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

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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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