Founded in 1983, Heat Pipe has pioneered the design and application of heat pipe systems for energy recovery and dehumidification, supplying thousands of systems to HVAC processes and end users. Through the company’s product innovation and industry-leading system design, Heat Pipe’s products can reduce a building’s HVAC energy requirements, in some cases, by more than 40 percent.
The company’s proprietary HRM-P™ pump-assisted energy recovery system provides the most efficient energy recovery system available for buildings requiring the separation of make-up air and exhaust air, such as research laboratories, hospitals and many other manufacturing environments. MiTek Inc., a subsidiary of Berkshire Hathaway Inc., supplies products and services to the building components industry. MiTek has more than 1,000 employees, including 150 at its headquarters in Chesterfield. MiTek Inc. is the world’s leading supplier of products and services to the building components industry.
With operations on five continents, MiTek companies develop and sell products and services in the residential, commercial, industrial and institutional construction markets. Managing Director’s Donald Sawyer and Bill Hunter led Generational Equity’s deal team in marketing and negotiating the transaction, “We hosted several potential buyer visits, but MiTek clearly saw the value and potential in Heat Pipe’s patents.
Our client was looking for the perfect partner with the capital and experience to help fully utilize their patents, and found it in MiTek, Inc., a Berkshire Hathaway subsidiary. This transaction will help Heat Pipe take their business to the next level, and help Mitek diversify its’ business.”
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