Standard Change-Makers, Inc., a leading manufacturer of currency change machines and car wash entry systems, is pleased to announce that RKU Standard Incorporated, under the direction of Rob and Kathleen Unterborn, has purchased Standard Change-Makers, Inc. from the McNutt family – effective February 1, 2021.
Standard Change-Makers has been owned by the McNutt family since its founding in 1955 by James R. McNutt, Sr. In 1992, Jim McNutt, Jr., who has served in various capacities since 1977, took over as President/CEO of the company. The new owner, Rob Unterborn, has served as Standard’s Vice President/CFO since 2016; and became Chief Operating Officer in 2018.
“It was very important to us that the company be run by an ownership group with a family focus, and not be sold to corporate interests. The new ownership should be people that believed in the products and wanted to continue to build on the foundations that we have always worked hard to maintain. I’m excited for Standard that Rob and Kathleen have that kind of focus and that the company will be in good hands,” stated Jim McNutt, Jr. who will continue to assist in the operation by serving as Chairman of the Board of the new company that will operate under the name Standard Change-Makers.
“We said from the start that the only way we would move forward is if Jim, Sandy and Rob McNutt would continue to be part of our Standard team. Their experience and knowledge of the industries we serve and the day-to-day operations are an important part of who and what we are as a company. We have a great core team in place, and we want to continue to build the best products in the industry,” said Rob Unterborn, the new President/CEO of Standard Change-Makers, Inc.
All current management and team members will continue to serve in their present capacities; and the Regional Sales Team will continue with Dan Wagner leading efforts in the Eastern U.S., Tom Kozlik in the Western U.S., and Paul Thompson in Canada.