UNH's Whittemore School of Business and Economics
UNH Forum Will Trace Aavid's Corporate JourneyBy Janet Lathrop
UNH News Bureau
November 29, 2001
DURHAM, N.H. -- The University of New Hampshire's CEO Forum for Thursday, Dec. 13, will feature Dr. Bart Patel, CEO of Aavid Thermal Technologies, Inc., Concord, speaking on "Aavid's Journey From Private to Public and Back to Private." The breakfast meeting begins with a buffet at 8:30 a.m. at the New England Conference Center in Durham; the program is from 9 to 10:30 a.m.
Patel, a mechanical engineer, will describe how his company became a world leader in solutions for managing the potentially damaging levels of heat produced by digital and industrial electronics and computational fluid dynamics software. He will also reflect on the company's journey from a private company, to public and return to private again, from the CEO's point of view. He will discuss future plans for Aavid and the effects of recent world events on the company's global operations. Patel was educated at the University of Pennsylvania, Illinois Institute of Technology and Sardar Patel University, India.
Aavid Engineering was founded in 1964 in Laconia as a machine shop specializing in heat sinks. In 1996, Aavid made a successful initial public stock offering, trading on the NASDAQ. Last year, Willis Stein and Partners, Chicago, acquired Aavid's publicly held stock through a cash-out merger and it became privately held again. However, Aavid remained an SEC reporting company because its bonds are publicly traded. Aavid Thermal Technologies, Inc. now operates manufacturing and software development facilities worldwide. Total sales reached approximately $300 million in 2000.
The CEO Forum is an outreach program of UNH's Whittemore School of Business and Economics. Since 1997 it has provided CEOs, presidents and senior managers of northern New England companies an opportunity to meet with and learn from their peers in business and industry at quarterly breakfast meetings. Topics are identified by chief corporate executives as key issues for the next several years. Registration for the Dec. 13 forum is requested by Thursday, Dec. 6. For more information, call Barbara Draper at 862-1107.