Hubbell said on August 12, 2025 it entered into a definitive agreement to acquire DMC Power, LLC from an affiliate of Golden Gate Capital for $825,000,000 in cash, subject to customary working capital adjustments.

1. 01

   Hubbell said on August 12, 2025 it entered into a definitive agreement to acquire DMC Power, LLC from an affiliate of Golden Gate Capital for $825,000,000 in cash, subject to customary working capital adjustments.

2. 02

   Hubbell plans to finance the transaction with a combination of cash on hand and debt. The company expects the acquisition to close by the end of 2025, subject to the expiration or termination of all waiting periods under the Hart-Scott-Rodino Act and other customary closing conditions.

3. 03

   The company said DMC Power designs and manufactures connector technology systems for high voltage power infrastructure and has over 350 employees and two manufacturing facilities in Carson, CA and Olive Branch, MS. Hubbell said DMC Power anticipates 2026 revenue of approximately $130 million and EBITDA of approximately $60 million.

4. 04

   Hubbell said it expects the acquisition to be accretive to adjusted EPS in 2026. The company said DMC Power's swage connection system complements its existing substation and transmission connector solutions and strengthens its Utility Solutions portfolio.

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