Mergers & Acquisitions ·
Stanley Black & Decker announced an agreement to sell its Excel Industries subsidiary, which manufactures…
SWKStanley Black & Decker, Inc.
Stanley Black & Decker announced an agreement to sell its Excel Industries subsidiary, which manufactures professional-grade ride-on and zero-turn mowers under the Hustler brand, to Bad Boy Mowers JV Acquisition, LLC. The transaction, dated September 1, 2026, involves assets expected to generate approximately $300 million in FY 2026 revenue. Proceeds will support the company's strategy to refine its portfolio and focus on high-growth opportunities within its Outdoor business segment. The deal is subject to regulatory approvals and customary closing conditions. Stanley Black & Decker operates as a global leader in tools, storage, and outdoor products.