Heatworks
Heatworks Technologies, Inc., a pioneer in the field of liquid heating technologies, was approaching an inflection point due to capital constraints. The company’s state court receiver, Aurora Management Partners, retained Hilco Streambank to conduct a sale of Heatworks’ intangible and related tangible assets, including a portfolio of more than 91 internationally registered utility and design patents, trademarks, CAD and other design files, product prototypes, test data, and certain tangible assets including finished and unfinished goods. Throughout an approximately 10-week marketing process, Hilco Streambank contacted more than 300 potential targets and brought 16 of those parties to the table through advanced discussions and negotiations. The process culminated in a public auction, and a sale closed in December, 2022.
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Intellectual Property Assets
Iron Horse Credit LLC, as lender to Eli Wilner & Co., retained Hilco Streambank to conduct a sale of certain collateral pursuant to Article 9 of the Uniform Commercial Code. The offering included over 2,500 antique and replica period frames. Other frames from this collection adorn paintings in the Metropolitan Museum of Art and the White House.
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