This is a premier luxury residential and resort construction company on Hawaii's Big Island, serving an elite clientele of global executives, venture capitalists, and technology leaders who demand the highest quality and complete discretion. Founded in 1976 and operating for nearly five decades, the company has built its reputation on exceptional craftsmanship, on-time delivery, and homes that command the highest resale values in the luxury market. Revenue reached roughly $71M in the most recent fiscal year, with work almost entirely in high-end residential construction alongside a smaller share of custom resort and commercial projects. Clients come almost exclusively through word-of-mouth and reputation, and there is no meaningful local competition at this tier.
The scale and caliber of the work set the company apart. It typically has about a dozen major homes under construction at any given time, currently including a single residence valued at approximately $65M, likely the highest-value home being built in Hawaii. Its capabilities extend well beyond custom homes to large commercial work, including a roughly $100M hotel-to-condominium conversion and a roughly $100M private resort clubhouse. Demand consistently exceeds capacity: the company turns away around six projects a year, a clear signal of a durable, oversubscribed pipeline and a natural runway for a new owner to grow by expanding capacity.
The team is the foundation. The company employs roughly 100 direct W-2 employees, including a dedicated equipment division, seasoned field supervisory staff, and in-house tradesmen. It self-performs all dirt and earthwork in-house while subcontracting roughly half of its project work by volume to long-standing trade partners, some of decades' standing. Project managers average 10 to 25 years with the company, superintendents and foremen 5 to 15 years, and office staff up to 25 years.
Leadership succession is already well underway. The founder, who has led the company since inception, is ready to transition after nearly 50 years and is prepared to stay on as a full-time consultant, tapering off as the buyer's team builds relationships with key staff. His son, who serves as COO, runs the business day-to-day and is already winning significant new clients entirely on his own, and intends to remain through and beyond the transition. The result is a business that does not depend on the founder's daily involvement, well suited to an absentee or semi-absentee owner who keeps strong management in place.
The company owns a modern in-house equipment fleet, primarily excavators, bulldozers, and loaders, that powers its in-house dirt work and is included in the sale. The only exception is the company's rock-crushing and aggregate operation, which the owner will retain and continue to run separately. No real estate is included in the transaction; field operations run from a leased base yard in the Kona industrial area, held under a favorable below-market lease with an entity affiliated with ownership that transfers to the buyer on reasonable terms.
The financials include a one-time, non-recurring write-off tied to a discontinued land development in Kona, a separate venture in which the company funded pre-development costs before winding it down after it could not secure a capital partner. No revenue from that project ever reached the company's operating results, and the write-off is fully added back in the presented earnings. A detailed explanation is available in the CPA-audited financials in the data room.
The standout: a half-century of brand equity, a proven leadership succession already in motion, a tenured team, marquee projects at the very top of the market, and a client base drawn from the upper tier of global wealth in one of the world's most sought-after luxury markets.
