Hubbell Incorporated Completes Acquisition of DMC Power

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

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 $600 million and issuances of commercial paper.

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 $5.6 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT.

Contact
Dan Innamorato

VP Investor Relations

FAQ

What is the value of Hubbell's acquisition financing for DMC Power?

Hubbell financed the acquisition through a $600 million unsecured term loan facility and commercial paper issuances.

What does DMC Power bring to Hubbell's business operations?

DMC Power brings connector technology systems for high voltage power infrastructure, two manufacturing facilities (in Carson, CA and Olive Branch, MS), multiple distribution facilities across North America, and over 350 employees.

Who was the previous owner of DMC Power before Hubbell's acquisition?

DMC Power was previously owned by an affiliate of Golden Gate Capital before being acquired by Hubbell.

How many employees and facilities does DMC Power have?

DMC Power has over 350 employees and operates two manufacturing facilities in Carson, CA and Olive Branch, MS, plus multiple distribution facilities across North America.

What is DMC Power's main business focus?

DMC Power is a designer and manufacturer of connector technology systems specifically for high voltage power infrastructure.