Monitor HSR clearance timeline; deal is expected to close in mid-2026 with no obvious antitrust hurdles given complementary product lines. Watch for any integration updates and second-quarter earnings commentary on the financing plan.
Price Chart
Executive Summary
Hubbell has agreed to acquire NSI Industries, a provider of electrical fittings and wire management products, for $3.0 billion in cash. The transaction, expected to close in mid-2026, will be financed with cash on hand and committed bridge debt, and is projected to be accretive to adjusted EPS in 2026 with NSI's anticipated ~$570M revenue and ~15.5x EBITDA multiple.
Key Financial Metrics
Key Facts
- Purchase price: $3.0 billion in cash, subject to customary adjustments
- NSI 2026 anticipated revenue: ~$570 million
- Purchase price represents ~15.5x anticipated 2026 EBITDA
- Transaction expected to close in mid-2026, subject to HSR and other conditions
- Hubbell has committed $2.8 billion bridge financing from JPMorgan, Bank of America, and HSBC
- Termination fee of $150 million payable by Hubbell in certain antitrust-related termination scenarios
Financial Impact
$3.0 billion cash acquisition; NSI's $570M revenue adds ~10% to Hubbell's $5.8B 2025 revenue; expected accretive to adjusted EPS in 2026
Risk Factors
- Regulatory delay or antitrust challenge under HSR Act
- Integration risk and failure to realize expected synergies
- Increased leverage from debt financing may pressure credit rating or interest costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-204099 |
| Document: d133302d8k.htm | 0001193125-26-204099 |
| Document: d133302dex991.htm | 0001193125-26-204099 |
| Document: 0001193125-26-204099-index-headers.html | 0001193125-26-204099 |
| Document: 0001193125-26-204099-index.html | 0001193125-26-204099 |
| Document: 0001193125-26-204099.txt | 0001193125-26-204099 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $483.66 $464.19 | ▼ −4.03% | ▼ −7.41% | $474.36 (−1.92%) |
Jul 28, 2026 9w ago | Press Release | $483.66 $464.19 | ▼ −4.03% | ▼ −7.41% | $474.36 (−1.92%) |
Jul 24, 2026 9w ago | Press Release | $486.09 $470.03 | ▼ −3.30% | ▼ −6.93% | $474.36 (−2.41%) |
Jun 9, 2026 16w ago | 8-K | $467.59 $485.41 | ▲ +3.81% | ▲ +0.19% | $474.36 (+1.45%) |
Jun 8, 2026 16w ago | 8-K | $486.47 $478.89 | ▼ −1.56% | ▼ −3.00% | $474.36 (−2.49%) |
May 4, 2026 21w ago | 8-K | $507.48 $480.46 | ▼ −5.33% | ▼ −10.28% | $474.36 (−6.53%) |
Apr 24, 2026 23w ago | Press Release | $552.88 $460.98 | ▼ −16.62% | ▼ −20.65% | $474.36 (−14.20%) |
Apr 13, 2026 24w ago | Press Release | $545.17 $490.16 | ▼ −10.09% | ▼ −16.39% | $474.36 (−12.99%) |
Mar 23, 2026 27w ago | DEFA14A | $505.58 $547.58 | ▲ +8.31% | ▼ −0.59% | $474.36 (−6.18%) |
Mar 5, 2026 30w ago | Press Release | $475.95 $494.09 | ▲ +3.81% | ▲ +7.60% | $474.36 (−0.33%) |
US Market Status
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