Mergers & Acquisitions ·
Hubbell Incorporated completed the acquisition of NSI Industries for $3.0 billion in cash
HUBBHubbell Inc
Hubbell Incorporated completed the acquisition of NSI Industries for $3.0 billion in cash. The transaction was funded through a combination of a $900 million unsecured term loan facility, $1.9 billion in senior notes, and commercial paper issuances. NSI Industries provides electrical fittings, connectors, components, and wire management products for industrial, infrastructure, and commercial markets. Hubbell operates in the electrical products industry.