Superior Duct: A New Era with Pike Street Capital Investment
Deal News | Apr 22, 2025 | Pike Street Capital Partners L
Pike Street Capital, an industrial technology-focused private equity firm based in Seattle, announced an investment in Superior Duct Fabrication, a prominent manufacturer of specialty ducting products. Superior Duct, founded in 2002 and led by CEO Mike Hilgert, is known for serving the Western U.S. HVAC market, including data centers and healthcare facilities, with custom solutions. This strategic move marks Pike Street’s entry into the HVAC sector, intending to foster Superior's growth and expand its geographical footprint. Investments will be directed towards product development, facility enhancement, safety initiatives, and workforce expansion. Pike Street sees Superior's solid reputation and technical capabilities as key to building upon its high-performance foundation and entering new markets with improved capacities.
Sectors
- Private Equity
- HVAC (Heating, Ventilation, and Air Conditioning)
- Industrial Technology
Geography
- United States – Superior Duct Fabrication operates primarily in the Western U.S. and Pike Street Capital is based in Seattle, WA, highlighting the U.S. context of the transaction.
- California – Superior's headquarters is in Pomona, California, with an additional location in Camarillo, signifying significant operations within the state.
- Ohio – Superior has opened a new facility in Columbus, Ohio, indicating their strategic geographic expansion in the U.S.
Industry
- Private Equity – The article involves Pike Street Capital, a private equity firm making an investment into Superior Duct Fabrication.
- HVAC (Heating, Ventilation, and Air Conditioning) – Superior Duct Fabrication is a specialty product manufacturer within the HVAC industry, serving various end markets with ducting solutions.
- Industrial Technology – Pike Street Capital is focused on investments in the industrial technology sector, which aligns with Superior's production of ducting and industrial dust collection systems.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pike Street Capital | Investor | Company | A Seattle-based private equity firm specializing in middle-market investments across various sectors, including industrial technology. |
| Superior Duct Fabrication | Target Company | Company | A leading manufacturer in the HVAC industry, specializing in ducting solutions for diverse markets. |
| Mike Hilgert | CEO of Superior Duct Fabrication | Person | Founder and CEO of Superior, retaining a significant interest in the company post-investment. |
| Dave Dandel | Partner at Pike Street Capital | Person | Involved in the investment decision and strategy for Superior Duct Fabrication's growth. |