Simpson Thacher represented TPG Rise Climate in connection with its acquisition of MIRATECH Corp., a global market leader in aftermarket emissions and noise reduction technology for stationary industrial engines. The transaction closed on August 20, 2024. Financial terms of the transaction were not disclosed.
Founded in 1992 and headquartered in Tulsa, Oklahoma, MIRATECH’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 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.
TPG Rise Climate is the dedicated climate investing strategy of TPG’s $18 billion global impact investing platform TPG Rise.
The Simpson Thacher team includes Katherine Krause, Anthony Vernace, Robert Hausen, David Kim, Michael Lazris and Dashia Kwok (M&A); Jeannine McSweeney, Joshua Stephens and Warsame Elmi (Executive Compensation and Employee Benefits); Russell Light and Matthew Lester (Tax); Lori Lesser (Intellectual Property); Steven DeLott (Insurance); Krista McManus (Real Estate); Abram Ellis (Regulatory); and Michael Isby (Environmental).