HPM was founded as Hawaii Planing Mill in 1921 in order to custom mill lumber from the U.S. Northwest and provide other building supplies to contractors and builders. Now 100 percent employee owned, HPM Building Supply is the eighth largest
Reyn Spooner recapitalizes equity
Reyn Spooner Inc. and Reyn’s Menswear have announced the growth equity recapitalization of the companies with the private equity firm, Wedbush Capital Partners. As part of this transaction, Wedbush Capital will provide equity capital and resources to continue Reyn Spooner’s growth. Additionally, all senior members of management invested and First Hawaiian Bank expanded its current lending relationship.
It was also announced that Michael Brosnahan was appointed as chief executive officer. Brosnahan is a seasoned executive with more than 20 years of executive experience with branded apparel companies, including Nike, Speedo and Puma. Tim McCullough will be named chief design officer and will be director of the board. He will also remain a significant shareholder along with other members of the McCullough family. Kirk Hubbard, the current chief operating officer, will continue in that position and will assume additional responsibilities including responsibility of the retail stores.
Long-term plans include global expansion of the Reyn Spooner brand through licensing opportunities, both as licensee and licensor, and possible acquisitions of similar brands. One of Reyn Spooner’s most valuable and unique assets is its print library, consisting of more than 50 years of classic designs and copyrighted original artwork.
Isbister promoted to director of sales
Big Island Visitors Bureau has promoted sales manager Deanna Isbister to director of sales, effective immediately.
Isbister is based in the organization’s Waikoloa office and will continue to travel frequently, promoting the unique aspects of Hawaii Island. In her new role, she will direct the leisure sales activities for the U.S. mainland and Canada and assist with conventions, meetings and incentive opportunities, as well as nurture the European and Asian markets.
Isbister previously served as ResortQuest Hawaii’s regional sales manager for eight years on the mainland, and has also worked as group sales manager for Apple Vacations, as well as for Hyatt Hotels.
HPM Building Supply welcomes Tom Rietow
Tom Rietow has joined HPM Building Supply as sales manager for lumber and building materials for the Oahu, Maui and Kauai markets.
Rietow’s new position at HPM is a result of the Big Island-based building supply company’s recent expansion into the neighbor island market. The company, which has had a successful custom metal roofing sales office and operations in Honolulu for more than 10 years, now adds lumber and building supplies to the mix.
HPM was founded as Hawaii Planing Mill in 1921 in order to custom mill lumber from the U.S. Northwest and provide other building supplies to contractors and builders. Now 100 percent employee owned, HPM Building Supply is the eighth largest private employer on the Big Island. Its manufacturing operations include HPM Truss, HPM Custom Metal Roofing, HPM Doors and HPM Wood Protection Co.
