Investment Banking
Joint Bookrunner on Forgent Power Solutions, Inc.’s $1.01 Billion Follow-On Offering
April 06, 2026
Oppenheimer & Co. Inc. acted as Joint Bookrunner on Forgent Power Solutions, Inc.’s $1.01 Billion Follow-On Offering
Forgent Power Solutions, Inc. (“Forgent” or the “Company”), formerly MGM Transformer Intermediate, a U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, on March 30, 2026 announced the closing of a public offering of its Class A common stock. The offering consisted of 23,716,795 shares of Class A common stock sold by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholders”), which included 3,027,921 shares of Class A common stock sold by the Selling Stockholders as a result of the underwriters’ full exercise of their option to purchase additional shares, and 10,783,205 shares of Class A common stock sold by Forgent, which included 1,472,079 shares of Class A common stock sold by Forgent as a result of the underwriters’ full exercise of their option to purchase additional shares, in each case at a public offering price of $29.50 per share, less underwriting discounts and commissions.
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.
Read the full press release here: Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares | Forgent News
Industrials Investment Banking
Name:
Geoffrey Warren
Title:Managing Director, Co-Head of Industrials
Name:
Kevin Sullivan
Title:Director
Equity Capital Markets
Name:
John Hyland
Title:Managing Director
.jpg?language=en)
Name:
Keith Clark
Title:Executive Director
DISCLOSURES
This notice is provided for informational purposes only, and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. Nothing contained herein shall constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited.
This notice may contain statistical data cited from third-party sources believed to be reliable, but Oppenheimer & Co. Inc. does not represent that any such third-party statistical information is accurate or complete, and it should not be relied upon as such. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice.
2026 Oppenheimer & Co. Inc. Transacts Business on all Principal US Exchanges and is a Member of SIPC