The History of BTEC Turbines

• We were founded in 1997 by CEO Phiroz "Mike" Boyce.
• In September 2006, The Sterling Group and the Stephens Group invested in BTEC. Mike Boyce remains a significant shareholder.
  • The Sterling Group is a private equity investment firm founded in 1982 that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 34 portfolio companies and numerous add-on acquisitions for a total transaction value greater than $8 billion. Currently, Sterling has $600 million of committed capital under management. Current portfolio companies include Hudson Products Corporation, Roofing Supply Group, CST Industries, Panolam Industries, North American Construction Group and Propex Fabrics.
  • The Stephens Group, LLC, is a private, family-owned firm that invests its capital in private and public companies with exceptional management teams and high returns on invested capital in growing industries. The Stephens Group has over 70 years of history in successfully investing in both minority and control positions across multiple industries, and has large positions in gas production, media, communications, consumer, manufacturing and other industries. The Stephens Group typically provides equity capital of $5 million to $75 million dollars and looks to invest from $100-$200 million per year.