Phelps, Muscatine, IA, announced the acquisition of A&M Services, a family-owned textile rental company located in Spencer, IA, on Sept. 15. This acquisition allows Phelps to expand its footprint further into Iowa, and into parts of South Dakota, Minnesota and Nebraska.
“This acquisition is about more than growth, it’s about preserving the legacy of family-owned businesses,” Phelps said in a news release announcing the acquisition. “It’s also about thoughtfully expanding into new territories, and continuing to provide the reliable service customers have come to rely on. Together, we’re ready to serve more customers while keeping what matters most at the heart of everything we do: people, relationships and care.”
A&M Services was founded in 1921. All current A&M employees will remain on the team, ensuring customers continue to work with the same familiar faces and trusted contacts. Ryan Kasperbauer, who carried on his family’s legacy at A&M, will now serve as the Spencer location’s branch manager.
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