Data Center Power Equipment Major Shareholder Restructures Multi-Trillion Won Stake... Shift to Indirect Holdings

Forgent Power Solutions, Inc. (NYSE: FPS) announced on June 1 that Neos Partners LP and related parties simultaneously sold a substantial block of Class A common stock while acquiring shares through an internal restructuring. In the transaction, the shareholder group sold approximately 48.62 million indirectly held shares and exchanged about 15.85 million Opco LLC equity interests into newly issued Class A common stock, effectively rebalancing their direct and indirect holdings. After the transaction, their indirect Class A holdings amount to roughly 44.45 million shares, representing an economic exposure of about $2.6 billion (approximately KRW 3.6 trillion), based on a per-share price of around $58. The 48.62 million shares sold are valued at approximately $2.8 billion (around KRW 4 trillion), while the 15.85 million shares acquired are estimated at about $900 million (roughly KRW 1.3 trillion).

At the end of May, the company completed an upsized Class A offering at $47 per share, placing both existing shares from major shareholder Neos Partners and newly issued shares into the market. In its third-quarter earnings release, Forgent Power Solutions cited strong demand from data centers and power grid projects, which drove expanded orders and backlog and led it to raise its fiscal 2026 guidance. (marketchameleon.com)

Forgent Power Solutions is a U.S. company that designs and manufactures power distribution and substation equipment for data centers, power grids, and energy-intensive industrial facilities. It is an emerging player in the power infrastructure sector and listed its Class A common stock on the New York Stock Exchange in February 2026. (ir.forgentpower.com)