BP Energy Partners, LLC (BPEP), a Dallas, Texas-based investment manager, has successfully completed the sale of MIRATECH Corp. (MIRATECH), a portfolio company within its BP Natural Gas Opportunity Partners II, L.P. fund. Founded in 1992, following the enactment of the 1990 Clean Air Act, MIRATECH has established itself as a dominant force in the North American market for emissions control solutions. Its expertise lies in delivering cost-effective, technologically advanced solutions to diverse sectors, including power generation, energy infrastructure, industrial facilities, original equipment manufacturers (OEMs), and marine applications.
Over the course of BPEP’s partnership, MIRATECH has leveraged its distinctive engineering capabilities and deep domain expertise in stationary power generation, compression, and data centers. This has allowed the company to achieve substantial growth and effectively address the surging demand for emissions reduction solutions across various industries. These sectors include distributed power, critical data infrastructure, and other hard-to-decarbonize areas like energy infrastructure, marine, and construction.
Dennis Hamilton, Managing Director at BP Energy Partners, emphasizes the increasing reliance on data and the resultant rise in energy and power demands exceeding current grid capacities. He highlights the need for practical solutions that ensure security, redundancy, and reliability, and acknowledges MIRATECH’s critical role in addressing emissions challenges within energy and energy-intensive industries. He expresses BPEP’s satisfaction in partnering with MIRATECH to support its growth and commitment to tackling these challenges.
Michael Watzky, BPEP’s Co-Founder and Managing Partner, expresses pride in the MIRATECH team for building a world-class business focused on energy transition. He commends their dedication to providing highly engineered emissions solutions with technical and regulatory expertise, and extends best wishes for continued success in their new partnership.
David Zenthoefer, CEO of MIRATECH, shares his pride in the achievements and growth accomplished during the partnership with BP Energy Partners. He highlights the close collaboration and BPEP’s immediate understanding and support for MIRATECH’s vision for growth across dynamic and evolving end markets. He expresses excitement about continuing to serve the growing future needs of global emissions reduction.
Baird served as the financial advisor for the transaction, while The Garden Law Group and Locke Lord LLP acted as legal counsel for both BPEP and MIRATECH.
About MIRATECH
MIRATECH stands as a North American leader in emissions reduction technology and compliance solutions. Headquartered in Tulsa, Oklahoma, the company maintains additional manufacturing facilities in Houston, Texas; Prior Lake, Minnesota; Knoxville, Tennessee; Winnipeg, Canada; and Sinntal, Germany. MIRATECH’s core mission revolves around environmental improvement through engineered solutions that minimize air and noise pollution. Their product and service expertise focuses on significantly reducing or eliminating key pollutants like carbon monoxide, oxides of nitrogen, hydrocarbons, particulate matter, volatile organic compounds (VOCs), hazardous air pollutants (HAPs), air toxics, and other environmental pollutants.
About BP Energy Partners
BP Energy Partners is a Dallas, Texas-based private equity firm specializing in investments in lower-middle market companies. The firm partners with entrepreneurs, family-owned businesses, and companies through growth equity and buyout transactions. BPEP’s focus is on energy and energy-intensive industries, with a commitment to generating returns while driving emissions reduction. Their investment themes encompass value-add infrastructure, the natural gas value chain, electrification, and environmental management. Established in 2013 with initial sponsorship from T. Boone Pickens, BPEP currently manages over $600 million in committed capital.
For more information, visit www.bpenergypartners.com.
