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T&T Tinting Specialists Announces New CEO

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Kyle Horimoto has been named CEO of Hawaii’s T&T Tinting Specialists. Former CEO and founder Tommy Silva remains connected to the company by consulting Horimoto and the management team as chairman of the Board of Directors. Silva started the company in 1982 as a one-person mobile tinting service focused on car windows.

Forty years later, T&T tints between 400 to 500 vehicles per month and has installed more than five million square feet of solar control, security film and glass graphics on Hawaii’s hotels, government and commercial buildings, homes and condominiums.

“Horimoto is the perfect man for the job,” Silva says. “He’s young, but has over 25 years’ experience in the company, has worked in almost every post in the organization, is smart, easy to work with, innovative, a great problem solver and carries the same firm but ohana-type management style that I have.”Horimoto’s time at T&T began at the age of 18 in 1997 in the automotive division. Starting at the front desk, answering phones and scheduling appointments, he moved up in the company and began T&T’s Glass Graphics Division which now designs and produces window and wall art in the U.S.

Prior to entering year 40, in October 2021, Silva transitioned 100% of the company’s total ownership to all company employees through a qualified retirement plan known as an Employee Stock Ownership Plan (ESOP). Silva has sold 100% of his stock to the ESOP trust fund, so the company is now 100% employee-owned.

Source: Window Film Magazine

 

Congratulations LLumar SelectPro Dealers of the Year

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Eastman Performance Films proudly recognizes T&T Tinting Specialists of Honolulu, HI as the 2021 LLumar® SelectPro™ National Dealer of the Year.

Congratulations to Tommy and Teri Silva, along with the entire T&T team, as National Dealer of the Year, along with regional recipients of this prestigious industry award. Elite LLumar SelectPro dealers from the United States and Canada annually receive recognition based on their growth by establishing the highest level of trust in the market while delivering exceptional customer experiences. This commitment to market innovation and demonstration of the LLumar SelectPro Program standards is what sets these dealers apart.

T&T Tinting Specialists, proudly serving Honolulu, Hawaii with their film installation expertise, has been honored with the National Dealer of the Year Award for 2021. Owners Tommy and Teri Silva, along with the entire T&T team, earned the right to call themselves the very best of the exceptional LLumar SelectPro dealer network.

T&T Tinting Specialists continue to impress by achieving significant year‑over‑year growth in a mature marketplace. And again, they raised the bar with increased automotive sales, expanding Valor PPF sales and adding numerous large-scale commercial projects. Their success comes from an exceptional buying experience and a team of over 35 skilled staff and installers. They are committed to delivering the highest quality installation and customer service—in a truly unique family atmosphere.

On the occasion of T&T's 40th anniversary, owners Tommy and Teri announced the company would begin an Employee Stock Ownership Plan (ESOP) providing their employees with an unprecedented opportunity for company ownership. "Tommy continues to carve a brand-new path for our industry by investing in his employee's and the company's future, while demonstrating extraordinary persistence and focus." stated Darrell Reed, Commercial Director, Eastman Performance Films.

Eastman Performance Films is proud to have worked hand in hand with T&T Tinting Specialists for over four decades. We sincerely look forward to continuing our valued association and wish the team many more successes as they begin this next exciting chapter.

2021 REGIONAL DEALER OF THE YEAR AWARDS

Northeast Regional Automotive Film Dealer of the Year
BlackGlass Window Tinting + More of Coopersburg, PA

Northeast Regional Architectural Film Dealer of the Year
Atlantic Sun Control of Manassas, VA

Southeast Regional Automotive Film Dealer of the Year
Distinctive Window Tinting of Naples, FL

Southeast Regional Architectural Film Dealer of the Year
SOLAR/TEK Window Tinting of Tampa, FL

Mid-West Regional Automotive Film Dealer of the Year
Glass Tint USA of Springfield, MO

Mid-West Regional Architectural Film Dealer of the Year
West Michigan Glass Coating of Grand Rapids, MI

South-Central Regional Automotive Film Dealer of the Year
Sunbusters Window Tinting of Austin, TX

South-Central Regional Architectural Film Dealer of the Year
Gary's Window Tinting of Houston, TX

Western Regional Automotive Film Dealer of the Year
Genesis Autoworks of Elk Grove, CA

Western Regional Architectural Film Dealer of the Year
Glassy Business Window Tinting of Las Vegas, NV

Canadian Automotive Film Dealer of the Year
Réflex Teinte of Quebec City, Quebec

Canadian Architectural Film Dealer of the Year
Spectra Light of Calgary, AB

THANK YOU FOR YOUR LOYALTY AND CONGRATULATIONS ON YOUR SUCCESS!

Owners of T&T Tinting Specialists Turning Company Over to Employees

Hawaii’s T&T Tinting Specialists, Inc. has completed a transaction to become 100% employee-owned through its newly-created Employee Stock Ownership Plan (ESOP). The company was founded in Honolulu in 1982 and provides the installation of window films, paint protection films (PPF) for vehicles, solar, security and graffiti protection films, and custom glass graphics for residential and commercial buildings in the state

Heading into its 40th year, T&T Tinting’s CEO Tommy Silva has transitioned 100% of the company’s total ownership to all company employees through a qualified retirement plan known as an ESOP. All eligible employees will be granted shares of company stock each year at no cost, allowing them to earn ownership over time and accumulate additional tax-deferred retirement wealth on top of their current 401k program.

“Each employee of T&T Tinting is a highly valued and trusted team member,” Silva says. “We want our employees to feel that they ‘own and operate’ their own business which fosters tremendous pride and aloha resulting from owning actual stakes in the company. We also want our employees to benefit far beyond their wages and 401k plan as they continue to help build and grow T&T Tinting. Together we strive to be more innovative, creative and responsive to our customers’ needs.”

Silva implemented this plan because he felt it was the most sustainable path forward for the employees of T&T while protecting the legacy he has built with them. The company is on WINDOW FILM magazine’s 2021 Top Dealer list and is expected to hit nearly $5 million in sales by year’s end.

“Legacy was a critical factor in selecting this ESOP transaction, but equally as important was ensuring that anything we did as owners would directly motivate and help the employees continue to succeed,” Silva adds.

T&T Tinting installs window films supplied by Eastman Performance Films. Darrell Reed, commercial director of Eastman Performance Films, applauded the move.

“On behalf of Eastman, we would like to congratulate Tommy, Teri and their team on 40 years of business excellence,” Reed says. “The success of the T&T is based on their relentless focus on providing an outstanding customer experience, disciplined business practices while still being able to cultivate a family culture with their employees. The decision by Tommy and Teri to move forward with an ESOP for their employees embodies the family culture they have created. We are very proud to be T&T’s supplier for the last 40 years and excited to continue working with the T&T team going forward as they continue the amazing legacy they all helped build.”

Investment banking firm Ambrose Advisors advised Silva with the transition.

“Tommy Silva’s goal was to secure a sustainable future for T&T Tinting Specialists in a manner that would be highly beneficial to its employees, customers, supplier partners, vendors, and the local community,” says Michael Harden of Ambrose Advisors.

T&T Tinting’s ownership shift comes during October, which is Employee Stock Ownership (ESOP) month. If your company is employee-owned, please contact ccollier@glass.com for potential story coverage.

 

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Owners of T&T Tinting Specialists Turning Company Over to Employees

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FOR IMMEDIATE RELEASE
October 11, 2021

Contact: Tommy Silva, CEO/President
Phone: (808) 695-4461
Email: tommy@tnttinting.com


Owners of T&T Tinting Specialists Turning Company Over to Employees

Through an Employee Stock Ownership Plan (ESOP)

After 39 years of significant expansion and growth, T&T Tinting Specialists begins its 40th year as an ESOP…

Honolulu, Hawaii: T&T Tinting Specialists, Inc. has completed a transaction to become 100% employee-owned through its newly created Employee Stock Ownership Plan (ESOP). The Company was founded in Honolulu in 1982 and is a national industry leader in the professional installation of window films, paint protection films for vehicles, and solar, security, graffiti protection films along with custom glass graphics for residential and commercial buildings in Hawaii.

Heading into its 40th year, T&T Tinting’s CEO Tommy Silva has transitioned 100% of the Company’s total ownership to all the employees of the Company through a qualified retirement plan known as an Employee Stock Ownership Plan (or ESOP). All eligible employees will be granted shares of Company stock each year, at no cost, allowing them to earn ownership over time through their continued service to the Company and accumulate additional tax-deferred retirement wealth on top of their current 401k program. T&T Tinting Specialists joins a group of elite 100% employee-owned companies across the United States of America.

Silva says, “Each employee of T&T Tinting is a highly valued and trusted team member. We want our employees to feel that they ‘own and operate’ their own business which fosters tremendous pride and aloha resulting from owning actual stakes in the Company. We also want our employees to benefit far beyond their wages and 401k plan as they continue to help build and grow T&T Tinting. Together we strive to be more innovative, creative and responsive to our customers’ needs.”

Silva implemented this plan because he felt it was the most sustainable path forward for the employees of T&T while protecting the legacy he has built with them. Silva said “Legacy was a critical factor in selecting this ESOP transaction, but equally as important was ensuring that anything we did as owners would directly motivate and help the employees continue to succeed.”

Michael Harden of Ambrose Advisors, an investment banking firm that advised Silva with the ESOP transition stated “Tommy Silva’s goal was to secure a sustainable future for T&T Tinting Specialists in a manner that would be highly beneficial to its employees, customers, supplier partners, vendors, and the local community”.

T&T Tinting installs window films supplied by Eastman Performance Films. A quote from Darrell Reed, Commercial Director of Eastman Performance Films; "On behalf of Eastman, we would like to congratulate Tommy, Teri and their team on 40 years of business excellence. The success of the T&T is based on their relentless focus on providing an outstanding customer experience, disciplined business practices while still being able to cultivate a family culture with their employees. The decision by Tommy and Teri to move forward with an ESOP for their employees embodies the family culture they have created. We are very proud to be T&T’s supplier for the last 40 years and excited to continue working with the T&T team going forward as they continue the amazing legacy they all helped build."

T&T Tinting Specialists has twice been named Llumar/Select Pro National Dealer of the Year, Window Film Magazine’s #1 Tinting Company in the U.S.A as well as annual recognition for excellence by Hawaii Business Magazine, The Honolulu Star Advertiser. KITV4 and Pacific Business News.

For more information about T&T Tinting Specialists, visit http://www.TNTTinting.com.

About: T&T Tinting provides the latest window film technology for vehicle, residential and commercial applications. http://www.tnttinting.com

About: Ambrose Advisors is a national middle-market investment bank and financial advisory firm focused on guiding and assisting business owners with ownership succession planning, primarily through employee ownership. http://www.AmbroseAdvisors.com

About: Sullivan Meheula Lee acted as legal counsel in connection with the ESOP transaction. Sullivan Meheula Lee is a Hawaii based law firm specialized in commercial, business and real estate transactions and litigation. http://www.smlhawaii.com




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