Comvest Partners to Sell Systems Control to Hubbell Inc for Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Private investment firm Comvest Partners has announced a definitive agreement to sell Systems Control to Hubbell Incorporated (NYSE:HUBB), a manufacturer of utility and electrical solutions. The transaction is expected to close by the end of the year. Systems Control, a leading manufacturer of substation control and relay panels, has been a part of Comvest's private equity strategy since 2018.
November 06, 2023 | 12:48 pm
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Hubbell Inc. is set to acquire Systems Control from Comvest Partners. The acquisition could potentially enhance Hubbell's offerings in the utility and electrical solutions sector.
The acquisition of Systems Control, a leading manufacturer in its field, could potentially enhance Hubbell's product portfolio and market position. This could lead to increased revenues and profitability, which may positively impact the company's stock price in the short term.
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