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Flat Water Investments, 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 Manufacturers, Pen Steel 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.


Committed Leadership
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 Investments, commends Penny Rosso for initiating and building an exceptional business. He conveyed the collective gratitude of Flat Water Investments 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.
Our Team

Trent Whittaker
Owner/VP of Sales & Administration

Jay Utterback
Owner/VP of Operations

Chad Lind
CFO

Francisco Rivera
Laser Department Coordinator

Patrick Fetter
Machinist

Wes Ellison
Shop Manager

Luis Vazquez
Robotic Department Coordinator

Flavio Gonzalez
Fabricator – Saw

Glen Ord
Purchasing Manager

Ted Evans
Robot Operator

Rusty Blankenship
Mig Welder

Shelby Wynn
Scheduling Coordinator

Dustin Esaias
Robot Operator

Joel Husebo
Mig Welder

Bob Pettinger
Shop Multi-Purpose Operator
Dean Addleman
Mig Welder
Alex Anderson
Laser Operator
Skye Beraz
Clerical Admin Associate
Shawn McSheehy
Machine Operator
Robert Carney
Warehouse Coordinator