Hubbell Announces Sale of Residential Lighting Business
January 11, 2024 Hubbell Incorporated announced the execution of a definitive agreement to sell its Residential Lighting business to Kingswood Capital Management, LP, for a cash purchase price of $131 million, subject to customary adjustments. The business sells indoor and outdoor lighting solutions and is expected to generate approximately $190 million in sales in 2023. “This transaction reflects our ongoing…



