Heating & Plumbing Engineers, Inc.

Name

Heating & Plumbing Engineers, Inc.

Legal name

Heating & Plumbing Engineers, Inc.

Website

https://hpeinc.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Colorado Springs

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Mechanical Construction: HPE generates the majority of its revenue (~90% of business) through commercial mechanical contracting, which includes sheet-metal, pipefitting, and plumbing systems for new construction and renovation projects across office, medical, retail, industrial, education, government, and multi-family sectors throughout Colorado.
2. Commercial Service & Maintenance: Ongoing maintenance, repair, retrofit, and 24/7 emergency service for commercial building mechanical systems, including HVAC, plumbing, controls, and equipment.
3. Residential Service: HPE serves residential clients (~10% of business) through installation and servicing of Lennox products, including HVAC and plumbing services, driven by repeat clients and referrals.
4. Special Projects: Nimble execution of custom mechanical design and construction needs including tenant improvements, retrofits, design-build engineering, and specialized industrial/mechanical upgrades.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Heating & Plumbing Engineers, Inc. is a full-service mechanical contractor that designs, fabricates, and installs HVAC, plumbing/piping, and sheet metal systems for commercial and residential clients across Colorado. The firm operates as a mechanical subcontractor on commercial construction projects (offices, healthcare, education, data centers, government/military, multi-family, retail, and science & technology) and provides ongoing commercial and residential HVAC/plumbing service, maintenance, and 24/7 emergency response.

Product overview

Heating & Plumbing Engineers, Inc. (HPE) is a full-service mechanical contractor offering a one-stop shop for comprehensive mechanical construction. The company operates as a single unified service offering centered on Mechanical Construction as the core product, supplemented by Special Projects for custom design-build needs, Commercial Service for maintenance and emergency repairs, and Residential Service for HVAC and plumbing needs. Additional offerings include Mitsubishi Electric product connections, Design-Assist and Design-Build engineering services with BIM/CAD capabilities, and an apprenticeship program. HPE leverages industry-leading technologies including VRF systems (Mitsubishi, Daikin), building automation (Honeywell), and in-house fabrication capabilities to deliver innovative, high-performing mechanical solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Mechanical Construction

Quantifiable outcome

• 0.64 EMR (Experience Modification Rate) in 2022, indicating strong safety performance below industry average.
• +5 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Mitsubishi ElectriccoreTechnology or IntegrationHPE is a certified Mitsubishi Electric product connection partner, offering and installing Mitsubishi HVAC products including VRF systems, heat pumps, and related equipment. HPE has used Mitsubishi VRF systems in multiple projects including Colorado College Tutt Library (net zero), Colorado College Spencer Center, Adams State University Richardson Hall, and Conejos K-12.
• LennoxcoreTechnology or IntegrationHPE was the largest Lennox dealer in the state from 1963 to 1983 and continues to install and service Lennox products for residential clients. Approximately 10% of HPE's business involves Lennox product installation and servicing.
• Associated Builders and Contractors (ABC)coreOthersHPE is a member of ABC, through which they achieved the STEP Platinum safety award. ABC membership provides market-specific resources, networking, and training and development opportunities, and allows HPE to contribute to the sustainability and evolution of the construction industry.
• SMACNA (Sheet Metal and Air Conditioning Contractors National Association)coreOthersHPE is a SMACNA contractor and was the first sheet metal contractor in the country to complete SMACNA's shop standards verification process in March 1999. SMACNA membership provides technical standards, training, and industry representation.
• Design-Build Institute of America (DBIA)minorOthersHPE participates in DBIA as part of its design-build delivery approach, contributing to industry development and accessing best practices for design-build mechanical construction.
• Pikes Peak Mechanical Contractors AssociationminorOthersLocal industry association membership supporting HPE's engagement with the regional construction community in the Colorado Springs area.
• BBB (Better Business Bureau)minorOthersHPE holds BBB accreditation with an A+ rating, providing consumer trust and credibility for residential and commercial customers seeking mechanical services.
• WBENC (Women-Owned Business Enterprise National Council)minorOthersHPE is WBENC-certified as a women-owned business, enabling participation in contracting opportunities that require WBE certification.
• National Association of Women in Construction (NAWIC)minorOthersHPE supports NAWIC as part of its commitment to advancing women in the construction industry and developing the future generation of construction professionals.
• Colorado Springs Chamber of CommerceminorOthersHPE is an active participant in the Colorado Springs Chamber of Commerce and contributes to community development through involvement in local charitable causes and event sponsorships.
• Cystic Fibrosis FoundationminorOthersHPE contributes regularly to the Cystic Fibrosis Foundation as part of its community support and charitable giving program.
• United WayminorOthersHPE employees are involved in volunteerism supporting United Way in Colorado Springs, with company support for United Way initiatives and campaigns.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• U.S. Engineering Company: Large privately held mechanical contractor with offices across the Mountain West including a major Denver presence. Directly comparable in commercial HVAC, plumbing, and design-build scope, and competes for the same Colorado front range projects.
• Limbach Holdings: Publicly traded specialty contractor delivering integrated HVAC, plumbing, and building controls across multiple U.S. regions. Closest pure-play public peer for design-build MEP and service-maintenance revenue mix.
• ACCO Engineered Systems: Privately held design-build mechanical contractor headquartered on the West Coast, similar in scale and capabilities to HPE, including in-house fabrication and design-assist delivery.
• Murphy Company: Privately held mechanical engineering, fabrication, and construction firm similar in size and capability profile. Comparable in family-ownership structure and integrated design-build delivery.

Broad incumbents

• EMCOR Group: National diversified mechanical/electrical services platform with significant presence in commercial, healthcare, and industrial construction. Overlaps with HPE on hospitals, data centers, and federal projects but operates at national scale.
• Comfort Systems USA: Publicly traded parent of commercial HVAC and mechanical contracting operating companies. Comparable in core mechanical construction plus maintenance service revenue model, with broader geographic reach.
• APi Group: Publicly traded safety, specialty, and industrial services holding company with mechanical contracting subsidiaries. Provides a benchmark for how sub-scale mechanical contractors can be absorbed into larger platforms.
• Service Logic: National commercial HVAC, plumbing, and controls services platform with multiple regional operating companies. Comparable on the recurring service-and-maintenance revenue stream that HPE provides through its commercial service team.

Regional players

• MTech Mechanical: Colorado-based mechanical contractor serving the Denver/Front Range market with commercial HVAC, plumbing, and service. Direct regional competitor for the same GC relationships and project pipeline as HPE.

Emerging players

• Henderson Engineers: Building-systems engineering firm with strong MEP design capabilities that complement design-build mechanical contractors. Competes with HPE's design-assist and preconstruction services in the same healthcare, higher-ed, and data-center vertical mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heating & Plumbing Engineers, Inc.