The Tremont Group has sold MIRATECH to Audax

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that MIRATECH Holdings, LLC and The Tremont Group, LLC have sold MIRATECH Corporation (“MIRATECH” or the “Company”) to Audax Private Equity (“Audax”). MIRATECH then merged with the Silencing Division of Phillips & Temro Industries, an Audax portfolio company, to form a new company called MIRATECH Group, LLC.

Founded in 1992 and headquartered in Tulsa, Oklahoma, MIRATECH is a leading provider of mission-critical emission solutions for natural gas and diesel reciprocating engines, primarily serving the gas compression and power generation markets. The Company specializes in high-specification solutions sold primarily to engine packagers, engine dealers and end users. MIRATECH’s product suite includes emission and acoustic engineered solutions such as catalysts, housings, silencers, control and monitoring systems and other related services. More information is available at www.miratechcorp.com.

Lincoln acted as the exclusive financial advisor to The Tremont Group and MIRATECH, working closely with the Company’s senior management team and primary shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.

Jeff Miller, Managing Partner at The Tremont Group, commented, “Through an aggressive, global marketing effort and unique insights into the buyer universe, drawn from several prior transactions in the exhaust and emissions space, Lincoln helped MIRATECH identify the right partner to support the Company’s continued growth and achieve a favorable outcome for the shareholders. Lincoln’s execution expertise, industry knowledge and process guidance proved invaluable throughout the sale process.”

“Lincoln’s strong understanding of our business enabled them to share our story in a compelling way and their guidance throughout the sale process resulted in a terrific outcome for the Company,” added MIRATECH’s President and Chief Executive Officer Kevin O’Sullivan. “Combining MIRATECH with the Silencing Division of Phillips & Temro Industries gives the new business strong expertise in both technology and manufacturing. Our goal is to be the leading manufacturer and provider of emission and silencing solutions within the North American large format industrial engine market.”

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