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THE BOOK OF LISTS 2020 Flipbook PDF

The Book of Lists 2020 is an annual business directory published by Latin Media House, LLC, from Guaynabo, Puerto Rico.


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BOOK OF LISTS

2020

$21.98

Puerto Rico’s Business World in Numbers

CONTENTS MARKET FACTS INDEX .............................. 9

CONSTRUCTION & REAL ESTATE.......... 79

Market Facts ....................................................... 10 How to Open a Business in PR ................................ 14 Trade Associations ............................................... 27

Industry Snapshot ................................................ 80 Shopping Center Management Companies ................ 81 Engineering Firms ................................................ 82 Architectural Services Firms ................................... 84 Construction Companies ....................................... 86 Construction Equipment Companies ......................... 88 Construction Management Companies ...................... 90 Construction Materials Suppliers ............................. 91 Electrical &/or Mechanical Contractors ...................... 92 Electrical Materials Suppliers .................................. 94 Structural Steel Erectors & Fabricators ...................... 96 Commercial Real Estate Companies.......................... 98 Residential Real Estate Companies ......................... 100 Office Building in San Juan Metro Area .................... 102 Office Building Management ................................ 104

TOP 10 COMPANIES ................................ 29 TOP 200 .................................................... 37 Top 10 Executive Women ....................................... 52 Oldest Companies ................................................ 52 Family-Owned Companies ..................................... 53 Fastest Growing Locally-Owned Companies .............. 54 Top Employers ..................................................... 55

BANKING & FINANCE................................57 Industry Snapshot ................................................ 58 Credit Unions ...................................................... 59 Commercial Banks ............................................... 61 Financial Investment Companies .............................. 62 Auto Financing Companies ..................................... 64 International Banking Entities ................................. 64 Mortgage Companies ........................................... 65 Public Companies ................................................ 65 Securities Brokerage Firms..................................... 66 Personal Finance Companies .................................. 66

COMMUNICATIONS & MEDIA ................ 67 Industry Snapshot ................................................ 68 AM Radio Networks .............................................. 69 FM Radio Networks .............................................. 69 TV Networks ....................................................... 69 Telecommunications Companies .............................. 70 Newspapers-Daily ............................................... 72 Newspapers-Weekly ............................................ 72

COMPUTERS & TECHNOLOGY ...............77 Industry Snapshot ................................................ 78 Information Systems Consultants ............................. 75 Systems Integration Firms ...................................... 76 Printer & Scanner Distributors ................................. 78

EDUCATION ............................................. 105 Industry Snapshot .............................................. Private Schools .................................................. Universities ...................................................... Technical Institutes .............................................

106 107 112 116

GREEN INDUSTRY ...................................117 Industry Snapshot .............................................. Renewable Energy Products & Services Companies ... Environmental Firms ........................................... Recycling Companies .......................................... Landscaping Services Companies .......................... Waste Disposal Firms .........................................

118 119 120 121 122 123

HEALTH & INSURANCE .......................... 125 Industry Snapshot .............................................. Private Hospitals ................................................ Clinical Laboratories ........................................... Cannabis Dispensaries ........................................ Health Insurance Companies ................................ Insurance Brokers, Agents & MAGs ........................ Life Insurance Companies .................................... Property & Casualty Insurance Companies ...............

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126 127 133 136 138 140 144 145

3

CONTENTS MANUFACTURING .................................. 147

TOURISM & LEISURE .............................. 193

Industry Snapshot .............................................. Pharmaceutical Manufacturers .............................. Agribusiness Companies .................................... Beverage Products Manufacturers ......................... Food Products Manufacturers ............................... Packaging Components Companies ....................... Plastics Manufacturers ........................................ Surgical & Medical Devices Manufacturers ............... Electrical Equipment & Components Manufacturers ... Window & Door Manufacturers .............................

Industry Snapshot .............................................. Auto Rental Companies ....................................... Hotels ............................................................. Convention & Meeting Facilities ............................ Paradores ........................................................ Marinas ...........................................................

148 150 152 152 153 154 155 156 158 159

RETAIL ....................................................... 161 Industry Snapshot .............................................. Auto Dealers ..................................................... Office Supplies & Equipment Stores ....................... Pharmacies ...................................................... Restaurant Franchise Operators ............................ Supermarkets and Cash & Carries .......................... Shopping Centers ..............................................

162 163 163 164 165 165 166

SERVICES .................................................. 167 Industry Snapshot .............................................. 168 Accounting Firms ............................................... 169 Collection Service Agencies .................................. 174 Law Firms......................................................... 175 Management Consulting Firms .............................. 178 Temporary Employment Companies ........................ 180 Executive Search Companies ................................ 181 Advertising Agencies .......................................... 184 Telemarketing & Contact Centers ........................... 186 Outdoor-Advertising Companies ........................... 186 Market Research ............................................... 187 Public Relations Firms ......................................... 188 Office Design Stores ........................................... 189 Commercial Printers ........................................... 189 Security Guard Companies ................................... 190 Security Systems & Services Companies .................. 190 Validation & Regulatory Compliance Services Companies 191

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194 195 196 198 200 201

TRANSPORTATION .................................203 Industry Snapshot .............................................. Moving Companies ............................................. Trucking Companies ........................................... Freight Consolidators ......................................... Ocean Cargo Carriers ......................................... Cargo Shipping Agents ....................................... Customs Brokers ............................................... Warehousing & Storage Companies .......................

204 205 205 206 206 208 209 212

WHOLESALE ............................................ 215 Industry Snapshot .............................................. Auto Wholesalers ............................................... Petroleum Products Wholesalers ........................... Air-Conditioner Distributors ................................ Beverage Products Distributors ............................. Food Products Distributors .................................. Electric Generators Distributors ............................ Food Service Distributors ..................................... Chemical Distributors .........................................

216 217 217 218 220 221 222 224 224

COMPANY INDEX ................................... 225

CELEBRATING 5 YEARS OF SOLIDARITY WITH PUERTO RICO

EDITOR’S 2020 Publisher Miguel A. Ferrer

Editor in Chief Heiko Faass

Executive Editor Philipe Schoene Roura

Head Special Projects Yanira Hernández

EDITORIAL Special Projects Manager Eylin Fortin Suárez Researchers José Alvarado Vega, Cristina Hernández Díaz, Diamilet Martínez Investigative Reporter José Alvarado Vega Photojournalist Jaime Rivera SALES DEPARTMENT Chief Operation Officer Max Carranza Sales & Marketing Manager Liza Raevis Senior Account Executive Jackeline Matos Account Executives Lizzette López, Elena Díaz, Glenda Fuentes 787.728.3000 Email: [email protected] PRODUCTION DEPARTMENT Manager Blanca Santiago Prepress Manager Carlos Laboy Senior Graphic Artist Dennis J. Chaparro Cover Artwork Sebastián Romero

Chairman Miguel A. Ferrer

CEO Heiko Faass

Circulation Department: 787.728.7670 Fax: 787.268.1001 Customer Service/Subscriptions Email: [email protected] It is the policy of Latin Media House, LLC to promptly correct and clarify any error or misleading information that may appear in its publications. To correct any error or request clarification, call 787.728.3000 or send email to [email protected]. Latin Media House, LLC doesn’t assume any liability for the products and/ or services advertised in its publications. Copyright© 2020 by Latin Media House, LLC. Registered in the U.S. Patent & Trademark Office (ISBN 978-0-945579-67-0). No part of this publication may be reproduced, stored in any retrieval system or transmitted in any form or by means of electronic, mechanical photocopying, recording or otherwise, without prior written permission of the publisher, Latin Media House, LLC. ALL RIGHTS RESERVED.

LETTER

A

Dutch proverb says that although the wind cannot be stopped, one must know how to build windmills. And in Puerto Rico, we have had to learn to build mills to take advantage of the winds that have hit us in the past several years. That conviction is what inspired the Book of Lists that we have put in your hands this year.

Over the past 32 years, this compendium has been expanded to provide more and more verified, timely and useful information regarding the Puerto Rican economy and the growth of its companies. This is an unusual year. Compiling information for this publication has been a challenge. However, our readers will find that our team did an extraordinary job to include the most recent and available statistical data for most sectors, despite delays in government statistics reporting as a result of personnel reductions due to the Covid-19 pandemic. You will notice that the 2020 Book of Lists is published in a new, easy-touse format but with the same relevant and precise information that our readers expect. In this edition we provide a comprehensive roadmap with essential information that an entrepreneur needs to know to open a business on the island. In this task we recognize the team work led by Antonio Duarte-Pino, a former deputy secretary of the Puerto Rico Economic Development and Commerce Department, who explains in a detailed and precise manner the process necessary to become an entrepreneur in Puerto Rico. We also want to thank the contributions of the former director of the Puerto Rico Industrial Development Co., Antonio Medina, and renowned economist Heidi Calero. This new edition also presents a snapshot of each economic sector that contextualizes the statistical and economic reality in which the companies that appear on the lists operate. I appreciate the work of the Caribbean Business and Book of Lists teams, led by Special Projects Manager Eylin Fortín Suárez, investigative journalist José Alvarado Vega and researcher Cristina Hernández; as well as the design work of senior and lead graphic artists Dennis J. Chaparro and Sebastián Romero, respectively; editing by Eduardo San Miguel Tió and Philipe Schoene; and the logistical support of production and prepress managers Blanca Santiago and Carlos Laboy, respectively. Last but not least, thanks to our sales team led by Liza Raevis, because without this team effort this publication would not have been possible. We hope you enjoy this edition and I invite you to build windmills together. Yanira Hernández Cabiya Managing Editor

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7

ADVERTISER’SINDEX A-E

F-O

COMPANY

PAGE(S)

Academia del Perpetuo Socorro

115

AIG Insurance Company, PR

145

AIT Worldwide Logistics

39

AKM Industries

158, 223

Allied Car Rental

195

AMGEN

149

AON

139

AT&T

71

Atlantic University College Ballester Hermanos

51

Falcon Sanchez & Associates, PSC

P-Z PAGE(S) 172

169

Power Sport/Power Solar

Fuller Group

36B

PR SBTDC

85

Professional Communications, Inc. (P.C.I.)

40

Property Concepts (Cushman & Wakefield)

98

95

IFCO Recycling

121

IKON Group

139

Informasi Technology Solutions

75

RSM Puerto Rico

173

Saint John’s School

109

JLL P.R. Realty

99

Jose G. Flores, Inc.

211

Kelly Services

181

Kevane Grant Thornton

8A

KW Puerto Rico

101

Laboratorio Clinico Toledo

132

Laboratorios Borinquen

133

Manpower Group

183

Marsh Saldana

143

108

ConWaste

123

COOPACA

59

Martel System Integrators, Inc.

77

Cooperativa San Rafael

60

Martin Brower

39

CRB Caribe LLP

83

MCS

Crowe PR PSC

171

Mech-Tech College

116

CSCG, Inc.

146

Medtronic

157

87

Metro Pavia

Custom Group Danosa

3

223 173

98

Commonwealth Parkville School (CPS)

Rimco

109

Christiansen Commercial Real Estate

85

38

Rodriguez, Rivera & Toro PSC

176

111

210

Renova Solutions Robinson School

Jimenez, Graffam & Lausell

Colegio Católico Notre Dame

Rene Ortiz Villafane, Inc.

170

50

CMA Architects & Engineers Llc

218

36A

Chess Advertising

61

89

Refricentro

Javier Aponte Betancourt, CPA (JAB & CO LLC)

213

192

Puerto Rico Wire Group

Interboro Systems Corp.

Cesar Castillo LLC

Club Seabourne

127

159

Graybar International

CITI

51

Prime Janitorial

Glasstra

177

8B

119

FPV & Galindez LLC

Cancio, Nadal & Rivera, LLC

CIC Construction Corp.

114

138

89

53

130

First Medical Health Plan

179

Cervecera de PR

Pharmpix Ponce Health Sciences University (PHSU)

Gonzalez Trading (GT)

81, 103

110

128

Gonzalez Torres & Co. CPA, PSC

CCM Puerto Rico

Palmas Academy

First Healthcare (FHC)

182

39

138

177

Business Professional Hirers (BPH)

Casillas Santiago Torres (CST Law)

151

PALIC Puerto Rico IFC

GDT LLC Arquitectos-Ingenieros

PAGE(S)

Paciv

First Bank

186

6

COMPANY

Ferraiouli LLC

bMedia Group

Caribe Tecno CRL

8

112

COMPANY

124A

124B

Sherwin Williams

91

Sidif

39

SJT Manufacturing Software One Sonnell Truck Center

146 77 202

Steel & Pipes, Inc.

96

Steel Services & Supplies

97

Tactical

185

Techno Plastics

155

The Tasis School

107

Trailer Bridge

BC

Unique Properties

101

Universal Group

2

Universidad Ana G. Mendez

113 191

Molinos De Puerto Rico

153

Validation & Engineering Group

104

Veolia

122

Vidal & Rodriguez Insurance Broker

141

De Varona Insurance

142

Munoz Holdings, Inc. (MB)

DHL

213

National Shipping

207

Dorado Health/Manati Medical

129

Nestor Reyes Inc. (NCR)

209

Doubletree

197

NUC University

113

EDP University

114

Oldach

219

Escalate Sciences & Research

151

Olympic Agency Insurance

143

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VWR (Avantor)

4

Walmart

1

Yaras Corp (Valero Inc)

40

MARKET FACTS

Market Facts......................................................................... 10 How to Open a Business in Puerto Rico ..................... 14 Trade Associations ............................................................. 27

T h e 2 0 2 0 Book of L i s t s |

9

MARKETFACTS Official Name: Estado Libre Asociado de Puerto Rico (Commonwealth of Puerto Rico) Political Status: U.S. Unincorporated Territory Since 1898 Government: Democratic System Based on General Elections Every Four Years Language: Spanish and English Governor: Wanda Vázquez Garced (Sworn-In Aug. 7, 2019) Total Area: 3,435 Square Miles (8,896.61 Square Kilometers) Capital: San Juan  Currency: U.S. Dollar Geographic Coordinates: 18°15›N, 66°30›W Average Temperature: 82º F (27º C) Low Average: 78º F (25.6 C) Jan.-Mar. High Average: 88º F (31.1 C) Jul.-Sept. Coastline: 311.31 Miles (501 Kilometers)

M A R K E T FAC TS

MARITIME CLAIMS: Exclusive Economic Zone: 200 Nautical Miles Territorial Sea: 12 Nautical Miles

ELEVATION: Lowest Point: Caribbean Sea, 0 Feet (0 Meters) Highest Point: Cerro de Punta, 4,389.76 Feet (1,338 Meters)

Vital Statistics Population: 3,193,694 (Male: 47.5% / Female 52.5%)  Population Per Sq. Mile: 929.8 Distribution of Population by Age:  20.8% - Younger than 19 / 57.8% - Age 20-64 / 21.3% - 65 and older  Median Household Income: $20,474 Per Capita Income: $13,345 Median Earnings for Workers: $17,101 People Under the Poverty Level: 43.5% People With Health Insurance Coverage: 92.2% Median Housing Value: $110,300 Total Household Units: 1,170,982 Average Household Size: 2.7 people Life Expectancy*: 80.7 Years (Men: 76.5 Years / Women: 84.9 Years)  Sources: One-Year Estimates (2019) U.S. Census Bureau, American Community Survey / *Puerto Rico Health Department Preliminary Data for 2018

PUERTO RICO POPULATION DISTRIBUTION Top 10 City-Municipalities

10

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M A R K E T FAC TS

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