has been acquired by
The undersigned acted as exclusive financial advisor to Innovative Control Systems, Inc.
Sale to Dover Corporation
- Innovative Control Systems (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 more than 15,000 car wash sites in thirty-two countries spread throughout five continents over the last 32 years. ICS’ company highlights include an average annual organic growth rate exceeding 20% in each of the past five years, a staff of 160 plus team members, and the development and global market launch of 12 exciting new products that are redefining the world of carwash technology
- Scura Partners acted as exclusive financial advisor to ICS by evaluating its strategic options and providing advice on valuation, structuring and assisting in the negotiations with Dover Corporation (NYSE:DOV), the ultimate purchaser of ICS