Global alternative asset management firm TPG has plans to acquire Irth Solutions, a provider of enterprise software for critical energy and infrastructure companies, from Blackstone Energy Transition Partners.
Founded in 1985, Irth provides cloud-based software solutions that integrate geospatial data with business intelligence and artificial intelligence (AI) to offer 360-degree situational awareness for infrastructure operators, enabling proactive risk identification, mitigation and management. The company’s solutions protect the assets of some of the nation’s largest energy, utility and telecommunications providers, and its platform serves more than 20,000 daily users.
TPG will acquire Irth via TPG Growth, the firm’s middle-market and growth equity platform. Financial terms were not disclosed.
“Energy and utilities companies face constant pressure to deliver services safely, sustainably and without interruption for millions each day,” said Aaron Mat
