Stanley Black & Decker agrees to sell Excel Industries to Bad Boy Mowers

Deal terms were not disclosed. Closing is subject to regulatory approval and customary conditions.

Stanley Black & Decker expects no dilution to adjusted EPS.

Stanley Black & Decker agreed to sell Excel Industries, the Hustler professional-grade gas ride-on and zero-turn mower business, to Bad Boy Mowers.

Excel is expected to generate fiscal 2026 revenue of about $300 million.