Bregal Sagemount has made a growth investment in Irth Solutions, a provider of nation-wide field services to the utility, energy and telecom industries. Current investors in the company – Crane Group, GBB Holdings, and Main Street Capital – will remain as investors in the company.
The services provided by Irth Solutions are used to manage data, automate processes, and improve reporting resulting in higher productivity, compliance, safety, and asset performance. Customers include companies in the utility, energy and telecom industries. Irth Solutions is headquartered in Columbus, OH (www.irthsolutions.com).
“We continue to see increased demand for our software and services as our customers continue to seek operational efficiencies,” said G. Brent Bishop, President and CEO of Irth Solutions. “We serve more than 300 national customers across our market, including national organizations like PG&E, Marathon, and Verizon.”
“Irth Solutions’ innovations in delivering mobility, data management, process automation, and analytics, through a software-as-a-service model, are having dramatic impacts on their customer’s operations,” said Gene Yoon, Managing Partner at Bregal Sagemount. “With more than 80% of utility, energy, and telecom organizations actively investing in enterprise mobility solutions, Irth Solutions is poised to respond to new operational needs from their customers. We are enthusiastic about partnering with Irth Solutions to help drive future growth and market expansion.”
Bregal Sagemount makes control and non-control investments of $15 million to $150 million in companies active in the following sectors: software, digital infrastructure, healthcare IT and services, business and consumer services, financial technology and specialty finance. The firm makes both equity and junior debt investments and has $650 million in committed capital. Bregal Sagemount is based in New York (www.sagemount.com).
Investment bank Vaquero Capital (www.vaquerocap.com) served as financial advisor to Irth Solutions.
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-20-15
