Forgent is a U.S. company that designs and manufactures electrical distribution equipment for data centers, the power grid, and industrial facilities. They specialize in "engineered-to-order" custom products, including transformers, switchgears, and integrated power systems. Forgent aims to provide solutions that address the growing demand for electrical infrastructure, particularly from data centers driven by cloud computing and AI, as well as for upgrading and expanding the power grid. The company recently launched under the Forgent name in August 2025, after a private equity firm integrated four separate equipment makers. Forgent is preparing for an initial public offering (IPO) in February 2026, targeting a significant valuation due to its rapid revenue growth and substantial backlog of orders.