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Engine failure: Enovation Controls withdraws IPO

September 2, 2015

Enovation Controls, which provides natural gas engine controls and fuel systems for vehicles and equipment, withdrew its plans for an initial public offering on Wednesday.

The Tulsa, OK-based company was founded in 1939 and booked $276 million in sales for the 12 months ended September 30, 2014. Enovation Controls initially filed confidentially on 7/11/2014. Morgan Stanley and UBS Investment Bank were set to be the joint bookrunners on the deal.