Neos Partners Secures 51.5% Majority Stake in Forgent Power Solutions

Neos Partners, LP and a group of 17 investors disclosed a 51.5% beneficial ownership stake in Forgent Power Solutions.

The group filed an amended Schedule 13G with the SEC detailing ownership of 156,906,889 Class A common shares on an as-converted basis.

The total comprises 112 million Class A shares and 44.4 million operating company interests exchangeable for Class A stock.

This filing solidifies the Neos-led group as the majority owner of the electrical equipment manufacturer.

Neos Partners originally took the company public through a series of acquisitions.