Lorraine Capital to acquire ICM Controls.

Lorraine Capital, a private equity firm, agreed to acquire ICM Controls, a North Syracuse manufacturer of electronic controls. Financial terms were not disclosed. “We all read about supply chain, the possibility of onshoring, domestic manufacturing that’s likely to happen over the next five, 10 to 15 years for all the reasons that every person in America can see today. All of these things are going to play out in the investment thesis. And they’re very well positioned to ride that wave,” Justin Reich, Lorraine Capital Partner.