Hubbell to acquire Systems Control from Comvest Partners for $1.1bn.

Hubbell, a company that designs, manufactures, and sells electrical and electronic products, agreed to acquire Systems Control, a manufacturer of substation control and relay panels, from Comvest Partners, a middle market private equity and credit investment firm, for $1.1bn. “This acquisition enhances Hubbell Utility Solutions’ industry-leading franchise across utility components, communications and controls. Systems Control has a strong track record of financial performance and is highly complementary to Hubbell’s portfolio, enabling us to deliver additional value to our core utility customers while enhancing our overall growth and margin profile for shareholders," Gerben Bakker, Hubbell Chairman, President and CEO.