{"id":10830,"date":"2023-12-13T07:55:30","date_gmt":"2023-12-13T07:55:30","guid":{"rendered":"https:\/\/www.emr-online.com\/hubbell-hubbell-incorporated-completes-acquisition-of-systems-control\/"},"modified":"2023-12-13T07:55:30","modified_gmt":"2023-12-13T07:55:30","slug":"hubbell-hubbell-incorporated-completes-acquisition-of-systems-control","status":"publish","type":"post","link":"https:\/\/www.emr-online.com\/hubbell-hubbell-incorporated-completes-acquisition-of-systems-control\/","title":{"rendered":"Hubbell – Hubbell Incorporated Completes Acquisition of Systems Control"},"content":{"rendered":"

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Hubbell Incorporated Completes Acquisition of Systems Control<\/strong><\/h1>\n

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Shelton, CT, Dec. 12, 2023 (GLOBE NEWSWIRE) — Hubbell Incorporated (NYSE: HUBB) (\u201cHubbell\u201d) today announced that it has completed its acquisition of Northern Star Holdings, Inc. (commercially known as Systems Control), a portfolio company of Comvest Partners. 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, cash on hand, and issuances of commercial paper.<\/p>\n

Systems Control is a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. These highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity.<\/p>\n

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Source<\/span>Hubbell<\/span>[vc_icon class=’fntasm’ icon_fontawesome=’fas fa-external-link-alt’]<\/a><\/h5>\n

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EMR Analysis<\/strong><\/h4>\n

More information on HUBBELL:<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on Gerben W. Bakker (Chairman, President and Chief Executive Officer, HUBBELL): <\/strong>See the full profile on EMR Executive Services<\/a><\/p>\n

More information on William R. Sperry (Executive Vice President and Chief Financial Officer, HUBBELL):<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on Greg Gumbs (President, Utility Solutions Segment, Hubbell):<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

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More information on Northern Star Holdings, Inc. (commercially known as Systems Control) by Hubbell:<\/strong> https:\/\/www.systemscontrol.com\/<\/a> + Systems Control is a steadfast partner to utilities, ensuring the quality and reliability of the grid since 1962.<\/p>\n

Systems Control is a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. These highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity.<\/p>\n

Systems Control designs and manufactures customized, turnkey systems that protect, transmit and distribute energy from source to grid to consumer.<\/p>\n

Our approach is simple: design, optimize, manufacture, and integrate the highest-quality, most cost-effective solution possible. From initial concept to final delivery, we perform every step of our process in house, and under one roof. And from introduction to installation, we work hand-in-hand with our customers, assigning dedicated teams to better understand their needs and ensure quality results that exceed expectations.<\/p>\n

We\u2019re proud of the role we play in bringing energy to those who need it. We bring positive energy and passion to every challenge. But we don\u2019t just do it with connectors and wires. Our most compelling connections are the relationships we build with our employees, suppliers, customers, and community.<\/p>\n

One roof. One goal. Extraordinary customer service that\u2019s powered by people.<\/p>\n