Hubbell completes $3.0B cash acquisition of NSI Industries

HUBBELL INC

Acquired all outstanding stock of NSI Industries for $3.0 billion in cash, subject to customary adjustments.
Financed with $900M term loan, $1.9B senior notes, and commercial paper issuances.
NSI is a provider of over 15,000 electrical fittings, connectors, components and wire management products.
NSI brands include Bridgeport fittings, Polaris connectors and Tork timers; headquartered in Huntersville, NC.
NSI sells through over 2,000 distributors across North America.

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