SitePro Acquires Integrated Control Solutions (ICS)
November 4, 2019
SitePro, an oilfield automation technology provider based in Lubbock, Texas, has acquired Integrated Control Solutions (ICS) to combine complementary automation technologies and managed services for upstream and midstream operators. The deal was financed with a J.P. Morgan debt facility and support from SitePro's existing shareholders, including Cottonwood Venture Partners and several family offices; ICS founders join SitePro's management team and retain ownership in SitePro.
- Buyers
- SitePro
- Targets
- Integrated Control Solutions (ICS)
- Industry
- Energy
- Location
- United States
- Transaction Type
- Buyout
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