[Congressional Record Volume 153, Number 37 (Monday, March 5, 2007)]
[Extensions of Remarks]
[Page E458]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[[Page E458]]
CONGRATULATING PEREZ BROS, INC. ON BEING NAMED THE 2007 SMALL BUSINESS 
 ADMINISTRATION JEFFREY BUTLAND FAMILY-OWNED BUSINESS OF THE YEAR FOR 
                                  GUAM

                                 ______
                                 

                       HON. MADELEINE Z. BORDALLO

                                of guam

                    in the house of representatives

                         Monday, March 5, 2007

  Ms. BORDALLO. Madam Speaker, I rise today to congratulate the Perez 
Bros, Inc. of Upper Tumon, Guam on being named the U.S. Small Business 
Administration 2007 Jeffrey Butland Family-Owned Business of the Year 
for Guam.
  Perez Bros, Inc. was founded by the late Frank D. Perez on September 
1951. Perez Bros began as a hardware store outside his mother-in-law's 
home on Guam. It was a conglomerate comprised of a construction 
company, manufacturer of concrete block products, a hardware store and 
related services. In 1960, Frank D. Perez incorporated his company and 
opened a 12,000 square foot store in Hagatna, Guam. Perez Bros, Inc. 
now manufactures, supplies and transports ready-mix concrete masonry 
blocks, pre-cast concrete, limestone aggregates, and related concrete 
accessories. One of only two concrete manufacturers on Guam, Perez 
Bros, Inc. is the only locally owned concrete producer based on the 
founder and owner's indigenous background.
  In the early 70's Perez Bros, Inc. started expanding, opening an 
asphalt and crusher plant. The company spent $1 million buying a fleet 
of dump trucks, mixers and paving equipment. Perez Bros, Inc. won bids 
for major projects on four island roadways. In 1973 Perez Bros, Inc. 
was hit hard by the oil crisis and eventually in 1982 Perez Bros, Inc. 
had to shut down their asphalt plant and hardware store. Guam's economy 
started an upswing when a tourism boom began in the latter part of the 
decade. Soon construction cranes putting up high-rise hotels were the 
dominant feature of the Tumon, Guam skyline. Perez Bros, Inc. was quick 
to take advantage of the boom. ``We own the land that we quarry, we own 
the crusher that processes the rocks, the dump trucks that bring it 
here and the mixers that deliver it to our customers. So we really 
don't have, with the exception of the asphalt plant, we don't have an 
ongoing battle with bureaucracy,'' said Tom, son of the late Frank D. 
Perez, in an interview for a business magazine. Perez Bros, Inc. 
revenues peaked in 1998 during the tourism boom and continues to peak 
with the impending military buildup starting in 2008. The military 
estimates $10 billion will be pumped into Guam in the form of military 
and related construction projects over the next eight years.
  Greg, Tom and John are three of the six sons born to the late Frank 
D. Perez. The brothers currently own and operate Perez Bros Inc. on 
Guam. Greg (the third eldest brother) serves as Vice President of 
Administration, Tom (the fifth eldest brother) is currently the 
President of Perez Bros, Inc and John (the youngest brother) have spent 
the last 20 years diversifying their business interests on Guam, 
creating hundreds of local jobs for Guam's workforce and strengthening 
Guam economy. Collectively, all three brothers were groomed by their 
father to pursue various disciplines relevant to continuity and growth 
of the family business. They continue to follow their father's vision 
and they hope to instill in their children the work ethic that their 
father instilled in them. This is important for the survival of the 
family business. The brothers realize that it is up to them to map out 
the company's next 50 years.

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