Deal Details
MIRATECH Is Acquired by TPG Rise Climate
Summary
MIRATECH Holdings, Inc. (“MIRATECH” or the “Company”), a portfolio company of BP Energy Partners (“BPEP”), has recently been acquired by TPG Rise Climate. Terms of the transaction have not been disclosed.
Baird served as exclusive financial advisor to MIRATECH on this transaction.
About
MIRATECH is a market leader in critical emissions reduction technology and compliance solutions serving data center, power generation, distributed power, energy infrastructure and industrial end markets. The Company’s core mission is to improve the environment by providing highly-engineered solutions that reduce air and noise pollution. MIRATECH's product and service capabilities significantly reduce, or eliminate, key criteria pollutants such as carbon monoxide, NOx, hydrocarbons, particulate matter, VOCs, hazardous air pollutants (HAPs) and various other pollutants from the environment. These differentiated solutions enable customers to meet or exceed emissions regulations within the US and internationally. MIRATECH has a global footprint with presence in 65+ countries and is headquartered in Tulsa, Oklahoma.BPEP is a lower-middle market private equity firm that invests alongside entrepreneurs, family-owned businesses and companies through growth equity and buyout transactions. The firm focuses on energy and energy-intensive industries and companies that generate returns and reduce emissions while ensuring affordability, security and reliability. BPEP targets diversification across the following themes: Value-Add Infrastructure, the Natural Gas Value Chain, Electrification and Environmental Management. Founded in 2013 and initially sponsored by T. Boone Pickens, BPEP manages over $600 million in committed capital. BPEP is based in Dallas, Texas.
TPG Rise Climate is the dedicated climate investing strategy of TPG’s $19 billion global impact investing platform. TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals, the strategic relationships developed across TPG’s existing portfolio of climate-focused companies and a global network of executives and advisors. The fund takes a broad-based sector approach to investment types, from growth equity to value-added infrastructure, and focuses on climate solutions in the following thematic areas: clean electrons, clean molecules and materials and negative emissions. TPG Rise Climate is based in Fort Worth, Texas.
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- Date
- September 2024
- Company
- MIRATCH Holdings, Inc.
- Transaction
- M&A - Sellside
- Sectors
-
Energy
Industrial - Verticals
-
Energy Transition Solutions
Energy
Flow, Motion and Power Technologies
Water & Filtration
- Target Geography
- North America
- Acquiror Geography
- North America
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