TPG has agreed to acquire Irth Solutions from Blackstone, aiming to enhance growth and customer value in critical infrastructure software.

Target Information

Irth Solutions, founded in 1985 and headquartered in Columbus, Ohio, is a prominent provider of enterprise software specifically designed for critical energy and infrastructure sectors. The company specializes in cloud-based solutions that seamlessly integrate geospatial data with business intelligence and artificial intelligence, delivering comprehensive situational awareness to infrastructure operators. Irth's mission-critical software protects the assets of some of the largest energy, utility, and telecommunications providers in the United States, ensuring the safe and reliable delivery of essential services. Serving over 20,000 users daily, Irth processes more than 130 million work orders and 500 million AI insights annually, enabling proactive risk identification and intervention for critical network infrastructure.

The leadership of Irth, under CEO Brad Gammons, emphasizes a commitment to innovation and customer value. Gammons states that with TPG's backing, there is confidence in enhancing Irth's capabilities to further deliver substantial value to its clientele while navigating the challenges faced by the industry.

Industry Overview in the United States

The energy and utilities sector in the United States is undergoing significant transformation driven by technological advancements and regulatory shifts. Companies in this industry must operate with heightened efficiency and safety, while concurrently addressing growing environme