Table of Contents As filed with the Securities and Exchange Commission on January 26, 2026. Registration No. 333-292632 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Forgent Power Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3620 39-3386651 (Primary Standard Industrial Classification Code Number) (I.R.S ...

HOUSTON, Jan. 21, 2026 (GLOBE NEWSWIRE) -- GulfStar Group is pleased to announce that Basler Electric Company (“Basler” or the “Company”) has been acquired by Littelfuse, Inc. (NASDAQ: LFUS) for a cash consideration of approximately $350 million. GulfStar served as the exclusive financial advisor to Basler throughout the transaction, which closed on December 11, 2025. Founded in 1942, Basler is a third-generation, family-owned manufacturer of electrical control and protection solutions, based in Highland, ...

Core Insights - Guangdong's foreign-funded enterprises achieved an import and export value of 2.76 trillion yuan in the first 11 months of the year, marking a 6.7% increase year-on-year, outperforming the overall growth rate of Guangdong's imports and exports by 2.5 percentage points [2] - The export value reached 1.68 trillion yuan, growing by 2.9%, while imports totaled 1.08 trillion yuan, with a significant increase of 13.3% [2] - In November alone, the import and export value of Guangdong's foreign-funded enterprises was 265.66 billion yuan, showing a year-on-year growth of over 10% [2] Trade Performance - In terms of trade methods, general trade accounted for 972.64 billion yuan, growing by 8.8%, representing 35.3% of the total import and export value of foreign-funded enterprises in Guangdong [2] - Bonded logistics saw a rapid growth of 28.3%, reaching 478.45 billion yuan, which constitutes 17.4% of the total [2] - Processing trade amounted to 1.3 trillion yuan, making up 47.1% of the total [2] Market Partners - The top three trading partners for Guangdong's foreign-funded enterprises were Hong Kong, ASEAN, and the EU, with import and export values of 551.99 billion yuan, 385.39 billion yuan, and 306.19 billion yuan respectively [3] - Trade with Hong Kong grew by 9.5%, while trade with ASEAN and the EU increased by 11% and 6.6% respectively [3] - Trade with Taiwan saw a remarkable growth of over 20%, reaching 238.0 billion yuan [3] Product Structure - Exports of electromechanical products totaled 1.34 trillion yuan, growing by 4.3% and accounting for 79.8% of total exports [3] - Key exported items included electronic components, computers and their parts, and electrical equipment, with respective export values of 201.96 billion yuan, 168.78 billion yuan, and 132.13 billion yuan, all achieving double-digit growth [3] - Other products such as game consoles and accessories, machine tools, 3D printers, and lithium-ion batteries also experienced rapid growth, with increases of 71.2%, 48%, 29.6%, and 29% respectively [3] High-tech Product Imports - Imports of electromechanical products reached 782.59 billion yuan, growing by 19% and accounting for 72.3% of total imports [4] - Integrated circuits were the largest imported item, with an import value of 433.2 billion yuan, reflecting a growth of 28% [4] - Other significant imports included computers and their parts, aircraft parts, and machine tools, with respective import values of 41.36 billion yuan, 1.395 billion yuan, and 268 million yuan, showing growth rates of 86.1%, 37.9%, and 85.5% [4] - Agricultural products and energy products also saw increases in imports, with values of 40.94 billion yuan and 28 billion yuan, growing by 23.2% and 6.7% respectively [4]

Company Overview - Powell Industries (POWL) is a US-based company that specializes in developing, designing, and manufacturing custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy [1] Investment Focus - The current investment strategy is centered around "Growth at a Reasonable Price," emphasizing a deep analysis of fundamentals and identifying catalysts that could drive significant alpha over a medium-term horizon [1] Market Analysis - The company operates within the oil and gas engineering sector, with a focus on understanding market drivers and trends that influence both the energy sector and global markets [1]

Core Points - Xu Zhou Rural Commercial Bank is committed to supporting the high-quality development of the manufacturing industry as part of its mission to serve the real economy [1][2] - The bank has introduced innovative financial products like "Su Zhi Loan" and "Su Ke Loan" to meet the diverse needs of manufacturing enterprises at different stages of development [1] Group 1 - Xu Zhou Rural Commercial Bank provided a 3 million yuan working capital loan to Jiangsu Ningyi Electric Equipment Co., Ltd., along with a pre-approved credit of 16 million yuan, facilitating the company's growth [1] - Xu Zhou Xudi Machinery Co., Ltd. received a 300 million yuan loan initially, followed by an additional 500 million yuan, resulting in a 30% increase in production efficiency and a product qualification rate of 99% after upgrading equipment [1] - Over the past two years, the bank's branch has provided 120 million yuan in credit support to 15 manufacturing enterprises in the industrial park, with an average production efficiency increase of over 30% for three companies that completed production line upgrades [1] Group 2 - The bank plans to continue its commitment to serving the real economy by increasing credit support for emerging industries such as high-end equipment manufacturing and intelligent manufacturing [2]

Group 1 - The core strategy of AS Harju Elekter Group is to focus on factory-based manufacturing while exiting the retail and wholesale business of electrical materials and equipment [1] - A merger process has been initiated between AS Harju Elekter and its wholly owned subsidiary Energo Veritas OÜ, with the merger agreement signed on 01 October 2025 [1] - Following the merger, Energo Veritas OÜ will be consolidated into AS Harju Elekter and will be deemed dissolved, with completion of necessary actions expected in the first quarter of 2026 [2]

Acquisition Details - Hubbell Incorporated has completed the acquisition of DMC Power, LLC from an affiliate of Golden Gate Capital [1] - The acquisition was financed through a new unsecured term loan facility totaling $600 million and issuances of commercial paper [1] Company Overview - DMC Power specializes in designing and manufacturing connector technology systems for high voltage power infrastructure, employing over 350 people [2] - DMC Power operates two manufacturing facilities located in Carson, CA and Olive Branch, MS, along with multiple distribution facilities across North America [2] Hubbell's Business Profile - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, with 2024 revenues reported at $5.6 billion [3] - The company focuses on enabling customers to operate critical infrastructure safely, reliably, and efficiently [3] - Hubbell's corporate headquarters is situated in Shelton, CT [3]

Powell Industries (POWL) FY Conference Summary Company Overview - Powell Industries is an electrical distribution company specializing in industrial electrical components, primarily located in the Gulf Coast and Houston [3][4] - The company celebrated its 70th anniversary and reported revenues exceeding $1 billion last year [4] Product and Service Offerings - Powell manufactures medium and low voltage switchgear and circuit breakers, with a focus on engineered-to-order (ETO) operations [6][9] - The company is agnostic to the power source (solar, wind, coal, hydro) and the application of power [10][11] - Powell's product range includes power control rooms and offshore modules, which are customized for specific electrical configurations [14][15] Market Segmentation - Core industrial markets account for 50-60% of revenue, including sectors like LNG, carbon capture, hydrogen, and legacy refineries [19][20] - The utility sector is also significant, focusing on generation and distribution, with no current involvement in transmission [30] - Data centers have emerged as a new sector, contributing approximately 15% of total revenue, with half of that attributed to data centers [22][45] Financial Performance - The company reported over $400 million in cash and zero debt as of the last fiscal quarter [32] - Powell has a robust R&D pipeline, with recent product launches across various sectors [33] - The backlog surpassed $1 billion in 2023, with a steady order cadence and a book-to-bill ratio of 1.1 in 2024 [40][41] Strategic Focus - Powell aims to enhance its automation and control solutions, recently acquiring a UK operation called REM Stack [19][28] - The company is focused on organic and inorganic growth, with plans to expand its product portfolio and services [30][31] - Powell's business model emphasizes flexibility and customer collaboration, allowing for on-site adjustments during projects [24][26] Geographic Revenue Distribution - Over 80% of revenues are generated in the United States, with a significant portion adhering to ANSI electrical standards [42][43] - International revenue includes operations in Canada and the UK, with a growing presence in IEC standards [13][43] Challenges and Risks - The company is monitoring potential tariff impacts, particularly concerning materials sourced from India and copper price fluctuations [50][52] - Powell has hedged against copper price spikes but remains vigilant about future supply chain challenges [51][53] Conclusion - Powell Industries is well-positioned in the electrical distribution market, with a strong financial foundation, diverse product offerings, and a strategic focus on growth and innovation across various sectors [46]

Company Overview - Powell Industries, Inc. is a leading supplier of custom engineered solutions for the management, control, and distribution of electrical energy [3] - The company designs, manufactures, and services custom-engineered equipment and systems for various markets including utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, and commuter railways [3] Upcoming Earnings Release - Powell Industries will release its fiscal third quarter results for the period ended June 30, 2025, on August 5, 2025, after market close [1] - A conference call to discuss the earnings will take place on August 6, 2025, at 11:00 a.m. eastern time [1][4] Conference Call Details - The conference call will be accessible via phone and live webcast, with a telephonic replay available until August 13, 2025 [2][4] - Participants can join the call by dialing specific numbers for domestic and international access [4]

Summary of Powell Industries Conference Call Company Overview - Powell Industries is a manufacturer of products that manage and control the flow of electricity in medium to large facilities, primarily in the oil and gas sector, which accounts for approximately 50% of its backlog and revenue [5][33] - The company operates seven manufacturing facilities, six in the US and Canada, and one in the UK [4] Core Business Insights - Powell is expanding into the utility market in the US, Canada, and the UK, with a growing focus on commercial and industrial sectors, which currently represent 15% of revenue [6] - The company specializes in engineered-to-order products, with a focus on complex projects that require significant engineering expertise [10] - Powell's market focus is on utility-scale distribution, handling voltages from 480 to 38,000 volts [9] Financial Performance - Powell reported a strong financial position with $389 million in cash, with 50% allocated to working capital [26] - The company has nearly doubled its revenue over the last five years, achieving $520 million in the first half of the fiscal year with a gross profit margin of 27.5% [28] - The backlog at the end of fiscal 2023 was $1.3 billion, with a 20% increase in orders and a 16% growth in revenue [31] Market Trends and Opportunities - The utility sector has become a significant growth area, representing 29% of the backlog, with expectations for continued growth [34] - Powell is exploring opportunities in battery storage and energy storage projects, although the market is still developing [40][41] - The company is also focusing on the data center market, which has seen increased demand, particularly for medium voltage solutions [50] Competitive Landscape - Powell competes with major players like ABB, Eaton, Schneider, and Siemens, but differentiates itself through its fully integrated manufacturing process and local market knowledge [21][22] - The company is the only US-based publicly traded manufacturer in its sector, which provides a unique competitive advantage [21] Strategic Initiatives - Powell is investing in research and development, having doubled its R&D spending over the last couple of years, and has launched three new products recently [27] - The company aims to enhance its service offerings beyond installation and commissioning, focusing on operational excellence and automation to address the shortage of electrical engineers [24][25] Operational Considerations - Powell is currently operating at about 85% capacity and is exploring ways to improve productivity through technology and engineering partnerships [58][59] - The company has plans to expand its facilities if demand continues to grow, particularly in the utility and data center sectors [52][60] Conclusion - Powell Industries is well-positioned for future growth, leveraging its strong financial position, expanding into new markets, and focusing on innovation and operational efficiency to meet increasing demand in the energy sector [61][62]