In a strategic move to capitalize on growing demands for advanced air handling solutions, Seattle-based private equity firm Pike Street Capital has acquired a stake in Superior Duct Fabrication, a leading manufacturer of commercial ducting systems. The deal, announced on April 22, marks Pike Street’s entry into the expanding HVAC and air handling sector.
Superior Duct Fabrication, established in 2002 by industry veteran Mike Hilgert, has carved out a significant presence in the Western United States’ HVAC market. The company specializes in producing custom ducting solutions for high-demand sectors including data centers, semiconductor fabrication facilities, healthcare institutions, and educational facilities.
“Finding a partner who shared our values and long-term vision while bringing operational expertise was crucial,” said Hilgert, who will maintain his position as CEO and retain significant ownership in the business. “Pike Street Capital is exactly that partner.”
The investment comes at a time when demand for sophisticated air handling systems is surging, driven by increasing focus on efficiency and air quality across industries. Superior Duct operates from five strategic locations, including its Pomona, California headquarters, with additional facilities in Camarillo, Las Vegas, Phoenix, and a recently launched operation in Columbus, Ohio.
Dave Dandel, Partner at Pike Street Capital, expressed enthusiasm about the partnership’s potential:
“They’ve built a high-performing organization with a strong reputation in the industry, and we see a great opportunity to build on that foundation,” he said.
The private equity firm has outlined an ambitious growth strategy, planning significant investments in various areas including:
- Product development initiatives
- Safety and productivity enhancements
- New facility expansions
- Geographic market expansion
- Strategic acquisitions
- Workforce development
This investment represents a significant development in the sheet metal fabrication sector, as private equity continues to show interest in industrial technology companies that serve critical infrastructure needs. The partnership is expected to accelerate Superior Duct’s expansion beyond its current Western U.S. stronghold, particularly in markets driven by the growing semiconductor and data center industries.
Whether you require installation, repair, or maintenance, our technicians will assist you with top-quality service at any time of the day or night. Take comfort in knowing your indoor air quality is the best it can be with MOE heating & cooling services Ontario's solution for heating, air conditioning, and ventilation that’s cooler than the rest.
Contact us to schedule a visit. Our qualified team of technicians, are always ready to help you and guide you for heating and cooling issues. Weather you want to replace an old furnace or install a brand new air conditioner, we are here to help you. Our main office is at Kitchener but we can service most of Ontario's cities
Source link
