Hawkeye IPO on Hold

Cindy Zimmerman

Hawkeye Hawkeye Holdings, the holding company that owns Hawkeye Renewables of Iowa Falls, IA has announced that it has “temporarily delayed the initial public offering of shares of its common stock.”

According to a press release, Bruce Rastetter, CEO of Hawkeye, said, “We have decided to temporarily delay our IPO in light of current conditions in the equity markets, and the recent pullback in the energy segment in particular, which are not conducive at this time to achieving appropriate valuation. Hawkeye is enjoying record earnings and sales as a leading privately-held company in the renewable fuels market and will continue to make planned investments in new facilities as well as seek attractive acquisition opportunities in pursuit of our growth plan, and we remain on track to break ground next month on our new plant in Menlo, Iowa.”