Stanley Black & Decker to Sell Excel Industries (Hustler) to Bad Boy Mowers
SWK sits 57% above its 52-week low of $61.9.
Summary
Stanley Black & Decker agreed to sell its Excel Industries (Hustler brand) business to Bad Boy Mowers. The divested unit generates about $300 million in annual revenue and the deal is not expected to dilute adjusted EPS.
Key Events · M&A and Partnerships · SWK
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Excel Industries Divestiture Agreement
Definitive agreement signed September 1, 2026 to sell Excel Industries, including the Hustler brand, to Bad Boy Mowers JV Acquisition, LLC.
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Divested Business Scale
Excel is expected to generate approximately $300 million in FY 2026 revenue from professional-grade gas-powered ride-on and zero-turn mowers.
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EPS Impact Neutral
Company states the transaction is not expected to be dilutive to adjusted EPS; Excel results remain in continuing operations until closing.
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Closing Conditions
Transaction subject to regulatory approvals and customary closing conditions; BofA Securities advised Stanley Black & Decker.
Analysis · SWK · Manufacturing
Stanley Black & Decker is divesting its Excel Industries business, which generates roughly $300 million in annual revenue, to Bad Boy Mowers. The deal sharpens the company's portfolio focus on its core Tools & Outdoor brands and electric outdoor products. Management states the transaction is not expected to dilute adjusted EPS, and the business will remain in continuing operations until closing. For a company with a market cap near $14.7 billion, a $300 million revenue divestiture is a meaningful but not transformative portfolio move — the strategic signal is continued active portfolio management and capital reallocation toward higher-growth segments.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 29.9% of the 1988 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SWK was trading at $97.25 on NYSE in the Manufacturing sector, with a market capitalization of approximately $14.7B. The 52-week trading range was $61.90 to $104.68. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.