Shelton, CT, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that it has completed its acquisition of DMC Power, LLC (“DMC Power”) from an affiliate of Golden Gate Capital. 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 and issuances of commercial paper. DMC Power is a designer and manufacturer of connector technology systems ...

Group 1 - Edward H. Baine has been elected to the Board of Directors of Hubbell Incorporated, effective August 29, 2025, increasing the total number of Directors to eleven, with ten being independent [1] - Mr. Baine is currently the executive vice president of Utility Operations and president of Dominion Energy Virginia, overseeing operations that serve over four million customer accounts [2] - Hubbell's Chairman, President, and CEO, Gerben Bakker, emphasized that Mr. Baine's extensive expertise in the utility industry and operational leadership will enhance Hubbell's focus on critical infrastructure solutions and long-term shareholder value [3] Group 2 - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, with 2024 revenues reported at $5.6 billion, aimed at enabling safe, reliable, and efficient operation of critical infrastructure [4]