Forgent manufactures electrical distribution equipment that routes power from sources to facility hardware. The company specializes in custom, engineered-to-order products for technically demanding environments, which accounted for 91% of FY25 revenue. Its product portfolio includes transformers, switchgear, and modular prefabricated systems such as eHouses and power skids. Forgent operates through three primary segments: Data Center (~42% of FY25 revenue), Grid (~23%), and Industrial (~19%). The business model centers on vertical integration; by manufacturing complex components like switchgear and transformers in-house, Forgent aims to provide shorter lead times than competitors. This vertical approach, combined with a prefabrication strategy that shifts labor from the field to the factory, serves as a primary margin driver. Forgent sells primarily to North American customers through a direct salesforce and independent representatives. Current strategy focuses on leveraging recently expanded manufacturing capacity to gain market share, increasing the sales ratio of low-voltage products, and growing its service business. The company was formed through the consolidation of four businesses acquired by Neos Partners between 2023 and 2024.