Forgent Power Solutions

The electrical gear that moves large loads of power inside a data center or factory is what Forgent Power Solutions designs and builds. Its catalog runs to switchgear, transformers, transfer switches, panelboards and power skids, most of it engineered to order for a specific project rather than sold off the shelf. Demand has surged with the AI data-center boom, grid upgrades and factory reshoring, all of which need custom power distribution equipment; revenue jumped 56% in fiscal 2025 to about $753 million, with backlog past $1 billion. Based in Dayton, Minnesota, the company sells into a market where lead times are long and engineering matters more than price, which favors specialists that can configure equipment for demanding sites. It is a direct play on how much electricity the compute buildout will consume.

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