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Solv Energy Prices Upsized Common Stock Offering

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Solv Energy (MWH) priced an upsized public offering of 15 million class A common shares at $36 apiece, the company said late Thursday.

The offering comprises 7,698,410 shares by affiliates of American Securities, with the rest being offered by the company.

The selling stockholders and Solv Energy have granted a 30-day overallotment option to the underwriters to purchase up to 1,154,760 and 1,095,240 additional shares, respectively.

The company expects the offering to close Monday and plans to use the net proceeds to purchase limited liability company interests in Solv Energy Holdings from its existing holders, among other things.

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