Stanley Black & Decker agrees to sell Excel/Hustler to Bad Boy Mowers.

Stanley Black & Decker entered an Equity and Asset Purchase Agreement dated September 1, 2026 to sell Excel Industries, LLC and certain assets related to the HUSTLER® brand to Bad Boy Mowers JV Acquisition, LLC — a deal the company announced September 4 that still needs regulatory approvals and other customary closing conditions, with the purchase price not disclosed in the furnished release.

Stanley Black & Decker, Inc. (NYSE: SWK) filed a Form 8-K (AccNo 0001193125-26-383511; Date of earliest event September 1, 2026; Items 7.01 and 9.01) reporting that on September 4 it issued a press release announcing the execution of an Equity and Asset Purchase Agreement dated as of September 1, 2026 with Bad Boy Mowers JV Acquisition, LLC (“Bad Boy Mowers”). The SEC index shows Filing Date 2026-09-04 and Accepted 2026-09-04 at 15:02:50. Item 7.01 is a Regulation FD disclosure; Exhibit 99.1 is furnished under Item 9.01. The purchase agreement text is not filed as an exhibit in this AccNo.

This is a seller-side portfolio announcement for Stanley Black & Decker’s Excel / Hustler outdoor unit — a different issuer and a different deal from Flex’s EPC Power acquisition and from USA Rare Earth’s Serra Verde close on tickergrove.com.

What SWK agreed to sell

Under Item 7.01 and Exhibit 99.1, Bad Boy Mowers has agreed to purchase Excel Industries, LLC, a wholly owned subsidiary of Stanley Black & Decker, and certain assets related to the HUSTLER® brand name. Exhibit 99.1 describes Excel as primarily made up of professional-grade, gas-powered, ride-on and zero-turn mowers under the Hustler® brand.

Excel is located in Hesston, Kansas. The release says Excel serves an extensive network of independent equipment dealer outlets that stock, sell, and service Hustler products in the United States and Canada, and that Excel launched the first hydrostatic zero-turn mower in 1964.

Revenue print — and what is not printed

Exhibit 99.1 states Excel is expected to generate FY 2026 revenue of approximately $300 million. That figure is a company expectation in the furnished release — not a purchase price and not a historical audited result printed as closed books in this AccNo.

The purchase price is not disclosed in AccNo 0001193125-26-383511 or Exhibit 99.1. This story does not invent proceeds, a multiple, or market reaction.

Close conditions and continuing operations

The transaction is subject to receipt of required regulatory approvals and other customary closing conditions. The company does not expect the transaction to be dilutive to adjusted EPS. Until the transaction closes, the results of Excel will remain in continuing operations and will not be reclassified as discontinued operations.

Agreement date is September 1, 2026. Announcement and Exhibit 99.1 dateline are September 4, 2026. Neither is a close.

Portfolio rationale as printed

In the furnished release, President & CEO Chris Nelson said the sale further refines the portfolio and unlocks greater shareholder value by concentrating resources where the company sees the most compelling opportunities to grow and win. Nelson said Stanley Black & Decker remains committed to growing its Outdoor business through Cub Cadet, Dewalt, Craftsman, Troy-Bilt, and Black+Decker, with continued investment in electric outdoor products and high-performance residential ride-on and zero-turn mowers.

Bill Beck, President, Tools & Outdoor, thanked Excel team members and said the business has strong momentum. Bad Boy Mowers CEO Peter Ballantyne said the company looks forward to supporting Hustler’s continued success as a leader in professional-grade mowers.

Advisors as printed

BofA Securities, Inc. is acting as financial advisor and Cravath, Swaine & Moore LLP is acting as external legal counsel to Stanley Black & Decker.

Still open after the announcement

Whether and when required regulatory approvals and other customary closing conditions are satisfied. Final purchase price and structure — not disclosed in this AccNo. Whether the company’s “not expected dilutive to adjusted EPS” statement holds. Whether Excel’s printed ~$300 million FY 2026 revenue expectation holds. Exact timing of close. This story does not invent proceeds, multiples, or tape reaction.