Ernie and Betty Loewen
Ernie and Betty Loewen prove that moving forward doesn’t have to mean letting go of what you love.
Ernie and Betty Loewen built a successful family business starting with nothing more than principles of integrity and hard work. They launched Loewen Welding & Manufacturing Ltd. 47 years ago in the heart of the Fraser Valley. The farm equipment it designs and manufactures has stood the test of time. How did they go from just 1 employee to 25, and a 27,000 sf building, selling products worldwide? Ernie listened to the farmers. His passion was to bring them new and innovative farming equipment solutions. He knew that farmers do not take investments in equipment lightly. The hallmark of Loewen equipment is customer satisfaction delivered through strength and reliability.
About ten years ago, Ernie and Betty were looking for help with financial planning and were referred to Covenant by a farming customer and friend. Covenant’s application of biblical principles to matters of wealth proved a perfect fit. Over the years, Covenant has helped the Loewen family in many areas: estate plans; contract development; investments*, insurance, and ultimately, family business transition. Transitioning the business was particularly challenging for Ernie, but not for the reasons you might think. It really wasn’t about him. Ernie remembered the long hours and hard work, the stress of economic change, competition, and tough situations; he was concerned for his family. He even considered selling, but his family wanted to carry on what their dad had started. Following God and living by faith, he realized his children had the skills to succeed and they were willing to take the risks of owning and running a business.
Business transition is both a technical and emotional journey. As Ernie slowly let go of the reins, the love and gratification his grown children had for the business became evident. More than anything, it was their love for God and each other that allowed the transition to succeed. Stepping away from day-to-day operations, Ernie is free to take on jobs he enjoys or just stop in for a visit. He still gets great pleasure from personally delivering equipment to customers. Although the business officially transitioned in 2011, his wisdom and insight gained through decades of experience, hard work, and problem solving continue to bring value to the business. Ernie and Betty are thrilled to see the business continue, founded on its roots, but their greatest satisfaction comes from knowing their family love and respect them as a business persons and parents.
These days, Ernie and Betty enjoy time with their grandchildren, going to the family lake property, taking the entire family on vacation, and attending church events. Whatever they are doing, everyone knows it will revolve around a really great meal. Ernie and Betty still have fun doing life with family and business. What a blessing!
Over the years, Covenant may have learned as much from Ernie as he has from us and it is the relationships we have built with the Loewen family that we appreciate the most.