Developer docs
API playgroundTry for free, no card

Search company profiles

Vergent Power Solutions

Full company profile

uuid0006dkl

Namestring
Vergent Power Solutions
Legal namestring
Vergent
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Vergent Power Solutions is a regional clean energy project developer and exclusive distributor founded in 2014 and headquartered in Eden Prairie, Minnesota. The company holds exclusive rights to distribute Capstone Green Energy microturbines across the Upper Midwest, New England, and Eastern Canada, delivering Combined Heat and Power (CHP), microgrid, and trigeneration (CCHP) systems to healthcare, data center, industrial, education, municipal, residential, and greenhouse customers. The underlying Capstone technology relies on patented air-bearing microturbines with a single moving part, supporting multi-fuel operation across natural gas, biogas, renewable natural gas, hydrogen, and liquid fuels, with integration of battery energy storage, solar PV, wind, and absorption chilling for grid-connected and island-mode operation. Vergent operates four offices (Eden Prairie, Woburn, Canton, Pickering) and manages a fleet of over 200 installed systems across North America.

Revenue is generated through three streams: hardware sales of microturbine-based CHP and microgrid systems, ongoing service and maintenance contracts with 24/7 remote monitoring, and upfront application engineering and design services. The go-to-market is direct sales-led, targeted at named verticals through case-study-driven content marketing, with project economics often supported by federal tax credits and DOE grant structures. In 2026, backed by GEF Capital Partners, Vergent merged with Lone Star Power Solutions to form Veristar Energy, combining two Capstone distributors to scale technical execution capacity across a broader North American footprint.

Short descriptiontext

Vergent Power Solutions is the exclusive Capstone Green Energy distributor for the Upper Midwest, New England, and Eastern Canada, selling and servicing microturbine-based CHP and microgrid systems for healthcare, data center, industrial, municipal, and residential customers across a 200+ system North American fleet.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersEden Prairie, United States
HQ citystring
Eden Prairie
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
microturbine distribution, combined heat power systems, microgrid energy solutions, distributed energy generation, decarbonization infrastructure
Industry6 codes
1District Energy & CHP-Based Microgrids (Thermal Networks + Power)
CodeEUACALALPrimaryYes
2Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource)
CodeEUACALAHPrimaryNo
3Resilience & Backup Power Solutions (Critical Facilities, Islanding)
CodeEUAMAJAKPrimaryNo
4DERMS & Microgrid Control Software (EMS/SCADA/DERMS)
CodeEUAMAJAGPrimaryNo
5Microgrid & Distributed Grid Equipment (Controllers, Switchgear Packages, DER Interconnection)
CodeIMAGAAAJPrimaryNo
6Remote, Islanded & Off-Grid Microgrids (Islands, Mining, Telecom Towers)
CodeEUAFAJADPrimaryNo
NAICS code3 codes
  • Electric Power Generation22111
  • Electric Power Generation, Transmission and Distribution2211
  • Turbine and Turbine Generator Set Units Manufacturing333611
SIC code3 codes
  • Cogeneration Services & Small Power Producers4991
  • Engines & Turbines3510
  • Switchgear & Switchboard Apparatus3613
Product category
Distributed Energy Systems (Microturbine CHP & Microgrid Equipment)
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Microturbine CHP System Sales
TypeHardware Sales
Description

Sale and installation of Capstone microturbine-based Combined Heat and Power (CHP) systems including microgrids

vergentpower.com
2Service and Maintenance
TypeProfessional Services
Description

Ongoing service and maintenance contracts including 24/7 remote monitoring and factory-certified technician support

vergentpower.com
3Application Engineering and Design
TypeProfessional Services
Description

Custom engineering and design services for microturbine applications including upfront engineering support

vergentpower.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Vergent Power Solutions is the exclusive distributor of Capstone Green Energy microturbines across the Upper Midwest, New England, and Eastern Canada. The company sells, designs, installs, and services Combined Heat and Power (CHP), trigeneration (CCHP), and integrated microgrid systems that convert natural gas, biogas, RNG, or hydrogen into electricity with waste heat recovery, supported by battery storage, solar PV, and proprietary microgrid controls. Revenue comes primarily from hardware sales of these distributed energy systems plus engineering, installation, and recurring 24/7 monitoring and maintenance contracts.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • $80,000-$500,000 annual energy savings per installation
+4 more records
Product overview1 text field

Vergent Power Solutions is a clean energy and decarbonization company that designs, distributes, and services distributed energy solutions across North America. The company operates as the exclusive distributor for Capstone Green Energy in the Upper Midwest, New England, and Eastern Canada. Their core product portfolio centers on Capstone Microturbines combined with comprehensive microgrid solutions, including integrated solar PV, battery storage, and heat recovery systems. They deliver turnkey Combined Heat and Power (CHP) and Combined Cooling, Heating, and Power (CCHP/trigeneration) systems for healthcare, data center, industrial, education, municipal, residential, and greenhouse applications. Services include application engineering and design, installation, and ongoing maintenance with 24/7 remote monitoring. In 2026, backed by GEF Capital Partners, Vergent merged with Lone Star Power Solutions to form Veristar Energy, expanding their operating fleet to over 200 systems across North America.

Product and service6 records
1Capstone Microturbines
CategoryDistributed Energy Equipment
Description

Distributed exclusive by Vergent across the Upper Midwest, New England and Eastern Canada. Capstone microturbines convert natural gas, biogas, RNG, hydrogen or liquid fuels into electricity with waste heat recovery. Features patented air-bearing design (single moving part, no lubricating oil), ultra-low NOx (<5ppm) emissions, and ~65 dB operation at 10 meters, targeting healthcare, data center, industrial, municipal, education and residential customers.

2Microgrid Solutions
CategoryDistributed Energy Equipment
Description

Turnkey microgrid systems that combine dual-mode microturbines with distributed energy resources (solar PV, wind turbines, fuel cells, battery storage) and Vergent microgrid controls. Capable of operating in island mode independent of the utility grid, providing energy resilience for hospitals, data centers, military bases and other critical-facility customers.

3Combined Heat and Power (CHP) Systems
CategoryDistributed Energy Equipment
Description

CHP systems that generate electricity while capturing waste heat for hot water, steam, chilled water or process heating, raising overall system efficiency by reusing thermal energy that would otherwise be wasted. Sold to hospitals, universities, residential buildings, food and beverage sites, and industrial operators across Vergent's territory.

4Design and Engineering Services
CategoryProfessional Engineering Services
Description

Front-end application engineering and design services that size energy systems for optimal electricity and thermal output, deliver custom scalable solutions, and provide upfront engineering support for customers deploying microturbine CHP and microgrid projects.

5Installation Services
CategoryProject Implementation Services
Description

Installation services for Capstone microturbine systems, delivered in coordination with customer contractors or sourced installation partners, supported by Vergent's in-house application engineers.

6Ongoing Service and Maintenance
CategoryOperations & Maintenance Services
Description

Factory-certified technicians provide 24/7 remote monitoring, preventive maintenance, and operational support to keep installed microturbine and microgrid assets performing at high uptime across the project lifecycle.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-01-01
Description

Merger partner that combined with Vergent Power Solutions in 2026 to form Veristar Energy. United two premier forces in decentralized energy to deliver technical mastery and frictionless execution at scale.

Strategic tierFlagshipTypeChannel Partner/ Reseller/ Distributor
Description

Exclusive distributor for Capstone Green Energy microturbines in Upper Midwest, New England, and Eastern Canada. Capstone provides proprietary microturbine technology with over 100 patents including air-bearing design.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers8 records
TypeBroad incumbent
Description

Bloom Energy provides solid-oxide fuel cell distributed generation systems for data centers, healthcare, and industrial customers. Comparable as an alternative on-site generation technology competing for the same resilience and decarbonization budgets that Vergent targets.

TypeDirect peer
Description

Ameresco is a publicly-traded energy services and renewables company that designs and operates microgrids, CHP, and distributed energy projects for municipalities, healthcare, and education customers — directly overlapping Vergent's vertical mix and project model.

TypeEmerging player
Description

Capstone Green Energy manufactures the microturbines that Vergent distributes. Comparable as the underlying technology partner; in other territories, Capstone competes with the integrator channel by selling direct or through other distributors.

TypeBroad incumbent
Description

Generac is a leading manufacturer of natural gas, propane, and bi-fuel generators plus a growing microgrid and battery storage portfolio. Comparable as a broad incumbent in distributed generation whose products overlap with Vergent's resilience and backup offerings.

TypeDirect peer
Description

PowerSecure designs, builds and services distributed generation and microgrid systems for utilities, healthcare, and industrial customers. Directly comparable as a turnkey microgrid integrator serving overlapping verticals with similar business model.

TypeDirect peer
Description

Scale Microgrid Solutions builds, owns, and operates behind-the-meter microgrid assets for commercial and industrial customers. Closely comparable to Vergent's microgrid-as-a-service positioning, particularly for multi-asset hybrid systems with storage and thermal recovery.

TypeDirect peer
Description

Enchanted Rock delivers natural-gas-powered microgrids and resiliency-as-a-service for commercial, healthcare, and data center customers. Directly comparable to Vergent's natural-gas microturbine microgrid model with a similar vertical focus on mission-critical facilities.

Market position
Strengths1 record

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers16 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Vergent Power Solutions

Distributed Energy Systems (Microturbine CHP & Microgrid Equipment)vergentpower.com

Vergent Power Solutions is the exclusive Capstone Green Energy distributor for the Upper Midwest, New England, and Eastern Canada, selling and servicing microturbine-based CHP and microgrid systems for healthcare, data center, industrial, municipal, and residential customers across a 200+ system North American fleet.

What Vergent Power Solutions does

Vergent Power Solutions is a regional clean energy project developer and exclusive distributor founded in 2014 and headquartered in Eden Prairie, Minnesota. The company holds exclusive rights to distribute Capstone Green Energy microturbines across the Upper Midwest, New England, and Eastern Canada, delivering Combined Heat and Power (CHP), microgrid, and trigeneration (CCHP) systems to healthcare, data center, industrial, education, municipal, residential, and greenhouse customers. The underlying Capstone technology relies on patented air-bearing microturbines with a single moving part, supporting multi-fuel operation across natural gas, biogas, renewable natural gas, hydrogen, and liquid fuels, with integration of battery energy storage, solar PV, wind, and absorption chilling for grid-connected and island-mode operation. Vergent operates four offices (Eden Prairie, Woburn, Canton, Pickering) and manages a fleet of over 200 installed systems across North America.

Revenue is generated through three streams: hardware sales of microturbine-based CHP and microgrid systems, ongoing service and maintenance contracts with 24/7 remote monitoring, and upfront application engineering and design services. The go-to-market is direct sales-led, targeted at named verticals through case-study-driven content marketing, with project economics often supported by federal tax credits and DOE grant structures. In 2026, backed by GEF Capital Partners, Vergent merged with Lone Star Power Solutions to form Veristar Energy, combining two Capstone distributors to scale technical execution capacity across a broader North American footprint.

Vergent Power Solutions firmographics

Firmographics
Name
Vergent Power Solutions
Legal name
Vergent
Website
https://vergentpower.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
11–50 employees
Short description
Vergent Power Solutions is the exclusive Capstone Green Energy distributor for the Upper Midwest, New England, and Eastern Canada, selling and servicing microturbine-based CHP and microgrid systems for healthcare, data center, industrial, municipal, and residential customers across a 200+ system North American fleet.
Ownership category
akta.pro rank

Vergent Power Solutions industry classification

Industry
Product category
Distributed Energy Systems (Microturbine CHP & Microgrid Equipment)
NAICS
Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Turbine and Turbine Generator Set Units Manufacturing (333611)
SIC
Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510), Switchgear & Switchboard Apparatus (3613)
akta.pro primary industry
District Energy & CHP-Based Microgrids (Thermal Networks + Power) (EUACALAL)
akta.pro secondary industries
Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource) (EUACALAH), Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK), DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG), Microgrid & Distributed Grid Equipment (Controllers, Switchgear Packages, DER Interconnection) (IMAGAAAJ), Remote, Islanded & Off-Grid Microgrids (Islands, Mining, Telecom Towers) (EUAFAJAD)

Keywords

  • Microturbine distribution
  • Combined heat power systems
  • Microgrid energy solutions
  • Distributed energy generation
  • Decarbonization infrastructure

Where Vergent Power Solutions is headquartered

Location

Headquarters

HQ city
Eden Prairie
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Vergent Power Solutions business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

  1. Microturbine CHP System Sales: Sale and installation of Capstone microturbine-based Combined Heat and Power (CHP) systems including microgrids
  2. Service and Maintenance: Ongoing service and maintenance contracts including 24/7 remote monitoring and factory-certified technician support
  3. Application Engineering and Design: Custom engineering and design services for microturbine applications including upfront engineering support

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Vergent Power Solutions product offering

Product offering

Core offering

Vergent Power Solutions is the exclusive distributor of Capstone Green Energy microturbines across the Upper Midwest, New England, and Eastern Canada. The company sells, designs, installs, and services Combined Heat and Power (CHP), trigeneration (CCHP), and integrated microgrid systems that convert natural gas, biogas, RNG, or hydrogen into electricity with waste heat recovery, supported by battery storage, solar PV, and proprietary microgrid controls. Revenue comes primarily from hardware sales of these distributed energy systems plus engineering, installation, and recurring 24/7 monitoring and maintenance contracts.

Product overview

Vergent Power Solutions is a clean energy and decarbonization company that designs, distributes, and services distributed energy solutions across North America. The company operates as the exclusive distributor for Capstone Green Energy in the Upper Midwest, New England, and Eastern Canada. Their core product portfolio centers on Capstone Microturbines combined with comprehensive microgrid solutions, including integrated solar PV, battery storage, and heat recovery systems. They deliver turnkey Combined Heat and Power (CHP) and Combined Cooling, Heating, and Power (CCHP/trigeneration) systems for healthcare, data center, industrial, education, municipal, residential, and greenhouse applications. Services include application engineering and design, installation, and ongoing maintenance with 24/7 remote monitoring. In 2026, backed by GEF Capital Partners, Vergent merged with Lone Star Power Solutions to form Veristar Energy, expanding their operating fleet to over 200 systems across North America.

Differentiator

Problem solved

Functional benefit

Products and services

  • Capstone Microturbines Distributed exclusive by Vergent across the Upper Midwest, New England and Eastern Canada. Capstone microturbines convert natural gas, biogas, RNG, hydrogen or liquid fuels into electricity with waste heat recovery. Features patented air-bearing design (single moving part, no lubricating oil), ultra-low NOx (<5ppm) emissions, and ~65 dB operation at 10 meters, targeting healthcare, data center, industrial, municipal, education and residential customers.
  • Microgrid Solutions Turnkey microgrid systems that combine dual-mode microturbines with distributed energy resources (solar PV, wind turbines, fuel cells, battery storage) and Vergent microgrid controls. Capable of operating in island mode independent of the utility grid, providing energy resilience for hospitals, data centers, military bases and other critical-facility customers.
  • Combined Heat and Power (CHP) Systems CHP systems that generate electricity while capturing waste heat for hot water, steam, chilled water or process heating, raising overall system efficiency by reusing thermal energy that would otherwise be wasted. Sold to hospitals, universities, residential buildings, food and beverage sites, and industrial operators across Vergent's territory.
  • Design and Engineering Services Front-end application engineering and design services that size energy systems for optimal electricity and thermal output, deliver custom scalable solutions, and provide upfront engineering support for customers deploying microturbine CHP and microgrid projects.
  • Installation Services Installation services for Capstone microturbine systems, delivered in coordination with customer contractors or sourced installation partners, supported by Vergent's in-house application engineers.
  • Ongoing Service and Maintenance Factory-certified technicians provide 24/7 remote monitoring, preventive maintenance, and operational support to keep installed microturbine and microgrid assets performing at high uptime across the project lifecycle.

Quantifiable outcome

  • $80,000-$500,000 annual energy savings per installation
  • +4 more outcomes

Companies that use Vergent Power Solutions

Customer profile

Named customers16 records

Segments7 records

Ideal customer profiles3 records

Vergent Power Solutions technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Vergent Power Solutions partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered flagship.

  • Lone Star Power SolutionsflagshipStrategic or Co-development Partner · 1 January 2026Merger partner that combined with Vergent Power Solutions in 2026 to form Veristar Energy. United two premier forces in decentralized energy to deliver technical mastery and frictionless execution at scale.
  • Capstone Green EnergyflagshipChannel Partner/ Reseller/ DistributorExclusive distributor for Capstone Green Energy microturbines in Upper Midwest, New England, and Eastern Canada. Capstone provides proprietary microturbine technology with over 100 patents including air-bearing design.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Vergent Power Solutions competitors and assessment

Company assessment

Broad incumbents

  • Caterpillar (Electric Power division):
  • Bloom Energy: Bloom Energy provides solid-oxide fuel cell distributed generation systems for data centers, healthcare, and industrial customers. Comparable as an alternative on-site generation technology competing for the same resilience and decarbonization budgets that Vergent targets.
  • Generac Power Systems: Generac is a leading manufacturer of natural gas, propane, and bi-fuel generators plus a growing microgrid and battery storage portfolio. Comparable as a broad incumbent in distributed generation whose products overlap with Vergent's resilience and backup offerings.

Direct peers

  • Ameresco: Ameresco is a publicly-traded energy services and renewables company that designs and operates microgrids, CHP, and distributed energy projects for municipalities, healthcare, and education customers — directly overlapping Vergent's vertical mix and project model.
  • PowerSecure (a subsidiary of Southern Company): PowerSecure designs, builds and services distributed generation and microgrid systems for utilities, healthcare, and industrial customers. Directly comparable as a turnkey microgrid integrator serving overlapping verticals with similar business model.
  • Scale Microgrid Solutions: Scale Microgrid Solutions builds, owns, and operates behind-the-meter microgrid assets for commercial and industrial customers. Closely comparable to Vergent's microgrid-as-a-service positioning, particularly for multi-asset hybrid systems with storage and thermal recovery.
  • Enchanted Rock: Enchanted Rock delivers natural-gas-powered microgrids and resiliency-as-a-service for commercial, healthcare, and data center customers. Directly comparable to Vergent's natural-gas microturbine microgrid model with a similar vertical focus on mission-critical facilities.

Emerging players

  • Capstone Green Energy: Capstone Green Energy manufactures the microturbines that Vergent distributes. Comparable as the underlying technology partner; in other territories, Capstone competes with the integrator channel by selling direct or through other distributors.

Market position

Strengths1 record

Competitive moat5 records

Key highlights7 records

Customer concentration

Vergent Power Solutions social profiles

Digital presence

Vergent Power Solutions financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Vergent Power Solutions leadership team

Management profile

Number of profiles

Profiles1 record

Vergent Power Solutions funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Vergent Power Solutions M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vergent Power Solutions

What does Vergent Power Solutions do?

Vergent Power Solutions is the exclusive distributor of Capstone Green Energy microturbines across the Upper Midwest, New England, and Eastern Canada. The company sells, designs, installs, and services Combined Heat and Power (CHP), trigeneration (CCHP), and integrated microgrid systems that convert natural gas, biogas, RNG, or hydrogen into electricity with waste heat recovery, supported by battery storage, solar PV, and proprietary microgrid controls. Revenue comes primarily from hardware sales of these distributed energy systems plus engineering, installation, and recurring 24/7 monitoring and maintenance contracts.

Is Vergent Power Solutions a public or private company?

Vergent Power Solutions is a private company. It is classified as private equity controlled and is currently operating.

When was Vergent Power Solutions founded?

Vergent Power Solutions was founded in 2014. It employs 11 to 50 people.

Where is Vergent Power Solutions based?

Vergent Power Solutions is headquartered in Eden Prairie, United States, in the North America region.

How does Vergent Power Solutions make money?

Three revenue lines are on record. Microturbine CHP System Sales are the primary driver. The others are service and Maintenance and application Engineering and Design.

Who are Vergent Power Solutions's main competitors?

Broad incumbents on record are Caterpillar (Electric Power division), Bloom Energy and Generac Power Systems. Direct peers are Ameresco, PowerSecure (a subsidiary of Southern Company), Scale Microgrid Solutions and Enchanted Rock. Capstone Green Energy is listed as an emerging player.

Does Vergent Power Solutions have an API?

No public API is recorded for Vergent Power Solutions.

What industry is Vergent Power Solutions in?

Vergent Power Solutions's product category is Distributed Energy Systems (Microturbine CHP & Microgrid Equipment). Its primary akta.pro industry code is EUACALAL, District Energy & CHP-Based Microgrids (Thermal Networks + Power), with a secondary code of EUACALAH, Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource). Its NAICS code is 22111 and its SIC code is 4991.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
EIN PresswireVeristar Energy Appoints Riley Fair as Vice President of Sales to Drive Strategic Onsite Power GrowthVeristar Energy appointed Riley Fair as Vice President of Sales to lead commercial growth and North American sales. Fair previously scaled McKinstry from $60 million to $180 million. He will build a sales organization to accelerate onsite power system deployment.Business Wire BlogForgent Power Solutions Announces Full Exercise and Closing of Over-Allotment Option in Connection with its Initial Public OfferingForgent Power Solutions announced that underwriters have fully exercised their over-allotment option in connection with its IPO, purchasing an additional 8.4 million shares of Class A common stock at $27.00 per share, with the issuance and sale closing that same day. The company will not receive proceeds from shares sold by the Selling Stockholders (parent entities controlled by Neos Partners, LP), while proceeds from Forgent's own shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP.MorningstarForgent Power Solutions Announces Full Exercise and Closing of Over-Allotment Option in Connection with its Initial Public OfferingForgent Power Solutions announced the full exercise and closing of the underwriters' over-allotment option in connection with its initial public offering, resulting in the sale of an additional 5,912,036 shares by Selling Stockholders and 2,487,964 shares by the company at $27.00 per share. The company will not receive proceeds from the Selling Stockholders' share sales, while proceeds from its own shares will be used to redeem interests in an operating subsidiary held by equity owners controlled by Neos Partners, LP. Goldman Sachs, Jefferies and Morgan Stanley acted as joint lead book-running managers for the offering.MorningstarForgent Power Solutions Announces Closing of Initial Public OfferingForgent Power Solutions closed its initial public offering on February 5, 2026, with 56 million shares of Class A common stock beginning trading on the New York Stock Exchange under the ticker symbol FPS at $27.00 per share. The offering consisted of shares sold by Neos Partners, LP-controlled entities and shares sold by the company, with net proceeds to be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. Forgent is a U.S. designer and manufacturer of electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities.Business Wire BlogForgent Power Solutions Announces Pricing of Initial Public OfferingForgent Power Solutions priced its initial public offering at $27.00 per share, with trading expected to begin on February 5, 2026 on the NYSE under the ticker symbol "FPS"; the offering consists of 56 million shares total, with 39.4 million shares offered by selling stockholders controlled by Neos Partners, LP and 16.6 million shares offered by the company. Forgent, a designer and manufacturer of electrical distribution equipment for data centers, power grids, and industrial facilities, will use its net proceeds to redeem interests in an operating subsidiary held by existing equity owners controlled by Neos Partners, LP. Goldman Sachs, Jefferies, and Morgan Stanley are serving as joint lead book-running managers for the offering.