MAKING NOISE IN
Private equity group combines Miratech, Phillips & Temro silencing
business to form new company
Miratechand Phillips&Temro Industries’ silencing busi- ness (PTI Silencing) has
announced the formation of a new
company, Miratech Group LLC, which
is dedicated to manufacturing emissions reduction and silencing technology for large industrial engines. The
new company is being formed by
Audax Pvt. Equity through its investment in Phillips & Temro Industries
(PTI), its spinning-off of PTI’s silencing business and its simultaneously
acquisition of Miratech.
Audax, which holds more than $5
billion in assets in lower-middle market companies, renamed the company. No financial details were provided.
The Miratech Group will be headquartered in Tulsa, Okla., and will continue to operate in the PTI Silencing
facilities in Minnesota and Winnipeg,
Miratech specializes in catalysts,
housings, silencers, emissions reduc-
tion and monitoring systems for sta-
tionary engine applications such as
power generation and gas compres-
sion. PTI Silencing is a manufacturer
of silencers and exhaust systems
marketed under the EM and Cowl
brands for mobile, stationary and
marine engine applications.
“Combining these teams gives
Miratech strong expertise in both
technology and manufacturing,” said
Miratech Group President and Chief
Executive Officer Kevin O’Sullivan. “Our
goal is to be a leading manufacturer and
provider of emission and noise attenua-
tion solutions within the North American
large format industrial engine market.”
With the PTI Silencing combination,
Miratech now operates three facilities
in North America. Miratech’s head-
quarters in Tulsa is a 29,000 sq.ft. facil-
ity that includes an innovation center
focused on new product development.
PTI Silencing operates two manufactur-
ing facilities, including a 54,000 sq.ft.
location in Prior Lake, Minn., for its EM
Products silencers and a 17,000 sq.ft.
Winnipeg, facility for its Cowl silencers.
“This larger platform gives Miratech
a distinct competitive position with the
resources to innovate, develop and
grow in the global industrial engine
space,” O’Sullivan said.
The company’s combined manage-
ment team includes O’Sullivan; Chief
Technology Officer Bill Clary, a 21-year
veteran of Miratech; David Zenthoefer,
“The combination of Miratech and
PTI’s silencing division allows the
combined business to offer a full
spectrum of emissions and noise con-
trol solutions,” said Geoffrey Rehnert,
Co-CEO of Audax. “We are looking
forward to backing Kevin O’Sullivan
and his team as they grow the busi-
ness organically and through strate-
gic add-on acquisitions.”
In a separate announcement,
Miratech said the California Air
Miratech announced that
the California Air Resources
Board (CARB) has given it
level 3+ conditional verification for its low-temperature
regeneration (LTR) diesel
particulate filter technology
designed for stationary diesel
engines from 134 to 5360 hp.