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.
"We are extremely pleased to have partnered with England & Company for this transaction," said Dr. Murty Yalla, President of Beckwith Electric. "The England team went above and beyond our expectations to get this transaction completed in a timely manner and to deliver the best outcome for shareholders. England's team was instrumental in helping Beckwith find the right partner and negotiating the terms of the transaction. The acquisition by Hubbell Utility Solutions will help Beckwith to continue to grow, innovate, and expand."
This transaction represents the fifth transaction in the utility products market for England Securities over the past twelve months.
For more information regarding England Securities advisory capabilities and transaction experience in Power, Infrastructure, and Industrial Growth please contact our team.