Ropes & Gray Represents Irth Solutions in its Sale to Blackstone Energy Partners
Ropes & Gray represented Irth Solutions, a portfolio company of Gauge Capital, in its sale to Blackstone Energy Partners. The transaction was announced on Dec. 1 in a press release and is expected to close before the end of the year. Terms of the transaction were not disclosed.
Irth is a leading provider of cloud-based software-as-a-service (“SaaS”) solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets. Its products and services support electric grid resiliency, electric vehicle penetration, 5G infrastructure build-out, emissions reductions effort and help improve the safety and efficiency of pipeline operations.
Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. The firm manages approximately $2 billion.
The Ropes & Gray team that represented Irth Solutions was led by private equity transactions partner Matthew Richards (Chicago) and private equity transactions associates Andrew Pomranke (Chicago), Steven Obiajulu (Chicago), and included leveraged finance partner Alexander Zeltser (New York), tax partner Aaron Harsh (Boston), tax associate Tristan Evans-Wilent (New York), IP transactions partner Edward Black (Boston), benefits partner Matt Jones (Chicago), labor & employment partner Douglas Brayley (Boston), and antitrust counsel Deidre Johnson (Boston).