“Seller”), and Hubbell Incorporated, as parent guarantor (together with Hubbell Incorporated (Delaware), “Hubbell”).

View on SEC.gov

Browse all material agreements →

HUBBELL INC filing history →

Source: SEC EDGAR

accession 0001193125-26-204099

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.