New York, NY January 7, 2021 – Scura Partners served as exclusive financial advisor to the Sellers of Innovative Control Systems, Inc. (ICS) in their recent sale of ICS to Dover Corporation (NYSE:DOV). ICS is a leading developer and manufacturer of process control, software management, and equipment automation products that serve the carwash industry. Located in Bethlehem, PA, ICS’ products have been sold to thousands of car wash sites in thirty-two countries spread throughout five continents over the last 32 years.
Scura Partners researched and analyzed a range of strategic alternatives and business combination options with the goal of identifying, attracting, and securing the optimal partner that would ensure an ongoing commitment to outstanding quality of products and services for all of ICS’ customers and the highest degree of integrity for its employees.
“When you build a high-value private company from the ground up it’s more than an asset, it’s testament to confidence in ideas, disciplined management, years of hard work, countless calculated risks and most importantly a strong team dedicated to customer service, innovation and pushing to achieve goals,” said Kevin Detrick, founder of ICS. “Scura Partners was an insightful thought-partner to the shareholders, designed a robust process strategy and executed it well. We were very satisfied with the outcomes and are thankful for their contributions.”
About Scura Partners
Scura Partners is a private investment banking firm, based in New York City, providing M&A advisory and capital raising services, with a focus on emerging growth, heath care services, technology, finance, professional services, B2B and B2C services. Scura Partners’ partners have an average of more than twenty-five years of experience in a sweeping range of industries, providing nearly every investment banking product and service to their clients. For more information visit scurapartners.com.
About ICS Innovative Control Services, Inc. is a leader in car wash technologies. Founded in 1981 by Kevin Detrick, ICS has transformed the car wash industry through innovations in process controls, software management, equipment automation and marketing resulting in an expansive portfolio of ground-breaking products sold to thousands of car wash sites in 32 countries spread across 5 continents.