Deal Details
SOLV Energy Completes $589.4 Million Initial Public Offering
Summary
SOLV Energy, Inc. (“SOLV Energy” or the “Company”) (NASDAQ: MWH), a portfolio company of American Securities LLC (“American Securities”), completed the closing of its initial public offering of 23,575,000 shares of its Class A common stock, including 3,075,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $25.00 per share, generating gross proceeds of approximately $589.4 million (the “Offering”). The Company intends to use the net proceeds from the Offering to repay outstanding indebtedness under the Term Loans and for general corporate purposes.
Baird served as a bookrunner on this Offering.
About
SOLV Energy is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. Since 2008, SOLV Energy has built more than 500 power plants, representing 20 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 146 operating power plants, representing over 18 GW of generating capacity. In addition to EPC and O&M for utility-scale power plants and related T&D infrastructure, SOLV Energy offers large-scale repair, emergency response and repowering services and installs end-to-end SCADA and network infrastructure solutions to maximize project performance and energy availability. SOLV Energy is headquartered in San Diego, California.American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management. American Securities is based in New York, New York.
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- Date
- February 2026
- Company
- SOLV Energy, Inc.
- Transaction
- Equity Capital Markets
- Sectors
-
Technology & Services
Energy - Verticals
-
Energy
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
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