MIRATECH Acquires Powertherm Maxim

TPG Rise Climate Acquires MIRATECH

September 4, 2024

Industrial Services

TPG Rise Climate, the climate investing strategy of TPG, has acquired MIRATECH Corp., a North American market leader in aftermarket emissions and noise reduction technology for stationary industrial engines. The seller was BP Energy Partners (portfolio company of BP Natural Gas Opportunity Partners II); TPG plans to leverage MIRATECH's engineering and manufacturing capabilities to expand products, end markets (including data center backup power), and geographic reach to support decarbonization efforts.

Thermex-Thermatron Systems Acquires JTE Machines

January 19, 2021

Manufacturing

Thermex-Thermatron Systems has acquired Jacksonville, Florida-based JTE Machines to strengthen its position in radio frequency (RF) and microwave (MW) industrial equipment. The acquisition brings JTE's engineering, automation and sealing-machine capabilities and several members of the JTE team (including founders Jens and Traci Evling) into Thermex to expand product and service offerings across fabric, belting and medical-product markets.

Thermon Group Holdings Acquires Vapor Power International

January 15, 2024

Manufacturing

Thermon Group Holdings, Inc. (NYSE: THR) has acquired Vapor Power International, a provider of electric and gas-fired boilers and steam generators, from StonePointe LLC and members of Vapor Power's management. The acquisition (reported at approximately $110 million) expands Thermon's product portfolio into electric resistance, electrode and super critical coil tube boilers, supporting its electrification and decarbonization strategy.

SSE International Acquires The Max Group of Companies

January 11, 2023

Industrial Services

SSE International, a portfolio company of Hidden Harbor Capital Partners, has acquired The Max Group of Companies (ThermalMax, ArmorMax Refractories, and ArmorMax Construction). The add-on expands SSE's refractory and insulation product offering, broadens its geographic footprint across the Eastern United States, and diversifies into underpenetrated end markets such as steel, aluminum and foundry.

Druid Capital Partners Acquires Thermex-Thermatron

July 1, 2023

Manufacturing

Druid Capital Partners has completed the acquisition of Thermex-Thermatron, a long-established manufacturer of high-power industrial RF and microwave heating systems, partnering with Thermex management led by President/CEO Ray Lund. The transaction provides liquidity to existing shareholders and positions Thermex to pursue growth opportunities while continuing to serve global customers across automotive, medical and packaging markets.

MIRATECH Acquires Advanced Catalyst Systems (ACS)

January 15, 2026

Manufacturing

MIRATECH, a Tulsa-based provider of emissions and acoustic control solutions, has acquired Advanced Catalyst Systems (ACS), a Maryville, Tennessee manufacturer of catalyst technologies and emission control systems. The acquisition expands MIRATECH’s U.S. catalyst manufacturing capacity, strengthens its East Tennessee footprint, and brings ACS' proprietary coating and substrate capabilities into MIRATECH’s platform to accelerate R&D and support growing emissions-compliance demand.