X0202 SCHEDULE 13G 0001475483 XXXXXXXX LIVE Class A Common Stock, par value $0.0001 per share 03/31/2026 0002065636 SOLV Energy, Inc. 78475V103 16680 West Bernardo Drive San Diego CA 92127 Rule 13d-1(d) ASP Endeavor Investco LP b DE 0.00 15045945 0.00 15045945 15045945 N 11.5 PN In reference to Rows 6, 8 and 9 above, amounts consist of 52,201 shares of Class A common stock, par value $0.0001 per share ("Class A common stock), of SOLV Energy, Inc. (the "Issuer") and 14,993,744 common units ("LLC Interests") of SOLV Energy Holdings LLC ("Opco") directly held by the Reporting Person. See Item 2 for more information. Pursuant to the limited liability company agreement ("LLCA") of Opco, as disclosed in the prospectus of the Issuer, dated February 10, 2026 (the "IPO Prospectus"), the Reporting Person is entitled to redeem LLC Interests for, at the Issuer's election, shares of Class A common stock on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the LLCA. Upon a redemption of LLC Interests, an equal number of shares of Class B common stock of the Issuer also held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration. Each share of Class B common stock entitles the holder thereof to one vote per share but carries no economic rights. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Issuer's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 25, 2026 (the "Form 10-K") and (b) assumes that all 14,993,744 LLC Interests directly held by the Reporting Person are exchanged for newly issued shares of Class A common stock on a one-for-one basis. ASP SOLV Aggregator LP b DE 0.00 42992485 0.00 42992485 42992485 N 27.2 PN In reference to Rows 6, 8, and 9 above, amount consists of 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by the Reporting Person. See Item 2 for more information. Pursuant to the LLCA of Opco, as disclosed in the IPO Prospectus, the Reporting Person is entitled to redeem LLC Interests for, at the Issuer's election, shares of Class A common stock on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the LLCA. Upon a redemption of LLC Interests, an equal number of shares of Class B common stock of the Issuer also held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration. Each share of Class B common stock entitles the holder thereof to one vote per share but carries no economic rights. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 42,844,686 LLC Interests directly held by the Reporting Person are exchanged for newly issued shares of Class A common stock on a one-for-one basis. ASP VIII Alternative Investments Solstice, L.P. b DE 0.00 91573571 0.00 91573571 91573571 N 79.4 PN In reference to Rows 6, 8, and 9 above, amount consists of Class A common stock directly held by the Reporting Person. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on 115,348,571 shares of Class A common stock outstanding as of March 24, 2026, as reported on the Form 10-K. American Securities Partners VIII(B), L.P. b DE 0.00 58038430 0.00 58038430 58038430 N 33.5 PN In reference to Rows 6, 8, and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. ASP VIII Alternative Investments L.P. b DE 0.00 58038430 0.00 58038430 58038430 N 33.5 PN In reference to Rows 6, 8, and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. AS/ASP VIII Co-Investor LLC b DE 0.00 58038430 0.00 58038430 58038430 N 33.5 OO In reference to Rows 6, 8, and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. American Securities Associates VIII, LLC b DE 0.00 58038430 0.00 58038430 58038430 N 33.5 OO In reference to Rows 6, 8, and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP and all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. ASP VIII SOLV Holdings LP b DE 0.00 91573571 0.00 91573571 91573571 N 79.4 PN In reference to Rows 6, 8, and 9 above, amounts consist of 91,573,571 shares of Class A common stock directly held by ASP VIII Alternative Investments Solstice, L.P. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on 115,348,571 shares of Class A common stock outstanding as of March 24, 2026, as reported on the Form 10-K. ASP VIII CSE Holdings LP b DE 0.00 91573571 0.00 91563571 91573571 N 79.4 PN In reference to Rows 6, 8, and 9 above, amounts consist of 91,573,571 shares of Class A common stock directly held by ASP VIII Alternative Investments Solstice, L.P. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on 115,348,571 shares of Class A common stock outstanding as of March 24, 2026, as reported on the Form 10-K. SOLV Energy Management Holdings LP b DE 0.00 25164146 0.00 25164146 25164146 N 17.9 PN In reference to Rows 6, 8 and 9 above, amounts consist of 25,164,146 LLC Interests directly held by the Reporting Person. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 25,164,146 LLC Interests directly held by the Reporting Person are exchanged for newly issued shares of Class A common stock on a one-for-one basis. ASP Manager Corp. b DE 0.00 174776147 0.00 174776147 174776147 N 88.1 CO In reference to Rows 6, 8 and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP, (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP, (iii) 91,573,571 shares of Class A common stock directly held by ASP VIII Alternative Investments Solstice, L.P. and (iv) 25,164,146 LLC Interests directly held by SOLV Energy Management Holdings LP. See Item 2 for more information. In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC interests directly held by ASP Endeavor Investco LP, all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP and all 25,164,146 LLC Interests directly held by SOLV Energy Management Holdings LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. American Securities LLC b DE 0.00 174776147.00 0.00 174776147 174776147 N 88.1 OO In reference to Rows 6, 8 and 9 above, amount consists of (i) 52,201 shares of Class A common stock and 14,993,744 LLC Interests directly held by ASP Endeavor Investco LP, (ii) 147,799 shares of Class A common stock and 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP, (iii) 91,573,571 shares of Class A common stock directly held by ASP VIII Alternative Investments Solstice, L.P. and (iv) 25,164,146 LLC Interests directly held by SOLV Energy Management Holdings LP. See Item 2 for more information In reference to Row 11 above, the percentage of ownership is based on (a) 115,348,571 shares of Class A common stock outstanding as of March 24, 2026 as reported on the Form 10-K and (b) assumes that all 14,993,744 LLC interests directly held by ASP Endeavor Investco LP, all 42,844,686 LLC Interests directly held by ASP SOLV Aggregator LP and all 25,164,146 LLC Interests directly held by SOLV Energy Management Holdings LP are exchanged for newly issued shares of Class A common stock on a one-for-one basis. SOLV Energy, Inc. 16680 West Bernardo Drive, San Diego, CA 92127 This Schedule 13G is being jointly filed by ASP Endeavor Investco LP ("ASP Investco"), ASP SOLV Aggregator LP ("ASP SOLV Aggregator"), ASP VIII Alternative Investments Solstice, L.P. ("New ASP"), American Securities Partners VIII(B), L.P. ("Sponsor 1"), ASP VIII Alternative Investments L.P ("Sponsor 2"), AS/ASP VIII Co-Investor LLC ("Sponsor 3"), American Securities Associates VIII, LLC ("AS Associates VIII"), ASP VIII SOLV Holdings LP ("AS Aggregator 1"), ASP VIII CSE Holdings LP ("AS Aggregator 2"), SOLV Energy Management Holdings LP ("Management Holdings"), ASP Manager Corp. ("ASP Manager") and American Securities LLC ("AS LLC"). Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Sponsor 1, Sponsor 2 and Sponsor 3 are the owners of the partnership interests in ASP Investco and ASP SOLV Aggregator. AS Associates VIII is the general partner of Sponsor 1 and Sponsor 2. AS LLC provides investment advisory services to Sponsor 1 and Sponsor 2. AS Aggregator 1 and AS Aggregator 2 are the owners of the partnership interests in New ASP. AS LLC is also the sole stockholder of ASP Manager, which is the general partner of ASP Investco, ASP SOLV Aggregator, AS Aggregator 1, AS Aggregator 2 and Management Holdings and the manager of Sponsor 3. All LLC Interests and shares of Class B common stock of the Issuer held directly by Management Holdings are attributable on a one-for-one basis with the interests of the limited partners of Management Holdings, who are executive officers of the Issuer and other employees, former employees and other service providers of the Issuer and its direct and indirect subsidiaries. Such individuals are each entitled to vote such shares of Class B common stock in accordance with the governing documents of Management Holdings. None of the Reporting Persons own any of the economic interests in Management Holdings. 590 Madison Avenue, 38th Floor, New York, NY 10022 See responses to Item 4 of the Cover Page for each Reporting Person, which is incorporated herein by reference. Y The information set forth on Row 9 of the Cover Pages and related notes thereto for each Reporting Person is incorporated by reference herein for each such Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of each such Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose. The information set forth in Row 11 of the Cover Pages for each Reporting Person is herein incorporated by reference. 0.00 The information set forth on Row 6 of the Cover Pages and related notes thereto for each Reporting Person is incorporated by reference herein for each such Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of each such Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose. 0.00 The information set forth on Row 8 of the Cover Pages and related notes thereto for each Reporting Person is incorporated by reference herein for each such Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of each such Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose. Y N Under certain circumstances, partners, members and/or shareholders of the Reporting Persons, as the case may be, could have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Class A common stock owned by such Reporting Persons. Y Y Y Y Exhibit Information Exhibit A - Joint Filing Agreement, dated as of May 7, 2026, by and among the Reporting Persons ASP Endeavor Investco LP /s/ Eric L. Schondorf 05/07/2026 ASP SOLV Aggregator LP /s/ Eric. L. Schondorf 05/07/2026 ASP VIII Alternative Investments Solstice, L.P. /s/ Michael G. Fisch 05/07/2026 American Securities Partners VIII(B), L.P. /s/ Michael G. Fisch 05/07/2026 ASP VIII Alternative Investments L.P. /s/ Michael G. Fisch 05/07/2026 AS/ASP VIII Co-Investor LLC /s/ Eric L. Schondorf 05/07/2026 American Securities Associates VIII, LLC /s/ Michael G. Fisch 05/07/2026 ASP VIII SOLV Holdings LP /s/ Eric L. Schondorf 05/07/2026 ASP VIII CSE Holdings LP /s/ Eric L. Schondorf 05/07/2026 SOLV Energy Management Holdings LP /s/ Eric L. Schondorf 05/07/2026 ASP Manager Corp. /s/ Eric L. Schondorf 05/07/2026 American Securities LLC /s/ Michael G. Fisch 05/07/2026