Published by Todd Bush on September 4, 2024
DALLAS and TULSA, Okla., Sept. 4, 2024 /PRNewswire/ --BP Energy Partners, LLC ("BPEP"), a Dallas, Texas-based investment manager, has closed on the sale of MIRATECH Corp. ("MIRATECH" or "the Company"), a portfolio company of BP Natural Gas Opportunity Partners II, L.P.
>> In Other News: Oxylus Energy Raises $4.5 Million Seed Round for Clean Fuel Technology
Founded in 1992, after the passage of the 1990 Clean Air Act, MIRATECH has emerged as the North American market leader in providing cost-effective, technologically advanced emissions control and compliance solutions to the power generation, energy infrastructure, industrial, OEM and marine markets.
Over the term of BPEP's partnership, MIRATECH's differentiated engineering capabilities and domain expertise in stationary power generation, compression, and data centers have enabled the Company to scale and successfully meet the strong demand for emissions reduction solutions within distributed power, critical data infrastructure, and other hard-to-decarbonize sectors including energy infrastructure, marine, and construction.
"As the global economy becomes more data-driven, energy and power demand continue to grow beyond existing grid capabilities, highlighting a need for practical solutions that provide security, redundancy and reliability," said Dennis Hamilton, Managing Director at BP Energy Partners. "MIRATECH's solutions have proven critical in addressing emissions challenges across energy and energy-intensive industries. It has been a pleasure partnering with MIRATECH to support their growth and commitment to addressing these challenges."
"We are proud of the entire MIRATECH team for building a world-class energy transition business focused on delivering highly engineered emissions solutions with technical and regulatory expertise," said Michael Watzky, BP Energy Partners' Co-Founder and Managing Partner. "We wish them continued success in their new partnership with a premier sponsor."
"MIRATECH is extremely proud of what we've accomplished and built over the term of our partnership with BP Energy Partners," said David Zenthoefer, CEO of MIRATECH. "We enjoyed working closely with the BPEP team who immediately understood and supported our vision for growth across our dynamic and evolving end markets. We're excited to continue to serve the growing future needs of global emissions reduction."
Baird acted as financial advisor, and The Garden Law Group and Locke Lord LLP served as legal counsel to BPEP and MIRATECH in connection with the transaction.
MIRATECH is a North American market leader in emissions reduction technology and compliance solutions. MIRATECH is headquartered in Tulsa, OK with additional manufacturing capacity Houston, TX, Prior Lake, MN, Knoxville, TN, Winnipeg, Canada, and Sinntal, Germany. The company's core mission is to improve the environment by providing engineered solutions that reduce air and noise pollution. Their product and service expertise lies in significantly reducing or eliminating key criteria pollutants such as Carbon Monoxide, Oxides of Nitrogen, Hydrocarbons, Particulate Matter, VOCs, Hazardous Air Pollutants (HAPs), Air Toxics, and various other pollutants from the environment.
BP Energy Partners is a Dallas, Texas based 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. Investment themes include 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. For more information, visit www.bpenergypartners.com.
SOURCE BP Energy Partners
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Inside This Issue 🛑 BP Pauses Project to Pipe, Store Carbon Emissions Underground in Indiana Indefinitely 🤝 Deep Sky Announces Multi-Year Offtake Agreement with Rubicon Carbon 🤖 Automating Hydroge...
Industry-first framework addresses critical gaps in carbon capture verification, enabling safer, more bankable projects DNV has released a new service specification (DNV-SE-0696) for the verificat...
Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Clean energy and digital infrastructure projects at Cadiz expected to generate $7-$10 million per year in lease revenue and water supply sales, in addition to supporting sustainable water and farmi...
Expro Wins Well Test Contract for Major UK CCS Project
Latest contract extends Expro’s decade-plus support of the UK Carbon Capture and Storage (CCS) industry ABERDEEN, Scotland--Energy services provider, Expro (NYSE: XPRO), has secured a key contract...
MAX Power Team Identifies Rare Basement Source Rocks as Potential Natural Hydrogen Source
Multi-Well Drill Program Planned for Target-Rich Areas MAX Power Acquires Exploration Permits Covering 1.3 Million Acres Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - MAX Power M...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.