Acquisition of Unitec Will Expand Product Line of DRB Systems in the Car Wash Market
SC&H Capital, a leading Mid-Atlantic investment bank focused on middle market and growth companies advised Unitec, Inc. in its sale to DRB Systems LLC, a portfolio company of Prairie Capital.
Headquartered outside Baltimore, MD, Unitec is the market leading manufacturer of point of sale payment kiosks for the car wash industry. The company has a full line of payment kiosks and multi-site management software products for all segments of the car wash market.
Headquartered in Akron, Ohio, DRB Systems is the leading provider of point of sale software, loyalty promotion modules, control solutions, and related products to the conveyorized car wash industry.
“We are thrilled to be a part of the DRB Systems team,” said Pam Piro, Chief Executive Officer of Unitec. “This transaction allows us to provide a complete hardware and software solution to our customers in all segments of the car wash market.”
“The combination of Unitec and DRB Systems creates a unique provider of solutions in the car wash market,” said Greg Hogan, Principal with SC&H Capital.
Financial terms of the deal were not disclosed. The Company was advised on legal matters in the transaction by Bowie & Jensen, LLC.
