Hubbell Incorporated

“Most notably, we closed on a high-growth and margin acquisition in DMC Power.”

Hubbell closed its acquisition of DMC Power, a high-growth, high-margin business serving the substation/grid-infrastructure space.

“we've been successfully operating an acquisition since the first quarter of '25 and Ventev provides solutions that power, protect and connect wireless networks.”

Ventev, acquired in Q1 2025, is being integrated into Hubbell's Electrical Solutions segment, supporting inorganic growth in wireless network infrastructure products.

“We announced at the beginning of October, the closing of our acquisition of DMC Power. We are very excited to add DMC to Hubbell's portfolio as the business is highly complementary to our utility connector product offerings and provides a unique technical solution in high-growth substation markets.”

Hubbell closed its acquisition of DMC Power, a high-margin substation connector business expected to add roughly $0.20 of EPS accretion in 2026, signaling continued private-market roll-up in utility connectors.

“largely organic, but there was a small contribution from the Ventev acquisition, which you'll remember, which is wireless infrastructure products.”

Hubbell's Electrical segment sales growth included a small contribution from the previously completed Ventev (wireless infrastructure products) acquisition.

“a private company in Chicago called MacLean Power Systems”

Management rounds out its list of main T&D competitors with privately held MacLean Power Systems.

“Thomas & Betts, which is now inside of ABB, which is a direct competitor”

Management names ABB's Thomas & Betts business as a direct competitor in the utility T&D space, alongside Eaton.

“the Cooper division of Eaton is a head-to-head competitor”

Asked to name Hubbell's main T&D competitors, management identifies Eaton's Cooper division as a direct head-to-head rival in utility transmission and distribution products.