Beckwith Electric has been acquired by Hubbell
February 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.