Columbus-based irth Solutions, which provides 811 ticket management and field service management software, has been recapitalized under Gauge Capital, a middle-market private equity firm located in the Dallas/Fort Worth area.
“‘There is a large unaddressed segment of companies with critical assets, and with the recent investment from Gauge we plan to accelerate our market penetration, expand into other industry verticals and develop additional solutions within the FSM space that satisfy unmet needs of our customers” irth CEO Trent Peugh said in a statement.
As part of the investment, two employees of Gauge Capital have joined the company’s board. Vaquero Capital, a San Francisco investment bank, served as financial adviser to irth.
irth was founded in 1985. Its software helps companies in the energy, utilities and telecom sectors protect their critical assets.
