October 1st, 2019
M&A – Sell Side
Manufacturing
Systems Integrator
Financial
Privately-Held
Minneapolis, Minnesota – Quazar is pleased to announce that In Control, Inc. (“In Control”) has been acquired by Wirth Capital. Quazar advised In Control in the transaction.
The Shareholders of In Control made the decision to transition the business to new ownership in order to retire and to find a partner who would continue to grow the business. They chose Quazar as their M&A Adviser primarily due to Quazar’s unique process, extensive network, and reputation for successfully working with privately held businesses in the brokerage marketplace.
Quazar was able to generate interest from a multitude of buyers, such as private equity, strategic, and financial buyers. The Shareholders ultimately decided that Wirth Capital was the best partner to maintain the Company’s culture and values and to implement a vision for growth.
“Quazar generated significant interest in our company. We are grateful to have had numerous options for buyers and are thrilled to have found Wirth Capital as a partner. We have confidence that new ownership will serve our employees and customers well, and we are excited to see them grow the business.” – Kay Klemetsen, former President of In Control
In Control, Inc. (in-ctrl.com) integrates and implements industrial control systems, communications, and data management for industrial and utility clients across the northern Midwest. The Company is based out of Blaine, MN.
Wirth Capital (wirthcapital.com) was formed with the sole purpose of acquiring and growing a single small to medium sized business in the greater Minneapolis / St. Paul metro area. We are two mid-career entrepreneurs each with over ten years’ experience in the energy and construction industries. We want to work with the right business owner to provide an attractive liquidity option while also giving peace of mind that the business will continue under competent leadership.
Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.