About Val-Add Service Corporation
In 2000, Steve Sershen assisted a group of Chester, SD area farmers in the development of an ethanol plant. That project was successful; the plant was constructed and today operates as Dakota Ethanol in Wentworth, SD. Following the success of that project, Steve founded Val-Add Service Corporation to help with similar projects.
As the ethanol industry began its growth in 2000 and 2001, the expertise gained while developing some of the early ethanol plants was in demand and Val-Add Service Corp. grew and expanded its project development expertise into a variety of value added agricultural ventures.
In the past several years Val-Add Service Corp. has assisted in the development of more than 20 ethanol plants in eight states, as well as working with projects as diverse as biodiesel production, soybean crushing, egg-laying, beef processing, fish farming, and dairy production.
The combination of project management skills, new entity structure and development experience, along with backgrounds in finance and agricultural business has provided Val-Add Service Corp. a unique ability to analyze and assist new business ventures. By the end of 2008 Val-Add Service Corp. had helped develop over One and a half Billion Dollars in new value-added agricultural ventures.
Who we are:
Steven R. Sershen, CLU, ChFC - President
Steve has a business resume that includes extensive experience in the financial field. He has over 25 years experience in various management positions including investment banking and in retail securities. Steve has worked for Citicorp, New York Life Insurance Company, Prudential Insurance, First USA and Steiger Tractor. After retiring from the financial services industry Steve founded and created Val-Add Service Corporation.
Brian has worked with Val-Add Service Corp since its formation in 2000. Prior to forming Val-Add Service Corp. he had a broad-based agricultural business experience. His background includes sales with Monsanto, grain elevator management and securities sales prior to joining American Cyanamid in 1986. During his 13 years with Cyanamid he held positions in logistics, sales management and marketing management, including responsibility for Cyanamid’s domestic insecticide products. Brian has a BS in Agribusiness and Animal Science from the University of Wisconsin-Platteville and an MBA from Northwest Missouri State.
Nick’s professional history started in the non-profit sector. He began his career as an executive with the Boy Scouts of America, serving two Scout councils. His experience includes event planning, fundraising, marketing and grant writing. Nick has degrees in International Business and Spanish from Concordia College, Moorhead, MN and an MBA from the University of Sioux Falls.
Marcia was the founding Executive Director of the Enterprise Institute which served as a virtual incubator for commercialization of research and growth oriented startup businesses. Many South Dakota and regional companies have been launched with her assistance. Guidance Interactive, the developer of the GlucoBoy or Didget, purchased by Bayer Diabetes Care is one such company. Marcia is credited with bringing organized angel investing to South Dakota. During her tenure as Executive Director of the Enterprise Institute, she developed an extensive angel network and started three formal angel funds. She was appointed by SD Governor Rounds to the Value-Added Finance Authority in 2007 for a four year term. Marcia graduated from South Dakota State University, Brookings, SD, with a Bachelor of Science in Microbiology and is also a Certified Public Accountant.
Meliya runs the back office service division of Val-Add Service Corp. As new projects are developed she registers and maintains investor records, bills for equity payments and issues stock certificates. Meliya has a BA in Business and Marketing from the University of Iowa and an MBA from the University of Sioux Falls.