GE Current’s $350 Million Acquisition of Hubbell Inc.’s Commercial and Industrial Lighting Business

Ropes & Gray advised GE Current, while Wachtell, Lipton, Rosen & Katz advised Hubbell on the deal.

GE Current, a Daintree Company (Current), executed a definitive agreement to acquire Hubbell Inc.’s commercial and industrial (C&I) lighting business for a base cash purchase price of $350 million, subject to customary adjustments. The transaction is expected to close in the first quarter of 2022.

The Hubbell C&I lighting business, based in Greenville, South Carolina, is a leading provider of professional lighting, lighting controls and connected lighting. Current enhances commercial and industrial facilities, cities, greenhouses and all specialty applications with advanced lighting and intelligent controls. 

Morgan Stanley & Co. LLC served as financial advisor to Hubbell.

The Ropes & Gray team that advised Current was led by private equity partner Daniel Evans (Picture; New York), and included private equity partner Todd Kornreich (New York), leveraged finance partner Stefanie Birkmann (New York), employment, executive compensation & benefits partners Alexandra Alperovich (New York) and Megan Bisk (Boston), litigation & enforcement counsel Steven Kaye (Boston) and Lee Gayer (New York), tax partner Adam Greenwood (New York), real estate partner Peter Alpert (Boston), private equity associates Katie Holmes, Amy Sigurdson and Amirali Agha-Khan, debt finance associate Ethan Scheinberg, and tax associate Tristan Evans-Wilent (all of New York).

Involved fees earner: Alexandra Alperovich – Ropes & Gray; Peter Alpert – Ropes & Gray; Stefanie Birkmann – Ropes & Gray; Megan Bisk – Ropes & Gray; Daniel Evans – Ropes & Gray; Tristan Evans-Wilent – Ropes & Gray; Lee Gayer – Ropes & Gray; Adam Greenwood – Ropes & Gray; Katie Holmes – Ropes & Gray; Steven Kaye – Ropes & Gray; Todd Kornreich – Ropes & Gray; Ethan Scheinberg – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: GE Current;