InvestmentMay 4, 2026, 06:13 AM
GMR Solutions to IPO 31.9M Class A Shares at $22-$25; KKR to Invest $350M
AI Summary
GMR Solutions Inc. filed an amendment to its S-1 registration statement for its initial public offering, proposing to offer 31,914,893 shares of Class A common stock at an expected price range of $22.00 to $25.00 per share. Concurrently, KKR Stockholder, Ares, and HPS plan to invest $350 million in Private Placement Warrants. The company reported 2025 revenue of $5,739.8 million, a 4% decrease year-over-year, but net income surged 911% to $206.2 million, and Adjusted EBITDA increased 8% to $1,186.2 million. GMR Solutions will be a "controlled company" post-offering, with KKR Stockholder owning approximately 75.5% of the voting power, and faces substantial indebtedness of over $5 billion.
Key Highlights
- GMR Solutions Inc. is offering 31,914,893 shares of Class A common stock in its initial public offering.
- The expected initial public offering price range is between $22.00 and $25.00 per share.
- KKR Stockholder, Ares, and HPS are expected to purchase $350,000,000 of Private Placement Warrants concurrently.
- The company has applied to list its Class A common stock on the NYSE under the trading symbol "GMRS".
- For the year ended December 31, 2025, revenue was $5,739.8 million, a 4% decrease from 2024.
- Net income for 2025 was $206.2 million, representing a 911% increase compared to 2024.
- Adjusted EBITDA for 2025 was $1,186.2 million, an 8% increase from 2024.
- As of December 31, 2025, the company had substantial indebtedness of $5,045.9 million.