TPG has acquired Irth, a leading provider of SaaS cloud-based technology for critical network infrastructure management, for an undisclosed amount. This corporate acquisition sees TPG taking full ownership of Irth, which specializes in solutions for 811 tickets, land rights, and risk management across various essential industries.
Irth's market-leading platform serves companies in the energy, gas utility, electric utility, municipality, contract locator, telecom, and media sectors. For nearly three decades, Irth has developed best practices and data-driven solutions to enhance the resilience of network infrastructure. Its offerings include comprehensive damage prevention tools, asset integrity software leveraging machine learning, and land management solutions for streamlining land rights, payments, and compliance.
The purchase by TPG is a strategic move to capitalize on Irth's established market leadership and its crucial role in mitigating risks for critical infrastructure. TPG gains a robust SaaS business with a loyal customer base and proven technology that addresses expanding threats and regulatory demands in the utility and energy sectors. This acquisition aims to support Irth’s continued innovation and expansion, reinforcing its capabilities in delivering essential data-driven insights for asset performance and resilience.
Through this acquisition, the combined entity is poised to further enhance the safety, reliability, and resilience of critical infrastructure across North America. The integration is expected to accelerate the development of Irth’s advanced solutions, enabling greater efficiency and proactive risk management for its customers. This new chapter for Irth under TPG's ownership is anticipated to solidify its position as a vital partner in infrastructure development and management.