Key Takeaways
- • TPG Growth acquires Irth Solutions from Blackstone Energy Transition Partners in a definitive agreement announced August 26, 2025, with closing expected in late 2025.
- • Irth, founded in 1985 and headquartered in Columbus, Ohio, is a cloud-based SaaS provider serving over 20,000 daily users across energy, utility, and telecommunications sectors with geospatial data integration and AI-driven infrastructure intelligence.
- • The platform processes 130 million work orders and 500 million AI insights annually, delivering mission-critical risk identification and mitigation solutions for some of the nation's largest infrastructure operators.
- • TPG Growth's acquisition aims to leverage TPG's software, AI, and infrastructure expertise to accelerate Irth's innovation and expand value delivery to customers managing critical network resilience and reliability.
- • The transaction represents a secondary acquisition, with Blackstone Energy Transition Partners exiting its ownership stake after building Irth's enterprise software capabilities in the energy infrastructure sector.
Summary
TPG, a leading global alternative asset management firm, has entered into a definitive agreement to acquire Irth Solutions from Blackstone Energy Transition Partners. The transaction will be completed through TPG Growth, the firm's middle market and growth equity platform, with closing anticipated in late 2025. This acquisition represents a secondary transaction, marking Blackstone's exit from its ownership position in the Columbus, Ohio-based software company.
Irth Solutions, established in 1985, operates as a critical enterprise software provider for energy and infrastructure operators. The company delivers cloud-based SaaS solutions that integrate geospatial data with business intelligence and artificial intelligence capabilities, providing customers with 360-degree situational awareness for proactive risk identification and mitigation. Irth's platform serves more than 20,000 daily users and processes substantial operational volumes: 130 million work orders and 500 million AI insights annually. These capabilities enable infrastructure operators to detect emerging weaknesses and implement prompt resolutions, supporting the safe and reliable delivery of essential services.
The company's customer base includes some of the nation's largest energy, utility, and telecommunications providers, for whom Irth's mission-critical solutions protect core assets and operational continuity. Brad Gammons, Irth's CEO, stated that TPG's support and expertise in software, AI, and infrastructure position the firm as the optimal partner for the company's next growth phase. Management highlighted that the partnership will strengthen Irth's ability to deliver enhanced value to customers while accelerating innovation in resilience, reliability, and risk management solutions—increasingly important as infrastructure operators navigate evolving operational and environmental risks.
This acquisition underscores TPG Growth's continued focus on middle market software and infrastructure businesses with essential service delivery profiles. The deal reflects ongoing capital deployment into enterprise software serving critical infrastructure sectors, where digital transformation, AI integration, and predictive analytics command sustained investment activity among alternative asset managers.
Irth Solutions, established in 1985, operates as a critical enterprise software provider for energy and infrastructure operators. The company delivers cloud-based SaaS solutions that integrate geospatial data with business intelligence and artificial intelligence capabilities, providing customers with 360-degree situational awareness for proactive risk identification and mitigation. Irth's platform serves more than 20,000 daily users and processes substantial operational volumes: 130 million work orders and 500 million AI insights annually. These capabilities enable infrastructure operators to detect emerging weaknesses and implement prompt resolutions, supporting the safe and reliable delivery of essential services.
The company's customer base includes some of the nation's largest energy, utility, and telecommunications providers, for whom Irth's mission-critical solutions protect core assets and operational continuity. Brad Gammons, Irth's CEO, stated that TPG's support and expertise in software, AI, and infrastructure position the firm as the optimal partner for the company's next growth phase. Management highlighted that the partnership will strengthen Irth's ability to deliver enhanced value to customers while accelerating innovation in resilience, reliability, and risk management solutions—increasingly important as infrastructure operators navigate evolving operational and environmental risks.
This acquisition underscores TPG Growth's continued focus on middle market software and infrastructure businesses with essential service delivery profiles. The deal reflects ongoing capital deployment into enterprise software serving critical infrastructure sectors, where digital transformation, AI integration, and predictive analytics command sustained investment activity among alternative asset managers.
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