
Forgent Power Solutions, Inc. (NYSE:FPS) (&#34;Forgent&#34; or the &#34;Company&#34;), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive

<p xmlns="http://www.w3.org/1999/xhtml">
Forgent Power Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FPS">FPS</a>) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced the closing of a public offering of its Class A common stock. The offering consists of 29,094,075 shares of Class A common stock sold by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 14,555,925 shares of Class A common stock sold by Forgent, in each case at a public offering price of $49.00 per share, less underwriting discounts and commissions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forgent did not receive any proceeds from the sale of shares by the Selling Stockholders and the net proceeds Forgent received from the sale of its shares were used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The operating subsidiary bore or reimbursed the Company for all of the expenses of the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Goldman Sachs &amp; Co. LLC, Jefferies and Morgan Stanley acted as joint lead book-running managers for the offering. J.P. Morgan, BofA Securities and Barclays acted as bookrunners for the offering. TD Cowen, MUFG, Wolfe &#x7C; Nomura Alliance, KeyBanc Capital Markets, Oppenheimer &amp; Co. and Stifel acted as passive bookrunners for the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering of these securities was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54565744&amp;newsitemid=20260706843535&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=5a8d1ce9790873943b9716551765e9d2" shape="rect">www.sec.gov</a>. Alternatively, copies of the final prospectus may be obtained from: Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at +1 (866) 471-2526, or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-ny@ny.email.gs.com" shape="rect">prospectus-ny@ny.email.gs.com</a>; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, or by telephone at +1 (877) 821-7388, or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus_department@jefferies.com" shape="rect">prospectus_department@jefferies.com</a>; or Morgan Stanley &amp; Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on July 1, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Forgent Power Solutions, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forgent is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The Company specializes in manufacturing custom products that are "engineered-to-order" for technically demanding applications. We believe Forgent is one of a small number of companies that can manufacture all of the electrical distribution equipment required for a data center or large manufacturing facility’s powertrain with some of the highest levels of customization and shortest lead times available in the industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would" or similar expressions and the negatives of those terms.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. These factors include but are not limited to those described under "Risk Factors" in Forgent’s registration statement on Form S-1, as amended, relating to the public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Except as required by law, Forgent assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260706843535r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260706843535/en/" rel="nofollow">https://www.businesswire.com/news/home/20260706843535/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Kate Africk
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:kate.africk@forgentpower.com" shape="rect">kate.africk@forgentpower.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@forgentpower.com" shape="rect">media@forgentpower.com</a>

</p>

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

Forgent closes public stock offering; insiders exit with no net cash to company

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Forgent Power Solutions, Inc. (NYSE:FPS) (&amp;#34;Forgent&amp;#34; or the &amp;#34;Company&amp;#34;), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Forgent Power Solutions announced the closing of a public offering of Class A common stock at $49 per share. Selling stockholders and Forgent sold 43.65 million shares, with Forgent receiving no net proceeds; proceeds were used to redeem interests in an operating subsidiary. The move signals dilution and ownership restructuring rather than an immediate infusion of cash for operations.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Forgent closes public stock offering; stockholders and FPS sell at $49 per share.</li><li>Forgent does not receive proceeds; net funds used to redeem subsidiary interests.</li><li>Registration effective July 1, 2026; major banks participated as underwriters.</li><li>Total shares offered: 43.65 million; potential dilution pressure for FPS holders.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Forgent Power Solutions, Inc. (FPS)</strong>: Issuer; dilution potential and ownership restructuring from the offering.</li><li><strong>Neos Partners, LP (N/A)</strong>: Selling stockholder; large share dump could affect float and near-term liquidity.</li><li><strong>Goldman Sachs &amp; Co. LLC (GS)</strong>: Joint lead book-running manager; price discovery and underwriting support.</li><li><strong>Jefferies LLC (JEF)</strong>: Book-running manager; underwriter involvement reinforces demand for the deal.</li><li><strong>Morgan Stanley (MS)</strong>: Book-running manager; aids in distribution and price stabilization.</li><li><strong>JPMorgan Chase &amp; Co. (JPM)</strong>: Bookrunner; broad distribution network supports orderly execution.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article discusses a financing transaction that alters FPS&#039;s equity structure and ownership dynamics, with implications for dilution, float, and potential strategic use of proceeds. It fits as a corporate finance event impacting valuation and liquidity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Total new shares issued: 43.65 million, implying dilution pressure.</li><li>Offer price set at $49 per share; price anchor for post-offering trading.</li><li>Net proceeds used to redeem subsidiary interests; no cash for operations.</li><li>Leading underwriters include GS, Jefferies, and Morgan Stanley; strong syndicate.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Selling stockholders: 29,094,075 shares.</li><li>Forgent: 14,555,925 shares.</li><li>Total shares offered: 43,650,000.</li><li>Offer price: $49 per share.</li><li>Net proceeds used to redeem subsidiary interests; no proceeds to Forgent.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term FPS shares face dilution pressure; monitor ownership changes and redemption outcomes for potential re-rating.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Forgent Power Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FPS">FPS</a>) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced the closing of a public offering of its Class A common stock. The offering consists of 29,094,075 shares of Class A common stock sold by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 14,555,925 shares of Class A common stock sold by Forgent, in each case at a public offering price of $49.00 per share, less underwriting discounts and commissions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forgent did not receive any proceeds from the sale of shares by the Selling Stockholders and the net proceeds Forgent received from the sale of its shares were used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The operating subsidiary bore or reimbursed the Company for all of the expenses of the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Goldman Sachs &amp; Co. LLC, Jefferies and Morgan Stanley acted as joint lead book-running managers for the offering. J.P. Morgan, BofA Securities and Barclays acted as bookrunners for the offering. TD Cowen, MUFG, Wolfe &#x7C; Nomura Alliance, KeyBanc Capital Markets, Oppenheimer &amp; Co. and Stifel acted as passive bookrunners for the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering of these securities was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54565744&amp;newsitemid=20260706843535&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=5a8d1ce9790873943b9716551765e9d2" shape="rect">www.sec.gov</a>. Alternatively, copies of the final prospectus may be obtained from: Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at +1 (866) 471-2526, or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-ny@ny.email.gs.com" shape="rect">prospectus-ny@ny.email.gs.com</a>; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, or by telephone at +1 (877) 821-7388, or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus_department@jefferies.com" shape="rect">prospectus_department@jefferies.com</a>; or Morgan Stanley &amp; Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on July 1, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Forgent Power Solutions, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forgent is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The Company specializes in manufacturing custom products that are "engineered-to-order" for technically demanding applications. We believe Forgent is one of a small number of companies that can manufacture all of the electrical distribution equipment required for a data center or large manufacturing facility’s powertrain with some of the highest levels of customization and shortest lead times available in the industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would" or similar expressions and the negatives of those terms.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. These factors include but are not limited to those described under "Risk Factors" in Forgent’s registration statement on Form S-1, as amended, relating to the public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Except as required by law, Forgent assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260706843535r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260706843535/en/" rel="nofollow">https://www.businesswire.com/news/home/20260706843535/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Kate Africk
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:kate.africk@forgentpower.com" shape="rect">kate.africk@forgentpower.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@forgentpower.com" shape="rect">media@forgentpower.com</a>

</p>

Forgent Power Solutions announced the closing of a public offering of Class A common stock at $49 per share. Selling stockholders and Forgent sold 43.65 million shares, with Forgent receiving no net proceeds; proceeds were used to redeem interests in an operating subsidiary. The move signals dilution and ownership restructuring rather than an immediate infusion of cash for operations.

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

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News