HPM Building Supply

Background

Founded in 1921, HPM Building Supply has been a cornerstone in Hawaiʻi's building industry for over a century. As a fifth-generation, family-run, and 100% employee-owned company, HPM is dedicated to enhancing homes, improving lives, and transforming communities. The company's mission is to provide high-quality building materials and services that support Hawaiʻi's contractors and homeowners. With a comprehensive product line and a commitment to innovation, HPM has established itself as a leading source for building materials in the state.

Key Strategic Focus

HPM's strategic focus centers on offering a diverse range of building materials and services to meet the needs of both professional contractors and homeowners. The company specializes in pro-grade lumber, trusses, tools, pre-engineered wall panels, custom metal roofing, pre-built sheds, steel framing, and pre-hung doors. By expanding its product offerings and geographic footprint, HPM aims to make housing more attainable and affordable for Hawaiʻi residents.

Financials and Funding

As a 100% employee-owned company through its Employee Stock Ownership Plan (ESOP), HPM's financial structure is unique. This model fosters a culture of shared success and long-term stability. Specific financial details, including funding history and revenue figures, are not publicly disclosed.

Pipeline Development

HPM continually seeks to expand its product lines and services. Recent developments include the introduction of the HalePlus Program, which offers affordable, small-footprint modular homes built in a controlled factory environment. This initiative combines HPM's expertise in manufacturing and design to provide efficient housing solutions for the community.

Technological Platform and Innovation

HPM distinguishes itself through its commitment to innovation and the integration of advanced technologies in its operations. The company offers pre-engineered wall panels and trusses, custom metal roofing, and steel framing solutions. Additionally, HPM has entered the commercial interiors market by offering CertainTeed acoustical ceiling panels, catering to a wide range of acoustic performance and visual preferences.

Leadership Team

Jason Fujimoto: President and CEO. As the fifth-generation leader of HPM, Jason has been instrumental in guiding the company's strategic growth and expansion efforts.

Adam K. Bauer: Chief Operating Officer. Adam oversees the company's operations, ensuring efficiency and alignment with HPM's strategic objectives.

Michael Fujimoto: Chairperson. Michael provides leadership and guidance to the board, drawing from his extensive experience within the company.

Leadership Changes

In recent years, HPM has maintained a stable leadership team, with no significant changes or appointments reported.

Competitor Profile

Market Insights and Dynamics

Hawaiʻi's building materials industry is characterized by a mix of local and national players. The market is influenced by factors such as housing demand, economic conditions, and the availability of resources. HPM's long-standing presence and comprehensive product offerings position it as a significant player in this competitive landscape.

Competitor Analysis

Key competitors include local building supply companies and national chains operating in Hawaiʻi. These competitors offer a range of products and services similar to HPM's, including lumber, hardware, and home improvement materials. HPM differentiates itself through its employee-owned structure, deep community ties, and commitment to innovation.

Strategic Collaborations and Partnerships

HPM has engaged in several strategic collaborations to enhance its market position:

Miyake Concrete Accessories, Inc.: In 2020, HPM merged with this Maui-based company, expanding its presence on the island and adding four building supply stores and a truss manufacturing plant to its operations.

Truss Systems Hawaii: In 2024, HPM acquired this leading building component manufacturer on Maui, creating the Truss Systems by HPM division to produce locally made trusses, wall panels, and custom sheds.

SCAFCO Steel Framing: HPM became the exclusive distributor for SCAFCO steel framing products in Hawaiʻi, expanding its product selection to include steel framing and commercial interior materials.

Operational Insights

HPM's strategic considerations include:

Geographic Expansion: By establishing locations across multiple islands, including a new store and drive-through lumberyard on Lānaʻi, HPM enhances accessibility for customers statewide.

Product Diversification: The introduction of new product lines, such as modular homes and commercial interior materials, allows HPM to cater to a broader customer base and meet evolving market demands.

Community Engagement: As a 100% employee-owned company, HPM fosters a culture of shared success and community involvement, strengthening its brand and customer loyalty.