On the Record · Hubbell
Hubbell acquisitions, on the record
The businesses Hubbell bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Northern Star Holdings, Inc. (Systems Control)Word for word“On December 12, 2023 the Company acquired Northern Star Holdings, Inc. ("Systems Control") for approximately $1.1 billion, net of cash acquired, subject to customary purchase price adjustments (the "Systems Control Acquisition").” 10-K for 2023 | acquisition | On December 12, 2023 | approximately $1.1 billion, net of cash acquired |
Indústria Eletromecânica Balestro Ltda. (Balestro)Word for word“In October 2023, the Company acquired all of the issued and outstanding membership interests of Indústria Eletromecânica Balestro Ltda. ("Balestro") for a cash purchase price of approximately $88 million, net of cash acquired, subject to customary purchase price adjustments.” 10-K for 2023 | acquisition | In October 2023 | approximately $88 million, net of cash acquired |
El Electronics LLC (EIG)Word for word“In May 2023, the Company acquired all of the issued and outstanding membership interests of El Electronics LLC ("EIG") for a cash purchase price of approximately $60 million, net of cash acquired, subject to customary purchase price adjustments.” 10-K for 2023 | acquisition | In May 2023 | approximately $60 million, net of cash acquired |
Commercial and Industrial Lighting business (C&I Lighting business)Word for word“On February 1, 2022, the Company completed the sale of the Commercial and Industrial Lighting business (the "C&I Lighting business") to GE Current, a Daintree Company.” 10-K for 2023 | divestiture | On February 1, 2022 | — |
Commercial and Industrial Lighting businessWord for word“On February 1, 2022, the Company completed the sale of the Commercial and Industrial Lighting business (the “ C&I Lighting business ” ) to GE Current, a Daintree Company.” 10-K for 2024 | divestiture | On February 1, 2022 | — |
residential lighting businessWord for word“That change was driven by $122.9 million of cash proceeds in 2024 from the disposition of our residential lighting business as compared to cash used for acquisitions of $1,211.7 million in 2023.” 10-K for 2024 | divestiture | — | $122.9 million of cash proceeds in 2024 from the disposition of our residential lighting business |
Systems ControlWord for word“In connection with the December 2023 acquisition of Systems Control, the Company entered into a Term Loan Agreement (the “ Term Loan Agreement”) with a syndicate of lenders under which the Company borrowed $600 million on an unsecured basis.” 10-K for 2024 | acquisition | December 2023 | — |
Alliance USAcqCo 2, Inc. ("Ventev")Word for word“In the first quarter of 2025, the Company acquired Ventev for approximately $73 million.” 10-K for 2025 | acquisition | In the first quarter of 2025 | approximately $73 million |
Nicor, Inc. ("Nicor")Word for word“In the third quarter of 2025, the Company acquired Nicor for approximately $56 million.” 10-K for 2025 | acquisition | In the third quarter of 2025 | approximately $56 million |
Power Rose Acquisition, Inc. ("DMC Power")Word for word“On October 1, 2025, the Company acquired DMC Power for approximately $829 million, net of cash acquired, subject to customary purchase price adjustments.” 10-K for 2025 | acquisition | On October 1, 2025 | approximately $829 million, net of cash acquired |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $173.4 million | $70 million |
| 2017-12-31 | $184.1 million | $88.5 million |
| 2018-12-31 | $1.12 billion | $708.7 million |
| 2019-12-31 | $70.8 million | $29.4 million |
| 2020-12-31 | $239.6 million | $99.7 million |
| 2021-12-31 | −$100,000 | — |
| 2022-12-31 | $177.1 million | $111.4 million |
| 2023-12-31 | $1.21 billion | $614.7 million |
| 2024-12-31 | −$5.9 million | — |
| 2025-12-31 | $958.3 million | $539.2 million |
Deal filings since 2016
- 2026-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Hubbell’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.