Hubbell Utility Solutions, a division of Hubbell Incorporated, has announced the acquisition of Beckwith Electric.
Beckwith Electric is a manufacturer of protection and control products for electric utility and industrial markets worldwide.
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 is expected to enhance Hubbell's overall existing product portfolio and its capabilities in advanced distribution automation technology sold to utility customers.
Beckwith Electric was advised in the sale by the independent investment banking and advisory boutique England & Company, dedicated to serving middle-market companies.
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.
