Hubbell Acquires DMC Power for $825 Million

Golden Gate Capital to Acquire Majority Stake in DMC Power from Bridgepoint

June 30, 2023

Manufacturing

Golden Gate Capital has entered into a definitive agreement to acquire a majority equity stake in DMC Power from Bridgepoint; financial terms were not disclosed. DMC Power, a designer and manufacturer of proprietary high-voltage connector systems with manufacturing sites in Carson, California and Olive Branch, Mississippi and a team of over 200 employees, will continue to be led by CEO Tony Ward who remains a significant shareholder.

Dycom Industries to Acquire Power Solutions in $1.95 Billion Deal

November 20, 2025

Industrial Services

Dycom Industries has entered into a definitive agreement to acquire Power Solutions for a total valuation of $1.95 billion. The transaction is expected to close before the end of Dycom’s fiscal year, pending customary approvals, and will expand Dycom’s presence in mission-critical data center infrastructure through Power Solutions’ electrical contracting capabilities.

Mission Critical Group Acquires DVM Manufacturing (DVM Power + Control)

April 24, 2025

Manufacturing

Mission Critical Group (MCG) has acquired DVM Manufacturing, LLC (DVM Power + Control), a manufacturer of low- and medium-voltage electrical distribution equipment. The deal expands MCG’s manufacturing footprint (adding ~350,000 sq ft across PA, GA and CT), strengthens field and aftermarket service capabilities, and adds technical expertise to support data center and industrial power solutions.

Current (GE Current) Acquires Hubbell Commercial and Industrial Lighting Business

October 26, 2021

Industrial Services

GE Current, now branded as Current, entered into a definitive agreement to acquire Hubbell Incorporated’s commercial and industrial (C&I) lighting business. The combined company is intended to create a premier end-to-end lighting solutions business spanning professional lighting, lighting controls, and connected lighting, with closing targeted for the first quarter of 2022 (subject to approvals).

DMC Global Acquires 60% Controlling Interest in Arcadia Inc.

December 17, 2021

Building Products

DMC Global has signed a definitive agreement to acquire a 60% controlling interest in Arcadia Inc. for $282.5 million (cash and stock), with an option to acquire the remaining 40% over three years. The acquisition expands DMC's portfolio into architectural building products and will add Arcadia's ~850 employees and ~$246 million in trailing sales to DMC's operations.

Hubbell Incorporated Acquires Systems Control from Comvest Partners for $1.1 Billion

November 6, 2023

Manufacturing

Hubbell Incorporated agreed to acquire Systems Control (Northern Star Holdings, Inc.), a manufacturer of substation control and relay panels headquartered in Iron Mountain, Michigan, for $1.1 billion in cash. The transaction — previously announced Oct 2023 — closed in December 2023; Systems Control reported estimated 2024 sales of approximately $400 million and was a Comvest Partners portfolio company since 2018.