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.