ITT Acquires Phelps
“This acquisition will provide a foundation for support and sales growth in our $2.3 billion global water and wastewater business, and firmly secure our position as a premier supplier of related products in the Florida-Georgia region,” says Robert Ayers, president of ITT Industries' Fluid Technology.
Phelps has more than 53 years experience of servicing the Florida and Southern Georgia marketplace. Phelps' sales, service and local monitoring and control business revolves primarily around ITT's Flygt products and complementary equipment used in water and wastewater pumping and treatment solutions. Phelps' realized $32 million in revenue in 2004. The Phelps organization has 75 employees between its main location in Apopka and three full service satellite facilities in West Palm Beach and Fort Myers, Fla., and Savannah, Ga.