M&A Deal Summary

Hubbell Acquires Beckwith Electric

On February 2, 2021, Hubbell acquired electrical equipment company Beckwith Electric

Acquisition Highlights
  • This is Hubbell’s 7th transaction in the Electrical Equipment sector.
  • This is Hubbell’s 9th transaction in the United States.
  • This is Hubbell’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-02-02
Target Beckwith Electric
Sector Electrical Equipment
Buyer(s) Hubbell
Deal Type Add-on Acquisition
Advisor(s) England & Company (Financial)

Target

Beckwith Electric

Largo, Florida, United States
Beckwith Electric Co. Inc. is a premier manufacturer of protection and control products for electric utility and industrial markets worldwide. Beckwith Electric Co. Inc. was founded in 1967 and is based in Largo, Florida.

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Buyer(S) 1

Buyer

Hubbell

Shelton, Connecticut, United States
Category Company
Founded 1888
Sector Electronics
Employees18,400
Revenue 5.4B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 10 of 12
Sector (Electrical Equipment) 7 of 7
Type (Add-on Acquisition) 9 of 11
State (Florida) 1 of 1
Country (United States) 9 of 11
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 iDevices

Avon, Connecticut, United States

iDevices LLC is a developer of an App-enabled products that incorporate wireless connectivity to the Apple and Android platforms. iDevices Consulting LLC partners with companies, inventors, and developers to App-enable their products and bring new ideas to market in the Apple and Android space. iDevices is based in Avon, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Hubbell - C&I Lighting Business

Greenville, South Carolina, United States

The Hubbell C&I lighting business is a provider of professional lighting, lighting controls, and connected lighting. The business offers a comprehensive range of indoor and outdoor lighting products for industrial, commercial, and institutional applications.

Sell -
Mergr

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