Business View Magazine May 2023

176 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 5 and repair services for individual customers. Midwest Memorials also offers memorial design, memorial setting, and cemetery installation once monuments are completed. J-TEC Associates was purchased in 2020 as the experts in producing flow meters for internal combustion engines and wind sensors used by the US Military. J-TEC has established itself as a leader in the industry, with years of experience in testing and product development for multiple industries. According to Rayser Holdings President and CEO Michelle Jensen, these three acquisitions were made to accommodate business changes that support the holding company’s long-term growth, and efforts in providing employee- owners with wealth for their retirement as part of the ESOP charter. The pandemic, and more specifically the supply chain crisis that resulted in significant delays and huge shipping cost increases delayed the net positive financial impact of the acquisitions. This year is looking brighter as these shipping costs and supply chain challenges have stabilized. “We felt it was important to seek acquisitions outside of healthcare, so we weren’t so dependent on that one industry,” We are a proud partner of RAYSER HOLDINGS crbt.com | Member FDIC Acquisition/Ownership Transition Financing | Working Capital & Equipment Financing Treasury Management | Commercial Real Estate | Private Banking | Wealth Management Talk to us about our ESOP Financing solutions at 319.862.2728.