Forgent Power Solutions, Inc.

Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock

Forgent Power Solutions closed a public offering of 43.65 million shares of Class A common stock at a price of $49.00 per share. The offering consisted of 14.56 million shares sold by the company and 29.09 million shares sold by parent entities controlled by sponsor Neos Partners, with Forgent's net proceeds used to redeem interests in a subsidiary held by Neos. Goldman Sachs, Jefferies, and Morgan Stanley acted as joint lead book-running managers for the transaction.

•3mo ago

Forgent Power Solutions Announces Pricing of Upsized Public Offering of Class A Common Stock

Forgent Power Solutions priced an upsized public offering of 43.6 million shares at $49.00 per share for aggregate gross proceeds of approximately $2.1 billion. The offering consists of 14.6 million shares sold by the company and 29.1 million shares sold by existing shareholders controlled by Neos Partners. Underwriters were granted a 30-day option to purchase an additional 6.5 million shares, with the transaction expected to close on July 6, 2026. A syndicate led by Goldman Sachs, Jefferies, and Morgan Stanley is managing the deal. Forgent will use its portion of the net proceeds to redeem interests in an operating subsidiary held by Neos Partners, while the operating subsidiary will reimburse the company for all offering expenses.

•3mo ago

Forgent Power Solutions Announces Public Offering of Class A Common Stock

Forgent Power Solutions announced a public offering of 35 million Class A common shares, with 23.3 million from selling stockholders controlled by Neos Partners and 11.7 million from the company. Forgent receives no proceeds from the selling stockholders' shares; its proceeds will redeem interests in an operating subsidiary held by Neos Partners affiliates. Goldman Sachs, Jefferies and Morgan Stanley are joint lead book-running managers. Underwriters have a 30-day option to purchase up to an additional 5.25 million shares.

•3mo ago

Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Forgent Power Solutions closed a public offering of 32.77 million Class A common shares at $47.00 per share, including the full exercise of the underwriters' over-allotment option. The company sold 15.85 million shares, while selling stockholders controlled by Neos Partners sold the remaining 16.92 million shares. Forgent did not receive proceeds from the Neos sales. Forgent used its net proceeds of approximately $745 million to redeem interests in an operating subsidiary held by Neos-controlled equity owners, with the subsidiary bearing the offering expenses.

•4mo ago

Forgent Power Solutions Announces Pricing of Upsized Public Offering of Class A Common Stock

Forgent Power Solutions priced an upsized public offering at $47.00 per share, consisting of 13.7 million primary shares and 28.5 million secondary shares sold by Neos Partners. The company will not receive proceeds from the secondary sale; net proceeds from its primary shares will be used to redeem interests in an operating subsidiary held by Neos-controlled entities. The deal is heavily underwritten by Goldman Sachs, Jefferies, and Morgan Stanley, with closing expected on June 1, 2026.

•4mo ago

Forgent Power Solutions Announces Public Offering of Class A Common Stock

Forgent Power Solutions announced a public offering of approximately 35 million Class A common shares, comprising 23.7 million shares sold by Neos Partners-controlled entities and 11.3 million shares sold by the company itself. The company will not receive proceeds from the selling stockholders' portion; its own net proceeds will be used to redeem interests in an operating subsidiary held by Neos-controlled owners. Goldman Sachs, Jefferies, and Morgan Stanley are joint lead book-runners, with J.P. Morgan, BofA, and Barclays as bookrunners. An overallotment option for an additional 5.25 million shares is also granted.

•4mo ago

Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

businesswire.com•6mo ago

Forgent Power Solutions Announces Pricing of Public Offering of Class A Common Stock

businesswire.com•6mo ago

Forgent Power Solutions Announces Public Offering of Class A Common Stock

businesswire.com•7mo ago