HONOLULU – Servco has been selected as a 2023 US Best Managed Company for the fourth consecutive year. Sponsored by Deloitte* Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams. Servco was also recognized as a Gold Standard winner for maintaining its winning status for four years and is one of 27 companies to achieve this designation.
The 2023 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people and fostering a dynamic culture, as well as strong financials. Designees propelled their businesses forward and remained true to their purpose and values by investing in their people, creating advantage through digital transformation, taking measurable action on sustainability, and demonstrating their commitment to diversity, equity, and inclusion.
“We are extremely honored to receive the distinction as a US Best Managed Company Gold Standard winner,” said Mark Fukunaga, chairman & CEO of Servco Pacific. “This accomplishment is truly thanks to our dedicated Servco team members who embody our Core Values of Respect, Service, Teamwork, and Continuous Innovation every day.”
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance.
Servco joins a global Best Managed Companies community of over 1,400 organizations across 46 countries.
For more information on the program, visit www.usbestmanagedcompanies.com.
About the Best Managed Companies Program
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit www.usbestmanagedcompanies.com.
About Servco Pacific
Founded in 1919, Servco Pacific Inc. is Hawaii’s largest private company. Servco’s main businesses are in automotive distribution and retailing, and in musical instruments and e-learning. In the automotive area, it owns a diverse group of automotive businesses including exclusive distributorships of Toyota, Lexus, and Subaru in Hawaii; a network of over 30 retail dealerships in Australia and Hawaii, and Hui Car Share and other mobility initiatives. It is one of the Top 15 largest automotive dealer groups based in the U.S. and the largest Toyota dealer group in Australia. In musical instruments, it owns Fender Musical Instruments Corporation, the iconic global maker of Fender, Gretsch, Jackson, Squier and EVH guitars, basses and amplifiers and provider of music e-learning through its Fender Play app; and Presonus, a leader in music technology solutions for creators and players. Servco is also a major shareholder in Roland Corporation, the innovative manufacturer of electric keyboards, synthesizers, percussion and guitar amplifiers and sound effects. In addition to Servco’s operating businesses, it is an active investor in venture capital, particularly around mobility and music creation. The company has been recognized as a 2023 US Best Managed Company and one of the “Best Places to Work in Hawaii” for 19 consecutive years. For more information, visit www.servco.com.
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