History
Corporate
Core values
Financial Position
SRS Crisafulli is a national and international company. Over 5,000 customers, large and small, throughout the United States and in many other countries have purchased our products. Crisafulli engineers, manufactures, sells, and services versatile high capacity pumps, dredges, power units, accessories, and spare parts, in both standard and custom configurations, to customers in six market segments. Crisafulli products are used in a wide variety of applications including transfer of fluids in large volumes, from clear water to slurries with high concentrations of solids in solution, and dredging of municipal and industrial wastes, including toxic and non toxic materials.
Over forty years, Crisafulli has earned a reputation for building versatile, rugged, reliable, long lasting high-value products supported by superior service, and leadership in its product groups.
The wide range of performance and application capabilities of the rugged, reliable Crisafulli Pump, Dredge, and Power Unit product line, each model of which can be customized to our customer's special requirements, provides our customers with what we call "The Crisafulli Advantage."
Over the years, Crisafulli has developed proprietary pump designs and manufacturing technologies. "Crisafulli Impeller Inside" describes our pump line - our trailer, vertical, hydraulic, submersible, and axial flow pumps. In most cases, a Crisafulli Pump is also used in Crisafulli Dredges. With a Crisafulli Impeller Inside customers are assured of rugged, versatile, high capacity pumps and pumping and dredging systems.
The Company was founded in 1966 by three Crisafulli brothers, Angelo, Frank, and Joe, in Glendive, Montana, which is still headquarters. One grandson of Frank Crisafulli is employed by the Company today. The original product was a patented double suction impeller used in high capacity pumps to irrigate family farms along Montana’s Yellowstone River. Early pumps were powered by tractors on the families’ and neighbors’ farms and ranches. The pump, sometimes referred to as a PTO trailer pump (for power take off) is still active in the product line.
Crisafulli is proud of its Montana heritage. For your pleasure, we offer scenes of Montana and the American West, its wildlife, mountains, rivers, and National Parks throughout this Web site.
Crisafulli’s versatile manufacturing capability is based on two fundamentals - practical people and flexible methods. Many of Crisafulli's manufacturing staff grew up on the farms and ranches in Eastern Montana. From this background they know how to use machines to solve problems. Crisafulli combines these talents with seasoned engineers who use modern design techniques to produce quality, reliable products. Crisafulli's manufacturing process results in unusual flexibility and low costs.
In 1982, Dick Memhard, through his firm, Memhard Investment Bankers, organized an investor group to buy the business. Since 1982, Crisafulli has grown approximately fourfold, broadened and improved its product line, developed a professional management team and the various systems required to function in today’s competitive international markets.
Founded with the technology of cutting, bending, and welding flat steel into finished products, Crisafulli began life as a fabricator. Fabrication of steel remains Crisafulli's core manufacturing process, supported, however, by engineering and assembly of complex electro/hydraulic systems, and the use of computers and modern software in the design process. Crisafulli uses independent contractors to broaden further its technological capability. Crisafulli’s engineering and manufacturing technologies enable the Company to build an exceptionally broad product line and to customize products for customers' special applications.
Financial Position
SRSC is conservatively managed. Two statistics provide a clear picture of the Company’s financial strength – our current ratio, current assets divided by current liabilities, and the coverage of current liabilities by our cash reserves. Our current ratio at June 10, 2007 was 3.5 to one, or almost two times as strong as the industry standard for manufacturing companies; at the same date, our cash reserves were 2.46 times our entire current liabilities. In addition, Rowland, Thomas & Company, CPAs and independent accountants of Miles City audit our financial statements each year.
Accordingly, our customers and suppliers should feel confident they are dealing with a financially responsible, conservatively managed business – SRS Crisafulli.
Corporate
Board of Directors
Richard C. Memhard, Chairman & President. Dick Memhard has 40 years experience in investment and commercial banking, venture capital, general management and corporate development. His background includes: 28 years as owner/manager of Memhard Investment Bankers, Inc.; 11 years in investment banking in New York City as General Partner of Hornblower & Weeks - Hemphill, Noyes and then Senior Vice President and Director of Corporate Finance for G. H. Walker & Co., Inc.; B. A. Yale University, MBA Golden Gate College, U. S. Naval Reserve Officer during Korean War.
G. Corson Ellis, Jr., a resident of New Jersey, is Chairman of Kessler-Ellis Products, Inc., and of Keptel, Inc., manufacturing electronic and electro-mechanical components.
Raymond Scott Memhard, a resident of Massachusetts, is President of Cape Pond Ice Company, a New England ice manufacturer.
Laura M. Fleming, Director, Controller and President.
Laura Fleming is also President of Memhard Investment Bankers, Inc., and is a graduate of Stanford University.
Independent Accountants - Douglas H. Benge, CPA, Rowland, Thomas & Company, CPAs, Miles City, Montana
General Counsel - Mark E. Noennig, Hendrickson, Everson, Noennig & Woodward, P. C., 208 North Broadway, Suite 324, Billings, MT 59101
Principal Bank - Stockman Bank, Glendive, MT 59330
Core Values
We are responsible to our customers, and all others who use our products. Our products must always be of the highest quality. We constantly strive to reduce the cost of these products while seeking to provide our customers with the best values available in the marketplace. We are committed to providing customers with prompt deliveries and efficient and courteous service.
We endeavor to establish conditions where persons can become united with a firm spirit of teamwork and can develop and demonstrate their abilities and skills, express their ideas, assume responsibility, and are treated with civility, dignity and respect. We place our main emphasis on ability, performance, and personal character.
We seek excellence in our communications and integrity in all our dealings.
We shall market our products and services nationally and internationally.
We are responsible to those who work with us, the men and women in our plants and offices. We seek to provide stable employment, wages which are fair and adequate, reasonable hours, and clean and orderly working conditions. We offer employees an organized system for suggestions and complaints. We strive to offer qualified persons opportunities for training and advancement.
Our executives, department heads, and supervisors must be qualified and fair-minded, persons of talent, education, experience, and ability. They must be persons of common sense and understanding.
We strive to be a responsible corporate citizen - support good works and charity, and bear our fair share of taxes, participate in promotion of civic improvement, and acquaint the community with our activities. We must maintain in good order the property we are privileged to use.
We are responsible to our stockholders. Our Company must make a sound profit. Reserves must be created, research must be carried on, adventurous programs developed, and mistakes paid for. Adverse times must be provided for, new machines purchased, new plants built, new products launched, and new sales plans developed. We must experiment with new ideas.
We are determined to fulfill these obligations to the best of our ability.
