AT PEN STEEL, WE "DO WHAT IT TAKES".
Flat Water Investments, LLC, in collaboration with Investment Partners TDoubleU, LLC and JMU, LLC, are pleased to announce the successful acquisition of substantially all assets of Pen Steel Inc, located in Omaha, NE. Under the new ownership, the current dedicated manufacturing personnel and various support staff will seamlessly transition, marking the inception of Pen Steel Manufacturing.
Known as the Manufacturer for Manufactures, Pen Steel, Inc. stands as a key player in the heavy manufacturing industry. Leveraging cutting-edge manufacturing technology and boasting an extensive market reach, Pen Steel specializes in delivering top-tier components, weldments, and assemblies. The incorporation of state-of-the-art Laser and Robotic Welding capabilities underscores the commitment to ensuring quality, repeatability, and timely delivery.
In addition to the acquisition, the leadership teams of Flat Water, TDoubleU, and JMU are committed to leveraging their extensive expertise and resources to further enhance Pen Steel Manufacturing’s capabilities. The infusion of strategic investments will be directed towards the implementation of advanced technologies, process optimization, and expansion of production capacities. This collaboration reinforces their commitment to the success of Pen Steel Manufacturing.
Penny Rosso, the esteemed Founder and President of Pen Steel, expressed her confidence in the future of the company under the stewardship of Flat Water & Affiliates. She emphasized the shared cultural values and innovative drive between the acquiring entities and Pen Steel, further solidifying the commitment to maintaining the well-being of the existing employees.
Jacob McCoy, Vice President of Business Development for Flat Water, commends Penny Rosso for initiating and building an exceptional business. He conveyed the collective gratitude of Flat Water and its affiliates for the privilege of continuing the legacy of Pen Steel.
Jay Utterback, President of JMU, LLC, acknowledged Pen Steel as a longstanding high-quality supplier and expressed honor and privilege in carrying forward Penny Rosso’s legacy.
Trent Whittaker, President of TDoubleU, LLC, shared his excitement and energy in collaborating with Penny’s existing customer base and current employees to enhance the company’s standing as a premier supplier. His sentiments reflected a longstanding relationship with Penny dating back to 1998.
Flat Water Investments, LLC, a Family Office based in Kearney, NE, focuses its investments on Manufacturing, Real Estate, Site-specific Power Generation, and Agriculture, with strategic locations in Nebraska, Texas, and California. The acquisition of Pen Steel aligns seamlessly with the diversified portfolio and strategic vision of Flat Water Investments.