HUBB News & Events

Sentinel Capital Partners to sell NSI Industries to Hubbell for $3B

Sentinel Capital Partners announced it has signed a definitive agreement to sell NSI Industries, a manufacturer and supplier of branded electrical products, to Hubbell (HUBB) for $3B. Following Sentinel's 2024 acquisition of NSI, the firm executed a key strategic initiative by divesting NSI's HVAC division to Lennox International (LII) for approximately $550M. This repositioned NSI as a pure-play manufacturer of branded electrical products, enabling greater operational focus and unlocking significant value.

Hubbell announced it has entered into a definitive agreement to acquire NSI Industries for $3B in cash, subject to customary adjustments. NSI anticipates 2026 revenue of approximately $570M. Hubbell expects the acquisition to be accretive to adjusted EPS in 2026. The transaction is anticipated to close in mid-2026, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval. Hubbell plans to finance the transaction with a combination of cash on hand and debt and has obtained fully committed bridge financing subject to the agreed-upon terms and conditions among the foregoing parties and Hubbell.