Hubbell agreed on 4 May 2026 to acquire NSI Industries from Sentinel Capital Partners for $3.0bn in cash.
Why Hubbell Incorporated is buying NSI Industries
Hubbell chief executive Gerben Bakker said NSI's products complemented its Electrical Solutions segment in light industrial, data-centre and network infrastructure markets. Hubbell expected NSI's margins to be accretive to the segment and the deal to add to adjusted earnings per share in 2026.
Deal terms and financing
The $3.0bn price represents about 15.5 times NSI's expected 2026 EBITDA; NSI anticipated revenue of about $570m in 2026. Hubbell arranged committed bridge financing from JPMorgan, Bank of America and HSBC.
Regulatory approvals and timing
Hubbell completed the acquisition on 9 June 2026, funding it with a new $900m unsecured term loan, $1.9bn of senior notes and commercial paper.
Market context
NSI sells more than 15,000 branded electrical products, including Bridgeport fittings, Polaris connectors and Tork timers, through over 2,000 North American distributors.
