Forgent’s IPO is ‘bringing sexy back’ to the electrical equipment helping power the AI boom, CEO says

The data center and power sectors are booming because of the global AI race but, quietly, so too is the electrical distribution equipment industry that connects the electricity to the Big Tech campuses.

That’s why Forgent Power Solutions—a combination of four legacy companies put together by private equity—was branded less than a year ago and quickly went public with a successful initial public offering in February, growing to a market cap of nearly $8 billion.

“I made a joke...