Inbizzy, San Francisco, California & Columbus, Ohio, — Global alternative asset management firm TPG has announced a definitive agreement to acquire Irth Solutions, a leading provider of enterprise software for critical energy and infrastructure sectors, from Blackstone Energy Transition Partners. The transaction will be completed through TPG Growth, the firm’s middle-market and growth equity platform, and is expected to close in late 2025.
Founded in 1985, Irth Solutions offers cloud-based software that integrates geospatial data, business intelligence, and artificial intelligence (AI) to provide 360-degree situational awareness for infrastructure operators. Its solutions enable proactive risk detection, mitigation, and management, ensuring the safe and reliable delivery of essential services. Currently, Irth’s platform serves over 20,000 daily users, processes 130 million work orders, and generates 500 million AI insights annually.
“With TPG’s support and expertise in software, AI, and infrastructure, we are confident this partnership will strengthen our ability to deliver greater value to our customers and accelerate innovation to meet the evolving challenges in the energy and utilities sector,” said Brad Gammons, CEO of Irth Solutions.
TPG emphasized the critical role of AI-powered solutions in helping energy and utility providers manage growing operational risks.
“We are excited to partner with Brad and the Irth team to support the continued growth of a company that keeps infrastructure secure and the world connected,” said Aaron Matto, Business Unit Partner at TPG.
Blackstone, which has partnered with Irth since 2021, expressed confidence in the company’s future under TPG’s leadership.
Financial terms of the transaction were not disclosed. Evercore and Lazard acted as financial advisors to Blackstone and Irth Solutions, while Cantor Fitzgerald and Lincoln International advised TPG.
