Stanley Black & Decker Announces Agreement to Sell Excel Industries to Bad Boy Mowers
Stanley Black & Decker has signed a definitive agreement to sell Excel Industries, maker of Hustler-brand professional ride-on and zero-turn mowers, to Bad Boy Mowers. Excel is expected to generate approximately $300 million of revenue in FY 2026. Management frames the sale as portfolio refinement that concentrates resources on its biggest brands, including Cub Cadet, DEWALT, Craftsman, and Troy-Bilt, with emphasis on high-growth electric outdoor products. The transaction is not expected to be dilutive to adjusted EPS, and Excel will remain in continuing operations until closing.
Key figures
- Revenue
- 300000000
- Acquirer
- Bad Boy Mowers (private)
- Divested business
- Excel Industries (Hustler brand)
- Deal price disclosed
- No
- Divested business revenue
- 300000000
- Divested business revenue note
- Excel Industries expected FY 2026 revenue
AI analysis
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