Blackstone Energy Partners’ Acquisition of Irth Solutions

Ropes & Gray represented Irth Solutions in the transaction, while Kirkland & Ellis represented Blackstone Energy Partners.

Blackstone Energy Partners has agreed to acquire Irth Solutions (“Irth”). 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.

Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. The firm manages approximately $2 billion.

Blackstone Energy Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested over $20 billion of equity globally across a broad range of sectors within the energy industry. 

The Ropes & Gray team that represented Irth Solutions was led by private capital transactions partner Matthew Richards (Chicago) and private capital transactions associates Andrew Pomranke (Chicago), Steven Obiajulu (Chicago), and Hayk Badalyan (San Francisco), and included leveraged finance partner Alexander Zeltser (New York), tax partners Aaron Harsh (Boston) and Kat Saunders Gregor (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), antitrust counsel Deidre Johnson (Boston), and litigation & enforcement associate Brandon Sisson (Boston).

The Kirkland team was led by corporate partners Rhett Van Syoc and Robert Goodin and associates Jacqueline Scioli, Jessica Berkowitz, Josue Medina and Trevor Sloan, tax partners Mark Dundon and Joe Tobias and associate Courtney Loyack, technology & IP transactions partners Matthew Lovell and Amber Harezlak and associate Andrew Abokhair, executive compensation partner Jared Whalen and associate Katherine Nemeth, transactional liability insurance partner Hayley Hollender, and ESG & impact partner Mary Beth Houlihan. 

Involved fees earner: Andrew Abokhair – Kirkland & Ellis; Jessica Berkowitz – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Robert Goodin – Kirkland & Ellis; Amber Harezlak – Kirkland & Ellis; Hayley Hollender – Kirkland & Ellis; Mary Beth Houlihan – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Courtney Loyack – Kirkland & Ellis; Josue Medina – Kirkland & Ellis; Katherine Nemeth – Kirkland & Ellis; Jacqueline Scioli – Kirkland & Ellis; Trevor Sloan – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; Rhett Van Syoc – Kirkland & Ellis; Jared Whalen – Kirkland & Ellis; Hayk Badalyan – Ropes & Gray; Edward Black – Ropes & Gray; Douglas Brayley – Ropes & Gray; Tristan Evans-Wilent – Ropes & Gray; Aaron Harsh – Ropes & Gray; Deidre Johnson – Ropes & Gray; Matthew Jones – Ropes & Gray; Steven Obiajulu – Ropes & Gray; Andrew Pomranke – Ropes & Gray; Matthew Richards – Ropes & Gray; Kat Saunders Gregor – Ropes & Gray; Brandon Sisson – Ropes & Gray; Alexander Zeltser – Ropes & Gray;

Law Firms: Kirkland & Ellis; Ropes & Gray;

Clients: Blackstone Energy Partners; Irth Solutions;