During the 20 years up to 1981, Jerry Plant became a national oil
and gas industry specialist for the Arthur Young accounting firm as
a partner in Tulsa and then Midland, responsible for services to
He joined the RAM Group Ltd. of Oklahoma City in 1982, helping
William W. Talley II start a financial services operation to help
oil and gas firms through the slump - negotiating workout agreements,
acquisitions, mergers and capital infusions.
In 1983, Plant took another major step, joining the financially
troubled Allied Materials Corp., Oklahoma City firm which
manufactured roofing materials plus sealers for auto bodies and
concrete paving joints. He went from chief financial officer to
president in 1984 and led Allied through an orderly sale of
operations, plants and equipment.
Now, Plant is bringing his wide variety of management and
Certified Public Accountant experience to lead the RAM Group into
the new diversified era of the Oklahoma economy. RAM Group's
financial and marketing consulting services will be expanded to
include banks, savings and loans, value-added firms in manufacturing
and services, plus real estate.
Plant was named president of the RAM Group on Oct. 1, said
Talley, who remains chairman. Fred A. Miller remains executive
vice president for natural gas activities.
"The RAM Group is positioning itself for the present to help
banks and savings and loans through current difficulties,'' said
Plant, "and for the future in the development of value-added
industry while we continue our oil and gas consulting.
"We believe Oklahoma must develop value-added firms in both
manufacturing and services. However, there are not a lot of people
who know how to go about it here, so we are bringing in people with
these skills. There is a big difference between the financing of
oil and gas and agriculture and the financing and development of
- In oil and gas and agriculture, commodities are taken out of
the ground and sold according to the current market, he explained,
with little strategic planning or marketing.
- Manufacturing and services firms must be "market driven," he
said, with products developed to meet the needs of the market and
expected changes in the market. This requires strategic and
financial planning, quality control, cost control and marketing.
Diversification of Oklahoma's economy has been a byword of
business and political leaders for several years, of course, in the
effort bring the state out of a five-year recession. Getting it
done, however, requires marketing expertise that is in short supply,
because the state has been dominated by oil and gas and agriculture,
Plant is convinced, however, that diversification must and will
"We have the potential with our central location and with
operations such as Tinker Air Force Base, the Federal Aviation
Administration and some major manufacturing firms," he said.
"Companies can be developed to supply large operations with
"The key is to develop our own companies, because only
Oklahoma-owned companies will bring wealth to Oklahoma.''
Financial institutions provide an immediate opportunity for the
RAM Group, said Plant, because that industry is going through major
changes right now. Not only have 67 Oklahoma banks failed in the
last five years, but numerous savings and loans are seeking new
capital both locally and nationally. …