08:10 AM EDT, 05/04/2026 (MT Newswires) -- Hubbell (HUBB) agreed to acquire NSI Industries, a portfolio company of Sentinel Capital Partners, for about $3 billion in cash in a deal expected to strengthen its electrical solutions portfolio, the company said Monday.

The company expects the deal to be accretive to adjusted earnings per share in 2026 and to improve operating margins in its Hubbell Electrical Solutions segment.

The transaction, valued at about 15.5 times anticipated 2026 earnings before interest, taxes, depreciation, and amortization, will be funded using a combination of cash on hand and debt, it added.

The deal is expected to close in mid-2026.