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 environmental concerns and the need for sustainable practices. The integration of artificial intelligence and cloud technologies is critical for modernization, enabling these firms to mitigate risks and optimize operations to ensure uninterrupted service delivery to millions of consumers.
The demand for reliable, real-time data has never been greater. As service providers face the dual challenges of aging infrastructure and increasing environmental regulations, adopting advanced software solutions to bolster operational resilience has become imperative. The landscape is highly competitive, compelling companies to innovate continually in order to maintain market relevance and satisfy evolving consumer expectations.
In this context, solutions like those offered by Irth Solutions are invaluable, providing critical insights that empower energy and utility companies to preemptively address potential failures and enhance overall operational integrity.
Rationale Behind the Deal
The acquisition of Irth Solutions by TPG is strategically aligned with the growing need for advanced software solutions across the energy and utilities sector. TPG aims to leverage its extensive experience in software, AI, and infrastructure to accelerate Irth’s growth trajectory and expand its market reach. The partnership promises to enhance Irth's ability to offer innovative solutions that cater to the evolving requirements of its customers, enabling them to cope with increasing operational risks and improve service delivery.
Investor Information
TPG, founded in San Francisco in 1992, is a preeminent global alternative asset management firm managing $261 billion in assets. TPG engages in a diverse array of investment strategies, including private equity, credit, and market solutions, driven by a collaborative and innovative approach. With deep industry expertise, TPG is well-equipped to elevate Irth's operational capabilities and expand its service portfolio within the critical infrastructure domain.
TPG has a rich history of investing in mission-critical software businesses, emphasizing the value of purpose-built technological solutions. The firm’s commitment to fostering innovation within the energy and utilities sector positions it as an ideal partner for Irth as they embark on their next growth phase.
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This acquisition is viewed positively as a strategic move by both TPG and Irth Solutions. TPG’s extensive experience in scaling software companies, combined with Irth’s established market presence, suggests a strong potential for accelerated growth. The investment not only aims to enhance Irth's product offerings but also aligns with the increasing demand for digital and data-driven solutions in the critical infrastructure landscape.
TPG
invested in
Irth Solutions
in 2025
in a Growth Equity deal