Hubbell to acquire NSI Industries for $3B in cash, sees accretion

Hubbell (HUBB) announced it has entered into a definitive agreement to acquire NSI Industries for $3B in cash, subject to customary adjustments. NSI anticipates 2026 revenue of approximately $570M. Hubbell expects the acquisition to be accretive to adjusted EPS in 2026. The transaction is anticipated to close in mid-2026, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval. Hubbell plans to finance the transaction with a combination of cash on hand and debt and has obtained fully committed bridge financing subject to the agreed-upon terms and conditions among the foregoing parties and Hubbell.