Industrial Controls Distributors

The November 2001 recapitalization of Industrial Controls Distributors was structured to allow the Company\’s founder and chief executive to achieve liquidity and retain a significant equity interest in the business on a tax-deferred basis. ICD was the leading independent distributor of industrial automation controls, industrial components and commercial heating, ventilation and air conditioning and combustion controls in the Northeast. To complement its product offering, the Wanamassa, New Jersey-based Company provided an array of value-added services including product training, technical assistance, assembly and pre configuration services.