Hubbell Incorporated (NYSE: HUBB) has completed its acquisition of NSI Industries, expanding its portfolio of electrical products and strengthening its position in the North American electrical infrastructure market.
The company announced Tuesday that the transaction has officially closed, bringing NSI Industries and its portfolio of more than 15,000 electrical products under Hubbell’s ownership.
NSI Industries is a leading manufacturer and supplier of electrical fittings, connectors, wire management solutions, and related components. The company serves more than 2,000 distributors across North America and owns several well-known industry brands, including Bridgeport fittings, Polaris connectors, and Tork timers.
To finance the acquisition, Hubbell utilized a combination of debt financing sources. The company funded the transaction through proceeds from a new unsecured term loan facility totaling $900 million, along with the issuance of $1.9 billion in senior notes and additional commercial paper borrowings.
The acquisition is expected to broaden Hubbell’s product offerings and enhance its presence across key electrical and utility markets. Industry analysts often view acquisitions of established product manufacturers as a way for companies to expand distribution networks, deepen customer relationships, and increase exposure to growing infrastructure and electrification trends.
NSI Industries is headquartered in Huntersville, North Carolina, and has built a strong reputation through its portfolio of electrical products used in residential, commercial, and industrial applications.
Hubbell, headquartered in Shelton, Connecticut, manufactures utility and electrical solutions designed to support critical infrastructure systems. The company reported revenue of approximately $5.8 billion in 2025 and serves customers across utility, communications, industrial, and construction markets.
The completion of the NSI acquisition marks one of Hubbell’s largest recent strategic investments as the company continues to expand its capabilities and product portfolio in the electrical equipment sector.
Management has not disclosed additional financial terms beyond the previously announced financing arrangements, but the transaction is expected to further strengthen Hubbell’s long-term growth strategy in electrical and infrastructure markets.