Honsador Gains New Investor for Growth
Honsador Holding LLC announced on Dec. 1 that Grey Mountain Partners, based in Boulder, Colo., has invested in the company.
The investment is in order to both support the company’s strategic growth plan and to help the management team and its employees in their efforts to consistently provide customers with best-in-class service.
As part of the investment, Grey Mountain acquired the ownership interests of Cyprium Partners out of Cleveland, Ohio.
“We are excited going forward, to have a company like Grey Mountain Partners as our new equity partner,” said Pete Schiller, Honsador’s Chief Executive Officer. “Grey Mountain is committed to assuring that Honsador and all of its present and future affiliates are the strongest in their respective markets and that we bring superior value and relevance to the customers we serve.”
Honsador has two locations on the Big Island, one each in both Hilo and Kailua-Kona.
The company is Hawai’i’s largest building material wholesaler, dealer, retailer, and manufacturing entity. In addition to the locations on the Big Island, Honsador operates 13 additional locations across the state, as well as a distribution hub in Portland, Ore.
In 1935, Honsador was founded in downtown Honolulu. The company began by manufacturing and selling window sashes and doors and at the time, was known as Honolulu Sash and Door.
In the 80 years since the company’s foundation, and now with nearly 300 employees, Honsador has grown into a successful entity that serves contractors and owner builders with quality building material of all kinds.