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Hawken Energy Retains M&A Specialist Heritage Equity Partners

June 14, 2016, 07:31 AM
Filed Under: Manufacturing

Hawken Energy, Inc., a leading manufacturer of outdoor wood burning furnaces, has retained Heritage Equity Partners to seek an equity investor, joint venture partner, or buyer to allow the company to continue to fulfill its vision of providing products that unlock the world’s largest source of free heating fuel - wood.  Currently the second largest manufacturer in the industry, the Company is poised to become the number one manufacturer, because of its patent pending technology that has been tested and certified by the EPA to meet their 2015 NSPS emissions standards. 

Warren Walborn, the President/CEO of Hawken Energy explained, “EPA regulations enacted this year have made all traditional outdoor wood furnaces illegal, therefore, most other companies either have withdrawn, or will be withdrawing from the market.”

Hawken Energy operates in a 15,000 square foot assembly and production building, in addition to a 4,000 square foot warehouse on 5 acres, a 2,500 square foot headquarters office, and a 3,122 square foot remote sales office.  The Company markets three different sized EPA approved and UL listed residential units (Max BTU of 144,000, 193,000 and 248,000).  In addition, Hawken Energy offers two different sized commercial units and is in development of a 6th unit which will meet all emission standards for export to the UK and will be sold through an established distribution channel.  Domestically, its furnaces are sold entirely through Hawken’s network of more than 200 dealers in 23 states.  Unlike your typical wood or pellet stove that resides inside the house requiring the wood fuel to also be brought into the house, Hawken outdoor wood furnaces reside outside eliminating the need to bring wood back inside.  These furnaces will connect to your existing heating infrastructure whether it be electric, forced air or radiant, and are extremely easy to load and maintain.

According to Hank Waida, a Managing Director at HEP, “This is an outstanding opportunity to purchase a leader in the industry with a proven patent pending technology that will allow the Company to capture huge market share.  While Hawken is positioned to be profitable in current market conditions, it will be even more so when fossil fuel prices rise to levels that were seen in 2008.”

Heritage Equity Partners, formerly Equity Partners, Inc., based in Easton, MD, provides investment banking services and has completed in excess of 450 engagements throughout the United States since 1988. 

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