The Firm is representing ITT Corporation in its announced acquisition of privately held Godwin Pumps. ITT has agreed to purchase Godwin from its principal shareholders for $585 million. The transaction is expected to close in the third quarter of 2010, pending customary regulatory approvals.
ITT Corporation is a global high-technology engineering and manufacturing company and a leader in the transport and treatment of water and wastewater. Godwin Pumps is a leading supplier of automatic self-priming portable pumps used in the growing markets for drainage pump rental, services and sales serving the global industrial, construction, mining, municipal, oil and gas segments.
The Simpson Thacher team includes: Caroline Gottschalk, Valentina Casella, Catherine Wang and summer associate Erin Lein (M&A), Alvin Brown and Samantha Shipp (Executive Compensation and Employee Benefits), Adeeb Fadil (Environmental), Lori Lesser and Marcela Robledo (Intellectual Property), Gary Mandel and Rian Balfour (Tax), Krista McManus, Mardi Merjian and Brandon Greer (Real Estate) and Scott Dyer (Labor).