On Monday, Hubbell Incorporated (NYSE:HUBB) said it has agreed to acquire NSI Industries from Sentinel Capital Partners for $3.0 billion in cash, subject to customary adjustments.

The company said NSI, a provider of electrical fittings, connectors, components, and wire management products, will strengthen its Electrical Solutions segment.

The purchase price represents about 15.5 times the anticipated 2026 EBITDA. Hubbell expects the deal to be accretive to adjusted earnings per share in 2026.

NSI expects approximately $570 million in revenue in 2026. Hubbell said the acquisition should also support adjusted operating margins within its Electrical Solutions segment.

Management Commentary

Gerben Bakker, chairman, president and CEO, said the deal adds a fast-growing business that strengthens Hubbell's Electrical Solutions segment.

He noted that NSI's complementary products and strong brands align with rising demand driven by electrification trends, particularly in areas such as light industrial, data centers and network infrastructure.

He added that the acquisition supports Hubbell's long-term strategy to expand its critical infrastructure offerings for core electrical and utility customers.

Financing and ...