Press Releases

Jeff Bow Executive Leadership & Coaching Series with Guy Akasaki

Guy Akasaki was recently interviewed by Jeff Bow, Executive Coach in a recent series of visionary leaders in the business realm sharing their experience and insight.

Part 1 (of 3)

Part 2 (of 3)

Part 3 (of 3)

Visit his website here.

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Building Industry’s Top Ten Roofers #2: Commercial Roofing & Waterproofing Hawaii Inc

Looking Forward to a ‘Comeback’ Year
By Judith Shinsato

CEO/President: Guy Akasaki
Years in Hawaii: 17
No. of Employees: 60
Specialty: Roofing – low slope roofing, architectural metals, steep-slope roofing, specialty coatings, roof management and maintenance; above and below grade waterproofing; building integrated and applied photovoltaics

Download the full article here.

Reporting revenue of $10.6 million for 2010, a small dip from 2009’s $10.9 million revenue, Commercial Roofing & Waterproofing Hawaii, Inc. takes the No. 2 position in our survey.  “2010 was a tougher year than the years prior due to the economy,” says Guy Akasaki, company president and CEO.  “Different sectors were hit harder than others, for example, the commercial sector; and the residential construction was down to (lower) consumer confidence and loss of employment.  However, we have seen more activity in the military sectors from the buildup of Pacific Rim engagements due to China and North Korea’s activities.  Photovoltaic systems (PV) also were a strong, robust sector due to the tax credits and subsidies along with our ability to provide turnkey solutions.”

Turnkey Roof and PV installation for Japanese Cultural Center of Hawai'i

Keeping the company busy in 2010 were: Paradise Beverages, Four Seasons Kaanapali, Wailuna condominium, Waialae Country Club, Japanese Cultural Center of Hawai’i, various buildings at Punahou School, Sheraton Maui Resort and Woodwinds condominium.

Wailuna Townhouses

Sheraton Maui Resort

Commercial Roofing also recently added three new members to its staff last year: Richelle Thomason, with more than 25 years in real estate management, finance and construction, joined the firm as Director of Business Development and Client Relations.  With an MBA in marketing, Dana Akasaki has come on board as Chief Corporate Marketing Director for the consortia of businesses affiliated with Commercial Roofing.  Finally, Candace Akasaki, a licensed certified public accountant formerly of Ernst & Young in San Jose, joins the company as Assistant Controller.

Looking ahead, Akasaki says, “There appears to be more confidence reflected in the increased bidding in sectors across the board in relation to 2010, when there appeared to be an ‘unsettled calm in the air.’ Generally, down cycles in the past have been about 16 months.  It took nearly three years in this cycle to clean up a lot of the economic aberrations.  I’m feeling a bit more confident, though optimistically cautious due to the infusion of $600 billion into the global economy and many of the state bonds coming due at the end of 2011.  I would say 2011 will be a comeback year.”

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Thomason Joins Commercial Roofing & Waterproofing Team


(Honolulu, HI) – Richelle Thomason has joined Commercial Roofing & Waterproofing Hawaii, Inc. (CRW) as their Director of Business Development & Client Relations.   In this position, Thomason will be responsible for generating new business leads, assessing marketing opportunities and target markets, and creating proposal and business model designs.   She will also respond to economic and market trends, undertake client presentations, negotiate project contracts, provide customer service, and follow through on project management of executed sales.

Guy Akasaki, President of CRW said, “We were impressed with Richelle’s accomplishments and her skills with adding a refined ‘personal touch’ to her professional approach.  She brings over 25 years of experience in real estate management, finance and construction and her extensive background will provide superior service, assurance, and reliability of CRW’s unique turnkey energy solutions for our clients.  We are mutually excited to have Richelle join our team and we look forward to aligning her abilities with our company’s core values and goals to exceed client expectations and to deliver professionalism with a personal touch.”

Commercial Roofing & Waterproofing Hawaii, Inc. is a full-service roofing and waterproofing contractor with 60 + employees and operations in Hawaii, Guam and the Philippines.  They cover the full spectrum of roofing and waterproofing, having installed nearly every kind of system from the purely functional to assemblies that are highly visible and aesthetically pleasing.  They are highly involved with ‘Sustainability Initiatives,’ and through their partnerships with other companies, provide a multitude of technologically advanced clean energy systems and efficient products to reduce carbon footprints, including solar reflective specialty coatings, and a new generation of technologically advanced PV energy systems.

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Construction Industry Guide – Hawaii 2010 “Commercial Roofing & Waterproofing Hawaii, Inc” p.42

“To live Professionalism with a Personal Touch” – Guy Akasaki, President & CEO


Founded in 1993 by Guy Akasaki, Commercial Roofing & Waterproofing Hawaii, Inc. (CRW) has grown from a three-man forensics specialty repair company to a full-service roofing and waterproofing contractor with 75 employees and operations in Hawaii, Guam and the Philippines.  The company’s mission is “To dedicate ourselves as a unified team of professionals, utilizing our knowledge and experience to be on the forefront of roofing technology, exceeding client expectations.

Scope of Services:

CRW covers the full spectrum of the roofing and waterproofing industry, having installed nearly every kind of system, from the purely functional to assemblies that are highly visible and aesthetically pleasing that fit within “Sustainability Initiatives, regarding reduced landfill debris, reduction of energy consumption through solar reflective specialty coatings, and the generation of energy.”  Since all roofs do not require new roofing assemblies, CRW is able to identify water intrusion problems and can recommend remedies that allow time for larger budget cost solutions.  The company prides itself on tacking extremely difficult projects and provides continuous communication throughout each project.

Most recently, CRW has made a concerted effort towards reducing the impact upon the environment, which has resulted in utilizing more environmentally friendly initiatives and methods, including the use of GPS (global positioning system) technology and photovoltaic roofing assemblies.

Enlarging its presence and capacity in the photovoltaic arena beyond just contracting installations, CRW has developed strategic approaches to alternative financing options, including power purchase agreements which are beneficial to nonprofits, for-profits, owner user/investors, and investors that are specific to the ITC (Investment Tax Credit) renewable energy investment tax credits and subsidies for state and federal taxes.  This strategy empowers various types of clients to integrate renewable energy initiatives with phenomenal benefits depending on their needs.

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“Best In Business – 1″ Winner at BLH 2010

Best in Business I Winner

Roofing company takes high road to success

Guy Akasaki, CEO & President

Premium content from Pacific Business News – by Curtis Lum

Date: Friday, October 22, 2010, 12:00am HST

Guy Akasaki isn’t your typical pitch-and-gravel roofer.

When he formed Commercial Roofing & Waterproofing Hawaii Inc. in March 1993, he often drove to prospective clients on a motorcycle, with a ladder strapped to its side, to pitch his fledging company. He turned down lucrative jobs, even

though his company was struggling, because they went against a commitment that he made to himself when he first started.

And he would constantly ask questions such as, “What is the black stuff that you put on the roof?” Read More

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BIA – Hawaii Remodelers – March 7, 2010

remodeling and restoration arm of the Building Industry Association (BIA) of Hawaii, will be offering helpful information on remodeling, landscaping and design in this weekly column. We know you will find these columns loaded with helpful information.

Green Roofs Make Green Sense
Over the l Members of the BIA-Hawaii Remoders (BHR), the ast few years, many homes and commercial buildings have renovated their roofs with Photovolatic Energy Systems (PV).

Living or working in an environment with a green roof is a satisfying choice because we are choosing to become more environmentally responsible citizens.

A PV roofs saves money for owners and managers every month by transforming your roof into an asset that provides energy-efficient homes and workplaces.

In fact, PV roofs alone will save Hawaii millions of dollars in deferred energy consumption.

Besides spending less money every month on your electricity bill, you can take advantage of the federal and state tax investment credits.

For commercial buildings, Built-In Photovoltaic (BIPV) roofs can work the best.

However, even with tax credits, the purchase and installation of a BIPV roof can be costly.

We provide solar energy financing for this which assists our customers tremendously.

So whether it’s a BIPV or a PV roof, as long as the sun continues to shine, you can have a risk free, lower cost source of predictable energy.

Guy Akasaki
Commercial Roofing & Waterproofing Hawaii Inc.

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Building Industry, January 2010 Newsbeat: “Greenpath Completes PV Project for JWCC” pg.65

The 480 solar modules atop the JWCC, span nearly 12,140 square feet.

A blessing ceremony was held on December 2 for the installation of a photovoltaic (PV) system for the J. Walter Cameron Center (JWCC) in Wailuku, Maui.  The system was installed by GreenPath Technologies, Inc., a native Hawaiian owned and operated renewable energy solutions provider.

“GreenPath Technologies engineered one of the most advanced PV systems available today for (the JWCC).” Says Briand Achong, president and CEO of GreenPath.  “Utilizing PV integration, contracting and turnkey resources, JWCC now has a comprehensive solution to (its) long-term renewable energy needs.”  Achong says the nonprofit center should see an immediate reduction in its operational costs, allowing it to focus more on its charitable objectives and resources.

The system includes 480 high-efficiency, solar modules covering nearly 12,140 square feet of the center’s roof.  According to Achong, the 110,400 kilowatt CD PV system will provide one-fourth of the building’s annual electricity needs.

GreenPath also arranged a power purchase agreement  (PPA) to finance the cost of the system through Sunforce Solutions International-1 (SFSI), a Hawaii-based solar energy finance company.  “Since JWCC is a nonprofit agency, they were unable to take advantage of the tax incentives, and the operation and maintenance required for (this) system.  We are happy to assist with the financing by designing a 20-year PPA, which enabled JWCC to install a state-of-the-art PV system without any investment,” says Craig Hunt, SFSI CEO.  “As long as the sun continues to shine, the JWCC has a risk free, lower cost source of predictable energy for the life of the PPA.”

It is estimated that the system will generate a savings of 35 percent in electricity costs during the PPA term.

The system also will reduce emissions each year equal to approximately 123,733 pounds of coal, 317,887 pounds of carbon dioxide, 1,069 pounds of sulfur dioxide, 458 pounds of nitrogen oxide – equivalent to 24,441 trees planted, 387,086 miles not driven, and 9,471 days of automobiles not driven, according to Achong.

Cesar Gaxiola, executive director of the JWCC, ways, “Although our building is nearly 30 years old, this state-of-the-art PV energy system is a huge upgrade and will better serve the people of Maui with a facility that is energy efficient for at least the next 20 years.  It’s also a great way to demonstrate environmental awareness and responsibility and sets high standards for our future generations.

GreenPath Technologies also provided a sustainable Energy Star-rated cool roof installed by Commercial Roofing & Waterproofing Hawaii, Inc.  “We always consider building and roof integrity while designing a PV systems for our customers,” says Achong.

From left: Cesar Gaxiola, JWCC executive director; Maui County Mayor Charmaine Tavares; Danny Mateo, chair of the Maui County Council; Clyde Murashige, board of directors president for JWCC; and Briand Achong of GreenPath.

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The Maui News, December 3, 2009 News: “Solar panels electrifying”

Solar panels cover a section of the Cameron Center’s roof while project officials give a tour after Wednesday’s blessing ceremony.

Mayor Charmaine Tavares and Council Member Mike Victorino listen as lead project engineer Charles Chacko describes how the photovoltaic inverter transforms DC power from solar panels to AC current for use at the Cameron Center.  “It’s like the brain and heart of the system,” Chacko said.  The solar system installed by GreenPath Tehcnologies Inc. includes 480 high-efficiency solar modules covering more than 12,000 square feet on the center’s roof.  The system is expected to provide 25 percent of the building’s electrical needs.

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Building Management Hawaii June – July 2009

Financing Solar Energy

A new company has been formed to finance photovoltaic projects and help reduce the cost of energy.

It is SunForce Solutions International, Ltd. (SFSI), established in early 2008 as one of the first Hawaii solar energy finance companies.

According to SFSI’s CEO Craig Hunt, the turnkey solar finance company “assists customers with finance options for installation of large and medium-sized photovoltaic (PV) systems through a 15 or 20 year Power Purchase Agreement (PPA).

“Customers receive their electric power from a SFSI photovoltaic solar system installed on their premises and pay a lower monthly electricity bill to SFSI.

“Normally, PPA is not offered with Built-In Photovoltaic (BIPV) systems; however, SFSI can offer PPA financing if the BIPV system is installed through Commercial Roofing & Waterproofing (CRW), which possesses the skill to install and remove the PV panel without damaging the roof or the solar panel,” said Hunt.

Hunt said solar energy costs are now less than fossil fuel energy costs.

SFSI’s energy finance is comprised of a local network of qualified tax equity investors who provide 100 percent financing for their Hawaii-based customers.

Guy Akasaki, chairman and co-founder of SFSI, is also the principal of Commercial Roofing and Waterproofing.

According to Akasaki, SFSI empowers its clients to integrate renewable energy initiatives with no upfront costs, lower their energy consumption and reduce their operating costs.

“Our customers will see an immediate savings on monthly electric bills and will be able to cap their long term energy costs for 15 to 20 years.”  SFSI’s solar energy equipment includes installation warranties and long-term comprehensive insurance to cover unlikely business interruption of service, general and product liability and property and operations risk.

The SFSI team includes international experts in solar energy finance, design, installation and long-term operations and maintenance.

PG.10 – Industry News

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Building Management Hawaii, June-July 2009 “Is There A Miracle Bucket” p.18 By Larry Young

Roofing assemblies and coatings require a comprehensive approach, and should not be confused with the thoughts that roofing repair materials come in a miracle bucket!

Roof maintenance really begins with preventative maintenance, which includes having a broad understanding and knowledge of the plethora of roofing products available, and their chemical makeup.

Only with this understanding, can the roofing professional select and utilize the proper application for roof management, maintenance and preventative maintenance options.

Let me give you a little history.  In the early roofing days, petroleum-based asphalt and a coal-based pitch were the basic waterproofing products for Hawaii’s low slope and various other vertical roofing applications.  The integrated components of asphalt or a pitch roof provided the waterproofing aspects of a built-up roofing assembly, while the components of the felt layer performed as the reinforcement for the assembly.  The final component, the top aggregate (gravel), acted as the weathering surface and also provided ultraviolet protection.

Then came changes due to rising oil prices.

Thermoplastics were generally used for “white” geographic hot zones, and thermosets such as black rubber EPDM single plys helped with “cool” geographic zones.  Their unique chemical makeup has allowed various conditions to weather against things such as animal fats, acid rain and various chemical residuals.

Today, acrylic coating is widely used.  The main component of an acrylic coating is the base plymer which makes up anywhere from 75-80 percent of the coating.  A good quality acrylic coating is expensive due to its product volume; and fillers…(continued on pg. 20)

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