Portfolio Company Update  |  December 9, 2021

Gauge Capital Signs Definitive Purchase Agreement to sell Irth Solutions

Southlake, TX – Gauge Capital, LLC (“Gauge”), a leading middle market private equity firm, has announced that it has entered into a definitive purchase agreement to sell Irth Solutions (“Irth”) to Blackstone Energy Partners. The transaction is expected to close prior to year-end.

Headquartered in Columbus, Ohio, Irth Solutions is a multi-tenant, software-as-a-service (“SaaS”) platform that provides damage prevention, asset protection, and risk management solutions to owners and operators of critical network infrastructure such as electric and gas lines, fiber optic cabling, and pipelines.

“We invested in Irth Solutions believing it provided the best-in-class solution for 811 ticket management and could leverage its modern platform, experienced development team, and customer relationships to create additional damage prevention solutions,” said Tom McKelvey, Co-Founder and Managing Partner at Gauge Capital.

“We are excited about the outcome of this transaction, which we believe is great for our current shareholders while also providing an exciting opportunity for our new sponsor, Blackstone,” said Brad Gammons, Chief Executive Officer of Irth. “We’re excited about the opportunity to expand upon what we’ve built and broaden the set of solutions we can offer to our customers.”

Lazard and Lincoln International acted as financial advisors to Irth. Ropes & Gray acted as the company’s legal advisor.

About Irth Solutions

Irth Solutions, headquartered in Columbus, Ohio, is the leading provider of cloud-based asset protection solutions to improve resilience of critical asset infrastructure, including their flagship 811 ticket management solution. Clients have trusted Irth Solutions for decades to manage and reduce risk, decrease costs, increase revenue opportunities and ensure regulatory compliance. Artificial intelligence and analytics power additional insights for early detection of emerging problems. Irth Solutions has helped hundreds of customers execute the work that is most important to their success in a world where safety, resilience and reliability are paramount

About Gauge Capital

Gauge Capital is a private equity firm that partners with founders, managers and equity stakeholders of successful middle market companies to maximize their potential. Gauge invests in rapidly growing services and technology-enabled companies in the healthcare services, business services, industrial, consumer and food sectors. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com.