Hubbell announced it has entered into a definitive agreement to acquire NSI Industries, a provider of electrical fittings, connectors, components, and wire management products, for $3 billion in cash. The transaction is expected to strengthen Hubbell’s Electrical Solutions portfolio and expand its presence across industrial, infrastructure, and commercial end markets.
The company said the acquisition aligns with electrification megatrends driving growth across the electrical industry and will add complementary products and industry-leading brands serving areas including light industrial, datacenter, and network infrastructure applications.
Hubbell said NSI anticipates approximately $570 million in revenue for 2026, and the company expects the acquisition to be accretive to adjusted earnings per share in 2026. The purchase price represents approximately 15.5 times anticipated 2026 EBITDA.
The transaction is expected to close in mid-2026, subject to customary closing conditions and regulatory approvals. Hubbell plans to finance the acquisition through a combination of cash on hand and debt and has secured committed bridge financing from JPMorgan Chase Bank, Bank of America, and HSBC Bank USA.
NSI Industries manufactures and supplies more than 15,000 branded electrical products distributed through more than 2,000 distributors across North America. Its portfolio includes brands such as Bridgeport fittings, Polaris connectors, and Tork timers.
Hubbell, headquartered in Shelton, Connecticut, reported 2025 revenue of $5.8 billion and focuses on utility and electrical solutions supporting critical infrastructure operations.
KEY QUOTES:
“We are excited to add a high growth business in NSI to Hubbell’s Electrical Solutions portfolio. As electrification megatrends drive attractive growth across the electrical industry over the next several years, NSI offers highly complementary products and industry-leading brands to our HES portfolio across strategic growth verticals including light industrial, datacenter and network infrastructure applications. The acquisition of NSI fits clearly with our long-term strategy to grow our offering of critical infrastructure solutions to our core electrical and utility customers.”
Gerben Bakker, Chairman, President And CEO, Hubbell
“NSI has demonstrated strong organic growth in line with higher growth areas of our HES portfolio over the last several years, and its operating margins are expected to be accretive to the segment. As we continue accelerating our successful segment unification strategy over the next several years, we are confident that the addition of a high growth business in NSI will provide enhanced opportunities for cross-selling, channel conversions, growth across strategic verticals and manufacturing efficiencies.”
Mark Mikes, President, Hubbell Electrical Solutions
