In 2019, we worked collaboratively with Rock Machinery, LLC to secure financing to re-locate their facility from Saukville to Allenton, WI. Ready for more growth, Rock Machinery sought EDWC’s assistance to fund construction of a 10,000 sq. ft. “cold storage” warehouse on the site of Rock Machinery’s Allenton headquarters.
This building will create space to house Rock Machinery’s large, heavy equipment and replacement parts inventory in a protected environment away from the elements. The increase in inventory of larger, finished parts for heavy equipment awaiting sale and/or installation will give Rock Machinery an edge in the service industry by reducing their response times. Rock Machinery plans to expand its lines with several manufacturers over the next 2-3 years and needs the additional storage space to accelerate their growth.
We were thrilled to work with Rock Machinery again to accelerate their growth plans and recently closed the deal so they could break ground on the new building. This win for the community was made possible through the collaborative efforts of Washington County, Allenton, Commerce State Bank, Rock Machinery, and EDWC.
Rock Machinery Co., LLC Details
Founded in 2004, Rock Machinery is a prominent distributor for many quality brands of crushing, screening, and specialty products used in the aggregate, mining, and recycling industries. Headquartered in Allenton, WI with a branch office/warehouse in Osseo, WI, Rock Machinery works with customers throughout the Midwestern United States. Rock Machinery also provides replacement components, complete crusher rebuilds, and full-service repair on all makes and models of equipment used in the aggregate industry. For more information, contact Rock Machinery at (262) 536-4603, or visit www.rockmachinery.com.
Preserved Capital Will Fund Apprenticeship Program
As an added benefit, the RLF loan to RMC will support Rock Machinery by preserving capital to support its 5-year, customized, employer-funded apprentice program developed in conjunction with Moraine Park Technical College to maintain its need for future service technicians as the company grows. The apprenticeship program launch is planned for Q3 2022.
Washington County Revolving Loan Fund
Accessing funds through the Washington County Revolving Loan Fund (RLF) was key to getting the Rock Machinery deal across the finish line. EDWC’s Sherry Saiki facilitated Rock Machinery’s application process and made the case to the RLF committee to ensure Rock Machinery’s growth plans could move forward as planned. If you would like to learn more about how we can help with funds for your company’s growth plans, reach out today.