01—Abstract
Summary
Summary of the 8-K filed August 14, 2025. Cited figures are marked; the original filing is the authoritative source.
Hubbell Incorporated (NYSE: HUBB) reported in an 8-K filed August 14, 2025 that on August 12, 2025 it entered into a definitive transaction agreement to acquire DMC Power, LLC from an affiliate of Golden Gate Capital for $825,000,000a in cash, subject to a customary working capital adjustment.
Hubbell plans to finance the deal with a combination of cash on hand and debt. The transaction is expected to close by the end of 2025, subject to expiration or termination of all waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions. The attached press release describes DMC Power as 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. DMC Power anticipates 2026 revenue of approximately $130 millionb and EBITDA of approximately $60 million.
Hubbell expects the acquisition to be accretive to adjusted EPS in 2026. Management frames the deal as an addition to its Utility Solutions portfolio, citing load growth, datacenter interconnection and aging infrastructure as demand drivers. The filing's forward-looking statements caution that closing, synergies and timing could differ materially from expectations.
02—Key points
Key Highlights
- Acquisition of DMC Power, LLC from an affiliate of Golden Gate Capital for $825 million in cash, subject to a customary working capital adjustment
- Financing planned through a combination of cash on hand and debt
- Expected closing by the end of 2025, subject to HSR Act waiting period expiration and other customary closing conditions
- DMC Power anticipates 2026 revenue of approximately $130 million and EBITDA of approximately $60 million
- Hubbell expects the acquisition to be accretive to adjusted EPS in 2026
- DMC Power is a connector technology provider for high voltage power infrastructure with over 350 employees and facilities in Carson, CA and Olive Branch, MS
- Strategic fit with Hubbell's Utility Solutions portfolio, targeting utility substation, transmission and datacenter interconnection demand
03—Questions
Frequently Asked Questions
What is the purchase price and how will Hubbell pay for it?
The purchase price is $825,000,000 in cash, subject to a customary working capital adjustment. Hubbell plans to finance the transaction with a combination of cash on hand and debt.
When is the acquisition expected to close?
The completion is expected by the end of 2025, subject to the expiration or termination of all waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions.
What does DMC Power do and what are its expected financial results?
DMC Power designs and manufactures connector technology systems for high voltage power infrastructure. The press release states it anticipates 2026 revenue of approximately $130 million and EBITDA of approximately $60 million.
What is the expected financial impact on Hubbell?
Hubbell expects the acquisition to be accretive to adjusted EPS in 2026. Adjusted EPS is a non-GAAP measure, and the filing states that reconciliations to GAAP are not available without unreasonable effort.
What risks could prevent the deal from being completed or delivering expected benefits?
The forward-looking statements cite risks including the possibility of regulatory approvals not being received on a timely basis or at all, termination rights under the agreement, integration challenges, synergies not fully materializing, and customer or employee reactions to the announcement.
04—Continue