Corporate ActionApr 28, 2026, 06:13 AM
GMRS Files S-1/A for IPO of Class A Common Stock
AI Summary
GMR Solutions Inc. filed an S-1/A for its initial public offering of Class A common stock, with the expected price range and number of shares not yet determined. The company intends to list its Class A common stock on the NYSE under the symbol "GMRS". A concurrent private placement by KKR Stockholder, Ares, and HPS is anticipated, after which KKR Stockholder will make GMR a "controlled company". For the year ended December 31, 2025, GMR reported $5,739.8 million in revenue (-4% YoY), $206.2 million in net income (+911% YoY), and $1,186.2 million in Adjusted EBITDA (+8% YoY). The 2025 revenue change was influenced by divestitures of non-core businesses in Q4 2024.
Key Highlights
- GMRS filed S-1/A for its initial public offering of Class A common stock.
- Expected IPO price range and number of shares to be offered are not yet determined.
- Class A common stock intends to list on the NYSE under the trading symbol "GMRS".
- KKR Stockholder, Ares, and HPS are expected to participate in a concurrent private placement.
- KKR Stockholder will beneficially own an undisclosed voting power, making GMRS a "controlled company".
- 2025 revenue was $5,739.8 million, a (4)% change from 2024.
- 2025 net income was $206.2 million, a 911% change from 2024.
- 2025 Adjusted EBITDA was $1,186.2 million, an 8% change from 2024.