Forgent Power Solutions closes stock offering at $49 per share

Forgent Power Solutions, Inc. (NYSE: FPS), a designer and manufacturer of electrical distribution equipment, has closed a public offering of its Class A common stock, according to a company statement.

The offering consisted of 29,094,075 shares sold by parent entities controlled by Neos Partners, LP, and 14,555,925 shares sold by Forgent, at a public offering price of $49.00 per share, less underwriting discounts and commissions.

Forgent did not receive proceeds from the shares sold by the parent entities. Net proceeds from the company's own share sale were used to redeem interests in an operating subsidiary held by certain existing equity owners also controlled by Neos Partners, LP.

Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley served as joint lead book-running managers. J.P. Morgan, BofA Securities, and Barclays acted as bookrunners. TD Cowen, MUFG, Wolfe | Nomura Alliance, KeyBanc Capital Markets, Oppenheimer & Co., and Stifel served as passive bookrunners.

The Securities and Exchange Commission declared the registration statement on Form S-1 effective on July 1, 2026. Forgent is based in Dayton, Minnesota, and manufactures electrical distribution equipment for data centers, power grids, and industrial facilities.

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