Success for Ross Valve Manufacturing Proves More than Just a Pipe Dream

Success for Ross Valve Manufacturing Proves More than Just a Pipe Dream


I like to consider it
the Cinderella story, where you just take something that looks like it’s going terminal
for the community, and the employees,
and the customers, and you revive it, and you make it as good,
if not better, than it was before. The Ross family started
Ross Valve in 1879, manufacturing valve products
for water hydro, and Ross Precision Manufacturing is kind of a continuation
of LAI International, manufacturing industrial gas turbine, support of high alloy
melting furnaces to the aerospace industry. It’s one family business
evolving into another family business. I always knew the Ross name, so when I first heard
about the opportunity my first reaction was, really, wow. Bill says, there’s a company that may be closing
its operations, but I have an opportunity
to buy them and keep it going. Bill was excited
about the new project. We took the tour of the facility. We met the players. We were able to help Bill
by putting together a deal based on their existing business. We had to look outside the box
on this one, that you know the client, that you know
what they’re capable of. Community Bank
saw our goals, our vision and what opportunity was here
for all vested parties. It was a sprint to the finish because with each passing day
before we closed, we were losing more employees. Once they understood the urgency
of the situation, Community Bank could move fast and we had a commitment letter
well within two weeks. We know people are going
to keep their jobs and, me personally,
I want to see that happen. Business is so much more
than making money, it’s about people and the value
you bring to the community. You want the bank
that’s going to be with you in the good times and the bad,
the peaks and the valleys. Having a bank that can
perform like that as a partner is fantastic.

Leave a Reply

Your email address will not be published. Required fields are marked *