FORGENT POWER SOLUTIONS Business Summary

Forgent Power Solutions Inc (FPS) is a premier designer and manufacturer of critical electrical distribution equipment, primarily serving the hyperscale data center, utility grid, and energy-intensive industrial sectors. The company generates revenue through a high-touch, engineered-to-order model, with its primary business segments divided into Custom Products (68.5% of revenue), Powertrain Solutions (26.1%), Standard Products, and Services. Its core value proposition lies in delivering integrated, prefabricated power skids and custom switchgear with industry-leading lead times, capitalizing on the massive infrastructure demand driven by AI-driven data center expansion and U.S. grid modernization. Within the competitive landscape, Forgent competes directly with established industrial giants such as Eaton Corporation (ETN), Vertiv Holdings (VRT), and Powell Industries (POWL). Forgent distinguishes itself as a nimble, high-growth specialist that bridges the gap between traditional electrical hardware and the rapid deployment needs of cloud service providers. The company is led by Chief Executive Officer Gary Niederpruem, who brings over 25 years of industry experience, including pivotal leadership roles at Vertiv and Emerson Network Power. The executive team is further bolstered by Chief Financial Officer Ryan S. Fiedler, formerly of Caterpillar and J.P. Morgan, and Chief Technology Officer Wyatt Shallbetter, who joined following Forgent's acquisition of States Manufacturing. Forgent was formed and scaled by the private equity firm Neos Partners, which remains a significant shareholder and maintains majority control of the board of directors following the company's February 2026 initial public offering. Notable board members include Managing Directors from Neos Partners, Trey Bivins and Frank Cannova, alongside independent directors such as Neel Bhatia and former Ingram Micro CEO Gregory M. E. Spierkel.