LOS ANGELES William T.
Phillips, founder and chairman of Phillips Service Industries
Inc., has died at age 79 following a battle with amyotrophic
lateral sclerosis, commonly known as Lou Gehrigs
Phillips, a Korean War veteran,
started predecessor company PSI Hydraulics as a two-man
operation in Detroit in 1967. Leveraging the companys
early success and making several savvy acquisitions, he
transformed the business into a global manufacturing and
services holding company that today boasts 500 employees and
annual sales of $130 million.
Phillips son, Scott
Phillips, who is now president and chief executive officer of
the Livonia, Mich.-based company, said that "beyond all the
professional accomplishments," his fathers "enduring
legacy" is one of personal kindness and generosity.
Phillips is survived by eight children, 20 grandchildren and