Hubbell’s $825 Million DMC Power Bet: Could This Acquisition Be A Game Changer?

Hubbell Incorporated has been making headlines with a string of strong operational performances and strategic portfolio moves. The company recently reported double-digit adjusted EPS growth in Q2 2025, supported by robust demand in grid infrastructure, sustained momentum in electrical solutions, and continued market tailwinds from grid modernization and electrification. Now, Hubbell is set to add another piece to its growth puzzle: the $825 million all-cash acquisition of DMC Power, a provider of high-voltage connector technology for utility substation and transmission markets. DMC Power brings two U.S.-based manufacturing plants, multiple distribution centers across North America, and an anticipated 2026 revenue of ~$130 million with ~$60 million in EBITDA. Expected to close by the end of 2025, the deal will be financed through a mix of cash and debt and is projected to be accretive to adjusted EPS in 2026. The acquisition could strengthen Hubbell’s market position, operational capabilities, and long-term growth prospects.