Gauge Capital has agreed to sell Irth Solutions to Blackstone (NYSE: BX)
Irth is a leading provider of cloud-based, Software as a Service solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets. Additionally, Irth collects and analyzes operational and environmental data and runs risk management analytics for its blue-chip customer base across the energy, utilities, telecom and media end markets. The company’s products and services support electric grid resiliency, electric vehicle penetration, 5G infrastructure build out, emissions reduction efforts and help improve the safety and efficiency of pipeline operations.
The acquisition of Irth continues Blackstone Energy Partners’ focus on investing in companies that support critical infrastructure and the global energy transition. Kush Patel, Managing Director at Blackstone, commented, “Irth is well positioned to benefit from the tailwinds impacting each of the company’s end markets. Irth can be a key partner for electric utilities, telecom companies and energy infrastructure operators as they improve and expand operations, while reducing environmental impacts.” Brad Gammons, Chief Executive Officer of Irth Solutions, added, “The entire team is thrilled to have the support of Blackstone and their resources. We believe their expertise in infrastructure, energy services, data science and technology will be invaluable as we increasingly look to scale and strengthen our services and capabilities.”
This transaction is a great representation of the growing investor interest and momentum in mergers and acquisitions across the industrial, energy and utility software markets. Irth is well positioned to be a leading software provider to large customers across critical network infrastructure markets, which are in the midst of a massive and enduring technology upgrade and increasingly rely on trusted partners, such as Irth, to meet their rapidly evolving needs.
Lincoln provided invaluable insights at each stage of the process, driven by deep industry knowledge, intimate buyer relationships and strong process expertise.
Meet our Senior Team
I am inspired by working with entrepreneurs and innovators who feel passionately about what they are creating.
Managing DirectorSan Francisco
View More Transactions in Technology, Media & Telecom
Lincoln International advised SiXworks on receiving significant investment from Chiltern Capital
Lincoln International advised Palisade Software, a portfolio company of Thompson Street Capital Partners, on the sale of TA Associates and combined with Lumivero
Lincoln International advised Pamlico Capital on a strategic investment in InRule
Lincoln International has advised Revenue Analytics on receiving a strategic growth investment from Lead Edge Capital
Lincoln International advised Founding shareholder and Scheybeeck on the sale of a majority stake in Monta to DHL
Lincoln International advised Amber Infrastructure on the sale of NextGenAccess to ITS Technology Group, a portfolio company of Aviva
Lincoln International advised Souter Investments and RJD Partners on the sale of Stone Technologies Group to Converge Technology Solutions
Lincoln International advised Ocelot on receiving strategic investment from K1 Investment Management
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.