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Hubbell Incorporated Completes Acquisition of DMC Power
Globenewswire· 2025-10-01 20:05
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 ...