Forgent Power Solutions Prices Public Offering at $29.50

Forgent Power Solutions announced the pricing of a public offering of its Class A common stock at a public offering price of $29.50 per share. The offering consists of 20,688,874 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners and 9,311,126 shares of Class A common stock being offered by Forgent. In addition, the Selling Stockholders and the Company granted the underwriters a 30-day option to purchase up to an additional 3,027,921 shares and 1,472,079 shares, respectively, of Class A common stock at the public offering price, less underwriting discounts and commissions. Forgent will not receive any proceeds from the sale of shares by the Selling Stockholders and the net proceeds Forgent receives from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The operating subsidiary will bear or reimburse the Company for all of the expenses of the offering. The closing of the offering is expected to occur on March 30, subject to customary closing conditions. Goldman Sachs & Co., Jefferies and Morgan Stanley are acting as joint lead book-running managers for the offering. J.P. Morgan, BofA Securities and Barclays are acting as bookrunners for the offering. TD Cowen, MUFG, Wolfe Nomura Alliance, KeyBanc Capital Markets, Oppenheimer & Co. and Stifel are acting as passive bookrunners for the offering.