Hubbell Inc Acquires DMC Power, LLC

By Greg Peters • Thursday, October 02 15:34 • Permanent Link

Hubbell Incorporated has recently completed the acquisition of DMC Power, LLC from an affiliate of Golden Gate Capital. The acquisition was financed 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. The company has over 350 employees and two manufacturing facilities in Carson, CA and Olive Branch, MS, along with multiple distribution facilities located across North America.

Hubbell Incorporated, a leading manufacturer of utility and electrical solutions, reported 2024 revenues of $5.6 billion. The company's solutions aim to electrify economies and energize communities, and its corporate headquarters is located in Shelton, CT.

This acquisition marks a significant expansion for Hubbell Incorporated, allowing the company to enhance its capabilities in providing critical infrastructure solutions and further strengthening its position in the market. Today the company's shares have moved -1.74% to a price of $422.97. Check out the company's full 8-K submission here.

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