Hubbell Incorporated Completes Acquisition of DMC Power
Hubbell (NYSE: HUBB) has successfully completed its acquisition of DMC Power from Golden Gate Capital's affiliate.
Sentiment and the balance of points
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Rhea-AI Summary
Hubbell (NYSE: HUBB) has successfully completed its acquisition of DMC Power from Golden Gate Capital's affiliate. The acquisition was financed through a combination of a $600 million unsecured term loan facility and commercial paper issuances.
DMC Power specializes in designing and manufacturing connector technology systems for high voltage power infrastructure. The company operates with over 350 employees across two manufacturing facilities in Carson, CA and Olive Branch, MS, along with multiple distribution centers throughout North America.
Positive
- Strategic expansion into high voltage power infrastructure sector
- Addition of two manufacturing facilities and multiple distribution centers across North America
- Integration of over 350 skilled employees enhancing operational capabilities
- Strengthening of connector technology systems portfolio
Negative
- Significant debt increase with $600 million term loan facility
- Additional leverage from commercial paper issuances
- Integration costs and risks associated with merging operations
Details
News Market Reaction – HUBB
On Oct 2, the first trading day after this news, HUBB closed 1.64% below the previous close.
Data tracked by StockTitan Argus for the Oct 2 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shelton, CT, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that it has completed its acquisition of DMC Power, LLC (“DMC Power”) from an affiliate of Golden Gate Capital. Hubbell financed the acquisition and related transactions with net proceeds from borrowings under a new unsecured term loan facility in the aggregate principal amount of
DMC Power is a designer and manufacturer of connector technology systems for high voltage power infrastructure with over 350 employees and two manufacturing facilities in Carson, CA and Olive Branch, MS, along with multiple distribution facilities located across North America.
About Hubbell
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2024 revenues of
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Dan Innamorato
VP Investor Relations
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