(Vocus) June 22, 2010
New York, NY, June 21, 2010 -- Greenberg Traurig, LLP announced that its client, Godwin Pumps, a leading supplier of automatic self-priming portable pumps used in the markets for drainage pump rental, services and sales in the industrial, construction, mining, municipal, and oil and gas segments, has agreed to be acquired by ITT Corporation for $585 million. Greenberg Traurig's team was led by David Schwartzbaum, co-chair of the firmÂs Global M&A Steering Committee, and Jonathan Ain, both shareholders in the New York office.
Founded in 1976, Godwin Pumps is based in Bridgeport, NJ and has approximately 800 employees located throughout the United States and its manufacturing facility in Gloucestershire, England. The company operates a rental fleet of more than 6,000 pumps at 26 equipment rental facilities and a network of approximately 50 distributors worldwide.
This transaction is expected to close in the third quarter of 2010 pending customary regulatory approvals.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1775 attorneys serving clients from more than 30 offices in the United States, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 20 on The National Law JournalÂs 2008 NLJ 250. In the U.K., the firm operates as Greenberg Traurig Maher LLP. Additionally, Greenberg Traurig has strategic alliances with the following independent law firms: Studio Santa Maria in Milan and Rome, TA Lawyers GKJ in Tokyo, and Weber Law Office in ZÃ¼rich. The firm was Chambers and Partners' USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit http://www.gtlaw.com.