On October 1, 2025, Hubbell announced the completion of its acquisition of DMC Power, LLC, a designer and manufacturer of connector technology systems for high‑voltage power infrastructure. The deal was financed with net proceeds from a new unsecured term loan facility of $600 million and issuances of commercial paper.
DMC Power operates two manufacturing facilities in Carson, CA, and Olive Branch, MS, and employs more than 350 people. Its product line includes high‑voltage connectors and tooling that support utility substation and transmission markets, aligning with Hubbell’s Utility Solutions strategy.
The acquisition adds significant manufacturing capacity and a skilled workforce to Hubbell’s U.S. footprint, strengthening its position in the growing grid modernization and electrification markets. The financing structure provides liquidity while expanding Hubbell’s high‑voltage product portfolio, supporting long‑term growth in utility infrastructure.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.