M&A Deal Summary

TPG Acquires Miratech

On September 4, 2024, private equity firm TPG acquired energy services and equipment company Miratech

Acquisition Highlights
  • This is TPG’s 5th transaction in the Energy Services and Equipment sector.
  • This is TPG’s 287th transaction in the United States.
  • This is TPG’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2024-09-04
Target Miratech
Sector Energy Services and Equipment
Buyer(s) TPG
Deal Type Buyout (LBO, MBO, MBI)

Target

Miratech

Tulsa, Oklahoma, United States
Miratech is a provider of cost-effective, reliable, and mission critical emission and acoustical solutions for stationary natural gas and diesel reciprocating engines. Its reputation is associated with a customer centric consulting approach, advanced engineering expertise, extensive industry knowledge, project management, responsiveness, and quality products. These attributes have enabled MIRATECH to be highly adaptable, and thus, able to accommodate both small (HP < 300) and large stationary engine applications (up to 14,000 horsepower). Miratech was founded in 1992 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 437 of 451
Sector: Energy Services and Equipment M&A 5 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 51 of 53
State: Oklahoma M&A 1 of 1
Country: United States M&A 287 of 298
Year: 2024 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 CLEAResult

Austin, Texas, United States

CLEAResult provides energy efficiency, transition, and sustainability services. The company collaborates with a diverse network of local partners to deliver technology and personalized services, making it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult was founded in 2003 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Artel

Herndon, Virginia, United States

Artel is a telecom and information technology company focused on providing a full spectrum of network management, systems/solutions integration, information assurance/homeland security, and e-commerce services. Artel was founded in 1986 and is based in Herndon, Virginia.

Sell -