Hubbell - M&A Summary and Business Overview

ElectronicsCompany

Hubbell M&A Summary

Hubbell has acquired 14 companies, including 5 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 assets.

Hubbell’s largest acquisition to date was in 2023, when it acquired Northern Star Holdings for $1.1B. Hubbell has acquired in 10 different US states, and 2 countries. The Company’s most targeted sectors include electrical equipment (59%) and manufacturing (17%).

Hubbell Business Overview

Where is Hubbell headquartered?

Hubbell is headquartered in Shelton, Connecticut.

What is Hubbell’s revenue?

Hubbell disclosed revenue of 5,373M USD for 2023 and 4,948M USD for 2022.

How many employees does Hubbell have?

Hubbell has 18,400 employees.

What sector is Hubbell in?

Hubbell is an electronics company.

When was Hubbell founded?

Hubbell was founded in 1888.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity12
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 11
  • M&A Advisors 2

Hubbell

Hubbell, Inc.

40 Waterview Drive,
Shelton, Connecticut 06484
United States,
(475) 882-4000
www.hubbell.com

Hubbell is a manufacturer of electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. Hubbell was founded in 1888 and is based in Shelton, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 9 - 1 1 1 - 12
vol $77M $1.1B $1.2B
Sell (0.4/yr) # 1 - 1 - - 1 3
  15

Most Recent M&A

Company Date Value Type
Progress Lighting LLC 2024-02-12 - Divestiture
Greenville, South Carolina · www.progresslighting.com
Northern Star Holdings, Inc. 2023-10-30 1.1B USD Add-on Acquisition
Iron Mountain, Michigan · www.systemscontrol.com
Ripley Tools LLC 2022-07-28 - Add-on Acquisition
Cromwell, Connecticut · www.ripley-tools.com
Hubbell - C&I Lighting Business 2021-10-26 - Divestiture
Greenville, South Carolina
Beckwith Electric Co. Inc. 2021-02-02 - Add-on Acquisition
Largo, Florida · www.beckwithelectric.com
iDevices LLC 2017-04-25 - Add-on Acquisition
Avon, Connecticut · www.idevicesinc.com
R.W. Lyall & Co., Inc. 2016-01-19 - Add-on Acquisition
Corona, California · www.rwlyall.com
Litecontrol Corp. 2014-04-06 - Add-on Acquisition
Plympton,, Massachusetts · www.litecontrol.com
Hubbell Lighting, Inc. 2013-07-15 - Divestiture
Greenville, South Carolina · www.hubbelllighting.com
Continental Industries, Inc. 2013-01-25 - Divestiture
Tulsa, Oklahoma · www.conind.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Hubbell Power Systems, Inc.    - Aclara Technologies LLC 2017-12-26 7
Columbia, South Carolina · www.hubbellpowersystems.com Hazelwood, Missouri · www.aclara.com
Hubbell Power Systems, Inc.    - PCORE Electric Co., Inc. 2007-10-03 6
Columbia, South Carolina · www.hubbellpowersystems.com Leroy, New York · www.pcoreelectric.com

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 7 (58%) 77M (7%) - -
Manufacturing 2 (17%) 1.1B (93%) - -
Electronics - - 2 (67%) -
Chemicals 1 (8%) - - -
Energy Services and Equipment 1 (8%) - - -
Technology Hardware 1 (8%) - - -
Consumer Products - - 1 (33%) -
Total 12 $1.2B 3 -

By Geo

State/Country Buy Value Sell Value
United States 11 1.2B 3 -
  South Carolina - - 3 -
  Connecticut 2 - - -
  Colorado 1 10M - -
  California 1 - - -
  Arizona 1 - - -
  Virginia 1 11M - -
  Oklahoma 1 - - -
  Michigan 1 1.1B - -
  Massachusetts 1 - - -
  Illinois 1 56M - -
  Florida 1 - - -
United Kingdom 1 - - -
Domestic 11 (92%) 1.2B (100%) 3 (100%) -
Cross-border 1 (8%) - - -
Total 12 $1.2B 3 -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 1

Deal Values

buy # Total
> $1B 1 $1.1B
< $100M 3 $77M
TOTAL $1.2B
Largest Northern Star Holdings, Inc.
$1.1B (2023-10-30)

M&A Connections

Deals
Acquired from
Investor(s)
33%
4 (33%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Electronics

Revenue

5,373   9% 2023
4,948   18% 2022
4,194   14% 2021
3,683   20% 2020
4,591   3% 2019
4,482   23% 2018
3,669   5% 2017
3,505   4% 2016
3,390   1% 2015
3,359   6% 2014
3,183   5% 2013
3,044   2012
(millions of USD) Show More Show Less

Employees

18,400

Established

1888

Public

NYSE: HUBB

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