Dallas-based BP Energy Partners has exited MIRATECH Corp., selling to TPG, which is based in both Fort Worth and San Francisco, as part of TPG Rise Climate’s strategy to invest in advanced emissions control technologies.

MIRATECH, headquartered in Tulsa, engineers and manufactures catalysts, filters, silencers, and monitoring systems that reduce engine exhaust pollutants and noise for mission-critical power generation, focusing on stationary power and data centers. The company’s aftermarket solutions also address emissions in hard-to-decarbonize sectors like energy infrastructure, marine, and construction, according to TPG.

In an announcement, Marc Mezvinsky, a partner at TPG and senior member of its climate investing team, emphasized the importance of MIRATECH’s technology, saying it “will prove critical in the years ahead,” especially as data center energy usage rises globally. “This investment is a reflection of our thematic focus on negative emissions and derivative equipment and services companies that enable the energy transition,” Mezvinsky said.

During its partnership with BP Energy Partners, MIRATECH experienced significant growth, expanding its reach into markets that require robust emissions control solutions. Dennis Hamilton, managing director at BP Energy Partners, noted that MIRATECH plays a vital role in providing reliable emissions reduction in sectors that are hard to decarbonize.

MIRATECH CEO David Zenthoefer expressed optimism about the new partnership with TPG, highlighting the opportunities presented by stricter global emissions regulations and increased demand for backup power in data centers. “We are excited to build on our success and expand our leadership in emissions reduction technologies,” he said, emphasizing TPG’s capital and expertise as key to the company’s future growth.

No financial details of the acquisition were released.

According to TPG, MIRATECH’s specialized engineering capabilities and focus on stationary power have allowed it to scale effectively in response to rising demand, particularly as flexibility in power generation remains crucial for many customers.

Founded in 1992 following the 1990 Clean Air Act, MIRATECH has expanded from its Tulsa headquarters to additional manufacturing locations in Houston, Prior Lake, MN, Knoxville, TN, Winnipeg, Canada, and Sinntal, Germany. With BP Energy Partners exiting, MIRATECH is set to continue its mission of reducing air and noise pollution under TPG’s ownership.

As part of the acquisition, Mezvinsky and Roger Stone from TPG Rise Climate will join MIRATECH’s board of directors. TPG aims to further leverage MIRATECH’s engineering and manufacturing strengths to explore new products, sectors, and geographies, reinforcing its position as a leader in emissions and noise reduction technologies.

“As energy demand related to AI and cloud migration increases, there is an opportunity to expand MIRATECH’s market leadership among data center emergency backup power providers,” Zenthoefer added. “We are also seeing stricter emissions regulations and air quality standards worldwide, including further caps on methane emissions, which our products are well-positioned to address.”

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