Jim Roscoe, CEO of Roscoe Steel & Culvert Company announced today the company has been acquired by The Rommesmo Companies, a Fargo, ND-based provider of structural steel, corrugated steel pipe and steel tanks.
Jim Roscoe will retire from the 58-year-old family-owned business, transitioning leadership responsibilities to Ole Rommesmo Jr., owner and CEO of The Rommesmo Companies. Both Rommesmo and Roscoe are second-generation owners, and the sons of their respective company founders: William P. Roscoe Jr. and Ole Rommesmo Sr.
"This deal makes sense for our customers and our employees," said Roscoe. "The Rommesmo Companies are built on the same core values that have made Roscoe Steel the respected organization that it is today, and by joining forces, the combined team will be able to provide all of our customers with more products and more solutions."
With the acquisition, Rommesmo Companies adds Roscoe's expertise, capacity and products to its structural steel, tanks and corrugated pipe product lines, while adding Roscoe's respected line of steel bridges to its product line-up. The combined company will also offer customers increased fabricating capacity and an expanded geographic footprint. Rommesmo Companies will now have production facilities in Billings, MT; Missoula, MT; and Casper, WY to go with its existing facilities in Fargo, ND; Blaine, MN; Mandan, ND; Huron, SD; Rapid City, SD; and Gillette, WY.
"We are excited for the Roscoe team to join our organization," said Rommesmo. "We've always respected the way Roscoe has gone about their business. They have a strong team in place and have a similar business philosophy."
The Rommesmo Companies designs steel products and structures. For more than 65 years, the company has served the agricultural, construction, mining, road building, energy and dozens of other industries, providing structural steel, tanks, corrugated pipe, bridges and logistics services. For more information, visit www.rommesmo.com and/or call 701-492-4433 or contact Bill Lundberg at 406-869-2633.
The Big Sky Business Journal
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