Beckwith Electric Company Acquired By Hubbell Utility Solutions
February 8, 2021– England Securities is pleased to announce that it recently served as the exclusive financial advisor to Beckwith Electric Co., Inc. in its sale to the Hubbell Utility Solutions division of Hubbell Incorporated (NYSE: HUBB). Beckwith Electric is a premier manufacturer of protection and control products for electric utility and industrial markets world-wide. Designed and manufactured in Largo, Florida, Beckwith’s technology solutions are key elements in the rapidly growing market for advanced distribution automation infrastructure and the integration of distributed energy resources among leading electric utilities.
The acquisition of Beckwith enhances Hubbell’s overall existing product portfolio and increases its capabilities in advanced distribution automation technology sold to utility customers. Beckwith is the first acquisition of Hubbell’s new Utility Solutions business unit, focused on protection and control in the utility market.
This transaction represents the fifth transaction in the utility products market for England Securities since November 2019.
About England & Company
England & Company is a leading independent investment bank that provides strategic advice on mergers and acquisitions, recapitalizations and restructurings, and capital markets transactions to owners, executives, and boards of directors of domestic and international companies. The firm’s clients include leading companies in the Business Services, Energy & Industrial Growth, Healthcare, and Technology markets. Founded in 2003, England serves its clients through offices in Houston, New York, and Washington, DC.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.