Hubbell said it entered into a Stock Purchase Agreement on May 1, 2026 to acquire all of the issued and outstanding capital stock of NSI Industries. The total purchase price is $3.0 billion in cash, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses.

1. 01

   Hubbell said it entered into a Stock Purchase Agreement on May 1, 2026 to acquire all of the issued and outstanding capital stock of NSI Industries. The total purchase price is $3.0 billion in cash, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses.

2. 02

   The company said it expects to finance the acquisition with a combination of cash on hand and debt. On May 1, 2026, it entered into a commitment letter with JPMorgan Chase Bank, N.A. and other banks for up to $2,800,000,000 of senior unsecured bridge loans.

3. 03

   The company said closing is subject to customary conditions, including the expiration or termination of the Hart-Scott-Rodino waiting period. If the agreement is terminated because antitrust approvals are not obtained before the Outside Date, Hubbell would pay Seller a termination fee of $150 million.

4. 04

   The company said it expects NSI's 2026 revenue to be about $570 million. It expects the deal to be accretive to adjusted earnings per share in 2026, and said the purchase price is about 15.5x expected 2026 EBITDA.

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