NSI Industries Acquired by Hubbell | Industrials M&A Deal

Hubbell has acquired NSI Industries, a industrial distribution business in Connecticut, for $3 billion. Hubbell acquires NSI Industries to expand electrical fittings, connectors, components, and wire management offerings across industrial, infrastructure, and commercial end markets. NSI Industries supplies more than 15,000 branded electrical products through 2,000+ North American distributors, supporting datacenter, network infrastructure, and light industrial applications. This platform acquisition is part of Hubbell acquisitions and industrials M&A, with expected accretion to adjusted EPS in 2026 and a valuation of about 15.5x anticipated 2026 EBITDA. Hubbell is financing the strategic acquisition with cash on hand plus debt and committed bridge financing, targeting a mid-2026 close subject to regulatory approvals.