Business View Caribbean - February 2026

THOMPSON QUALITY HOMES FEB 2026 VOL 13 BUSINESS VIEW CARIBBEAN ALSO IN THIS ISSUE CAPITAL SIGNAL COMPANY QUALITY THAT STANDS OUT KEL “CAL” THOMPSON, DEVELOPERR AND CEO

WWW.BUSINESSVIEWMAGAZINE.COM Email for all inquiries: info@businessviewmagazine.com 2422 Palm Ridge Road, Suite 820 Sanibel FL, 33957 239.220.5554 CONTACT US TITLE SPONSORS GREAT NEWS! Business View Publishing was named to the 2020 Inc. 5000 list of America’s Fastest-Growing Private Companies! Read the press release Editor in Chief Karen Surca Research Directors Varakunan Somas Contributing Writers Dan Macharia Vice President of Production Jared Ali Director of Marketing Nora Saliken Director of Administration Michelle Siewah Digital Strategist Jon Bartlow Art Director Renée Yearwood Managing Director Alexander Wynne-Jones COO Matthew Mitchell Executive Publisher / CEO Marcus VandenBrink 1 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

EDITOR’S NOTES Businesses across the Caribbean islands continue to outshine the region’s already sunny skies. With projects that continue to impress, agendas that set the course for the remainder of 2026 and beyond, the business climate remains favorable, and the organizations we profiled for our February issue reflect island business growth. Business View Caribbean continues to keep pace with island business success stories, bringing you detailed features on some of the region’s business sector leaders. We had the opportunity to sit down with Capital Signal Company to highlight some of its best business practices and projected dynamic growth. Investing back in the company and focusing on its client base has propelled this company into a very enviable position. For our February issue, Business View Caribbean also sat down with Thompson Quality Homes. A leader in the housing construction and design sector, this thriving builder continues to bring a sharp design vision and remains committed to its clients. As with every issue, my hope as editor-in-chief is that our valued readers continue to learn something new about the business picture across the stunning Islands with each issue we produce for you. Karen Surca Editor in Chief Dear Readers, 2 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

VOLUME 13, ISSUE 02 COVER THOMPSON QUALITY HOMES 2 EDITOR’S NOTES 7 OPENING LINES BEST PRACTICES IN CONSTRUCTION THOMPSON QUALITY HOMES 17 17 THOMPSON QUALITY HOMES Quality that Stands Out 3 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

BEST PRACTICES IN SUPPLY CHAIN AND LOGISTICS The articles in this publication are for information purposes only. Business View Publishing assumes no liability or responsibility for any inaccurate, delayed, or incomplete information, nor for any actions taken in reliance thereon. The information contained about each individual or organization has been provided by such individual or organization without verification by us. The opinion expressed in each article is that of its author and does not necessarily reflect the opinion of Business View Publishing. CAPITAL SIGNAL COMPANY 29 29 CAPITAL SIGNAL COMPANY Signaling a Great Future 4 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

Business View Caribbean provides media coverage for organizations operating within select industries. Our publication satisfies the need for industry-specific information and intel on key businesses across the Caribbean! Get BVC delivered straight to your inbox. Get updates on the latest business news. 100% FREE to subscribe! We respect your privacy, now & always. Click below to sign up for a FREE SUBSCRIPTION to Business View Caribbean and get each new issue sent directly to your inbox! SUBSCRIBE STAY INFORMED WITH CORE BUSINESSES FROM THE CARIBBEAN

BOJ HIGHLIGHTS FINANCIAL STABILITY AS KEY SUPPORT FOR INFLATION CONTROL Source: caribbeannewsglobal.com, Editor, First Published February 23rd, 2026 The Bank of Jamaica (BOJ) has emphasised that while its central mandate remains inflation control through prudent monetary policy, this objective is reinforced by the strength and stability of the country’s financial system, says senior deputy governor, Dr Wayne Robinson, addressing the Jamaica Stock Exchange (JSE) Regional Investments and Capital Markets Conference, held recently in Kingston. “Vulnerabilities or weaknesses in the financial system constrain the degree of freedom that monetary policy has and limits its effectiveness. If you have a banking system whose credit portfolio is under stress, the Central Bank may want to tighten and raise interest rates. But commercial banks will not follow us, because they will be concerned about the quality of their loan books,” he explained. Dr Robinson noted that the BOJ works to ensure the financial system remains resilient and capable of Opening Lines 7 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

financial system is sound and, through regulators working in partnership with financial institutions, has established sufficient capital buffers to ensure entities remain solvent and maintain cash to meet both current and future depositor needs. “The capital adequacy ratio in the banking sector is about 14 percent to 15 percent, well above the benchmark. In the securities dealers’ sector, it’s around 22 percent… again, significantly above the benchmark,” Dr Robinson pointed out. He acknowledged that during periods of high inflation when the BOJ tightened monetary policy by raising its policy interest rate, some financial institutions recorded fair value losses but managed them effectively. Dr Robinson told conference participants that consistent fiscal policy by the Government also supports the Central Bank’s efforts to control inflation within the target range of four to six percent. He noted that successive political administrations have, for many years, pursued disciplined fiscal policies – covering public income, expenditure, and debt management – that reinforce economic stability. Meanwhile, Dr Robinson described the global changes underway as seismic shifts evident in trade, capital flows, the international financial architecture, and even in population structures and migration patterns. These changes, he pointed out, are compounded by repeated shocks experienced by Jamaica and other Caribbean countries. Such shocks include frequent natural disasters, such as hurricanes and earthquakes, as well as global health emergencies like the COVID-19 pandemic. Dr Robinson asserted that, given the rapid pace of global change, central banks are now less certain in projecting future trends. “The crystal ball is just murky. So we have to move beyond the idea that there is a central tendency and that we really know the future. Instead, we have to be thinking about a range of possibilities, and outcomes and probabilities associated with those. We have to move away from traditional forecasting, to start thinking about scenarios and scenario planning and what our contingencies are,” he stated. absorbing economic fluctuations, including the shock caused by hurricane Melissa. “That’s why we do constant stress testing of balance sheets of individual institutions and of the system as a whole. [This applies] not only to banks but we have to do it for securities dealers and insurance companies, as well, to get a sense of their ability to absorb shocks. That is why it is important that we continue to build sufficient buffers in the financial system,” the senior deputy governor noted. He assured that Jamaica’s 8 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

Source: caribbeannewsglobal.com, Editor, First Published February 22nd, 2026 To be hosted in Guyana, the Centre of Excellence will serve as an operational hub to drive biodiversity research and scale conservation best practices in line with the Kunming-Montreal Global Biodiversity Framework (GBF). Plans include deploying AI and digital technologies to map, monitor and report progress, advancing Indigenous knowledge sharing as well as developing innovative bioeconomic models such as carbon and biodiversity credits. The Commonwealth and Guyana have a historic THE COMMONWEALTH AND GUYANA TO LAUNCH BIODIVERSITY CENTRE OF EXCELLENCE partnership in biodiversity dating back to 1989, when then-President Desmond Hoyte shared at the Commonwealth Heads of Government Meeting in Malaysia that Guyana, together with the Commonwealth, would study the utilisation of forests to find sustainable solutions for future generations. The Commonwealth Secretary-General, the Hon. Shirley Botchwey, said: “We have walked this journey with Guyana since 1989, when the Iwokrama Forest was gifted to the Commonwealth. Today, we are rooting the entire Commonwealth in that wisdom. By establishing 9 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 OPENING LINES

this Centre of Excellence, we are providing our 56 member states with the data and tools they need to turn nature into an engine of sustainable growth, ensuring that our natural wealth supports our people for generations to come.” A ‘HUB AND SPOKES’ MODEL Building on Guyana’s leadership of the Global Biodiversity Alliance launched in July 2025, the centre will operate on a ‘hub and spokes’ model. Practically, this means that Guyana will serve as the central node, connecting regional partners to create a multilateral partnership that links global science with local action. The Commonwealth’s Living Lands Charter and its Blue Charter working and action groups are leading initiatives for biodiversity conservation. The Secretariat has also led on establishing highly influential and effective Centres of Excellence within the Commonwealth, such as the Climate Finance Access Hub in Mauritius and the Blue Charter Centre of Excellence in Cyprus. SAFEGUARDING PEOPLE AND PLANET The centre will be a global engine for policy and market-driven solutions to provide a return for countries bestowed with these invaluable nature assets. One million species are currently at risk of extinction, and the decline of ecosystems threatens the food security, fresh water, human health, culture and economic resilience of billions of people. The Centre of Excellence intends to reverse that trend, securing the livelihoods of communities across the Commonwealth who depend on healthy lands and oceans for their survival. The centre will draw lessons from how Amerindian communities co-manage the Iwokrama Forest.They have achieved remarkable results, yielding inclusive conservation, sustainable development and true partnership over the past 30 years, working together for sustainable tourism and sustainable forestry to ensure the forest’s continued biodiversity, and community development. GOVERNANCE AND STRATEGY To ensure rigorous oversight, the centre will be governed by a joint steering committee between the Commonwealth Secretariat and Guyana. The centre will prioritise inclusivity, with dedicated engagement mechanisms for youth, women, academia and the private sector. 10 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

Source: caribbeannewsglobal.com, Editor, First Published February 22nd, 2026 As Minister of Finance, Ryan Straughn, gets down to serious work to ensure that the Barbados economy stays afloat, one of the key priorities during his tenure is to educate Barbadians about investing in capital markets. Minister Straughn shared his plans during a recent interview with the Barbados Government Information Service, as he outlined his focus for the ministry. He said working with Prime Minister Mia Amor Mottley over the last seven and half years had allowed him to demonstrate confidence and leadership in the role and prepared him for this moment. “Assuming the full responsibility for the Ministry now is a natural progression of that success. I have already indicated to the permanent secretary and staff that a number of outstanding things will now be advanced to ensure that the Ministry of Finance really is fit for purpose for the 21st Century,” Straughn underlined. The minister indicated that the public could expect to hear more from the ministry as he plans to communicate further about the government’s policies and the genuine investment opportunities that are available, to help people stay away from “get-rich-quick schemes”. “As it stands at the moment, only commercial banks and large insurance companies…get the opportunity to participate. And my mission, certainly as the minister of finance now, is to ensure that every Bajan, no matter how much money you have, that you equally would have the opportunity to benefit, just as the large institutional investors do, in relation to helping shape public policy and obviously getting MINISTER STRAUGHN TO BUILD ON BARBADOS’ ECONOMIC GAINS O VISIT a decent rate of return on any savings that you would have,” he stated. Further, the finance minister said with the launch of the BIMPay Platform, it would help Barbadians to participate by allowing them to put in small amounts of money and watch it grow over time. He added that public servants will be re-educated to, among other things, understand how government is financed, as this would help to create trust in investing in 11 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 OPENING LINES

financial instruments, such as BOSS Bonds and other government paper. Minister Straughn acknowledged that he was now in a better position to understand how to improve the lives of Barbadians, having “gone through the worst seven years, I think, of a nation’s history, with a possible exception of the two past World Wars”. “Having come out of the other side of the last seven years, COVID, … the ash fall and a whole set of things, I think that we’re in a better position now to be able to really put this engine, we call Barbados, into fifth and sixth gear and really get moving,” he assured. 12 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

Source: caribbeannewsglobal.com, Editor, First Published February 23rd, 2026 IDB Invest signed a financing agreement of up to US$10 million with Hadco Holdings Limited and its largest operating company, Hadco Limited, to support the trade of goods—including food products— and enhance food security in Trinidad and Tobago and across the Caribbean. This investment will enable Hadco to grow its operations in retail and distribution and implement a sustainability strategy. The project aims to strengthen supply chain resilience and advance regional trade integration across the Caribbean. The financing will provide Hadco with trade finance solutions to support strategic investments, enabling Hadco Holdings to maintain competitiveness, expand its retail and distribution footprint, and implement operational efficiency improvements. The financing package from IDB Invest includes a US$5 million committed trade finance facility, along with an additional US$5 million uncommitted facility that may be used for trade finance transactions or strategic capital expenditures. IDB Invest will provide technical advisory services to Hadco to support the development of a comprehensive sustainability strategy. This will include biodiversity and conservation studies—particularly focused on local bird species relevant to its ecotourism business—as well as the strengthening of the company’s environmental and social management system. IDB INVEST FINANCES HADCO TO STRENGTHEN REGIONAL TRADE INTEGRATION AND FOOD SECURITY IN TRINIDAD AND TOBAGO 13 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 OPENING LINES

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THOMPSON QUALITY HOMES QUALITY THAT STANDS OUT best practices IN CONSTRUCTION 15 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

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THOMPSON QUALITY HOMES QUALITY THAT AT A GLANCE THOMPSON QUALITY HOMES WHAT: A builder that focuses on sustainability, client relations, and building homes that are second to none WHERE: C ayman Islands, Caribbean WHERE: www.tqh.ky BUILDING FOR THE “MIDDLE MARKET” IN GRAND RELATIONSHIPS, AND PRACTICAL EFFICIENCY 17 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

T STANDS OUT In residential development, the strongest brands are often built not on extremes, but on clarity—knowing exactly who you serve, how you deliver, and why your model works. For Thompson Quality Homes, that clarity shows up in a consistent approach to product, pricing, and process: well-designed residences aimed at the heart of the Grand Cayman market, delivered through repeatable plans that can be customized— but not at the expense of efficiency, schedule, or affordability. Owner and CEO Kel Thompson describes the company’s niche as serving “the masses,” positioned intentionally between the lowest-cost builds and the ultra-high-end segment. The typical buyer D CAYMAN WITH REPEATABLE DESIGN, STRONG 18 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

profile is broad and practical: young professionals, move-up buyers, and buyers transitioning from apartments into ownership—customers who want quality and value, and who benefit from a builder that has refined a repeatable model over decades. “We’re not the absolute lowest cost, and not necessarily the highest end,” Thompson explains. “We try to focus our market on where there are quite a lot of people purchasing, and we tend to do customized cookie-cutter homes.” A VERTICALLY INTEGRATED MODEL BUILT AROUND CONTROL Thompson Quality Homes operates across the full lifecycle of a development.Thompson describes the business as an integrated company that conceives, designs, builds, markets, and sells its projects—and in many cases continues to provide some level of management after completion. That vertical integration isn’t just a business structure; it’s a risk-management strategy in a market where planning approvals are bureaucratic, timelines can be affected by process delays, and efficiency is tied closely to controlling the moving pieces. Thompson has been active in construction and development since he was young, with family roots in the industry. While he doesn’t recall the exact year the “Thompson Quality Homes” brand was formally adopted, he notes that he began developing homes in 1987, and over his career estimates he has delivered somewhere between 250 and 400 homes across Grand Cayman. “CUSTOMIZED COOKIE-CUTTER HOMES”: WHY STANDARDIZED PLANS WIN At the core of Thompson’s approach is a set of established floor plans—refined over time and reused with slight modifications. The model is designed to provide customers with a strong product at a reasonable price, while allowing the company to build efficiently and consistently. What’s notable is that Thompson doesn’t frame repeatable plans as rigidity. He frames them as a way to protect outcomes. Designs evolve as lifestyles change. Features that mattered decades ago—such as dedicated points for TV dishes or extensive hardwired cable infrastructure—have largely given way to Wi-Fidriven living. Interiors have shifted too, with open concepts and kitchen islands displacing older room configurations and furniture-centered layouts. The “base plans” remain, but the details evolve as buyer expectations evolve. Customization is possible, particularly when a buyer purchases pre-construction. However, Thompson is careful about how far that flexibility goes—because in his experience, frequent plan changes introduce cascading impacts across engineering, electrical, plumbing, and permitting. 19 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 THOMPSON QUALITY HOMES

“The average client doesn’t understand that when you make one change, it affects lots of other plans,” he says.“And it delays the project very significantly.” In Grand Cayman specifically, changes that impact structural layouts, electrical, or plumbing often trigger the need for revised planning permissions—a process that can meaningfully slow down delivery. For that reason, customization tends to be limited to selections that don’t alter core systems, such as cabinetry or bathroom finishes, unless the project is structured from the beginning as a truly custom build. Thompson notes that he generally avoids full custom homes because they are often less efficiently planned and executed, making it difficult to deliver the “good product at a good price” that defines the company’s market position. RELATIONSHIPS THAT MAKE THE MODEL WORK Like many island-based construction environments, the supplier ecosystem is tight. Thompson points out that there are only a few local suppliers, and relationships are personal. Most business flows through real estate agents, which Thompson views as a practical advantage. While the company maintains a website and advertising presence, he believes buyers ultimately 20 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

get the clearest picture of a development through an agent who can interpret value, answer questions, and help set accurate expectations. Once a buyer becomes a customer,Thompson Quality Homes makes a point of staying in touch, maintaining the relationship beyond the transaction. Supplier and subcontractor relationships are similarly rooted in familiarity and long-term trust.Thompson identifies his largest supplier as A. L.Thompson’s and describes the relationship as direct and responsive. He also notes strong working relationships with Kirk’s (a local hardware supplier) and Paramount (a key source for tile and related finishes). Long-standing electrical support is also provided through Crawford Electrical, a relationship Thompson describes candidly and realistically—like many longterm partnerships in construction, it has its moments, but it endures because delivery matters. The philosophy,Thompson says, is simple: if partners take care of the company, the company takes care of them. PROJECT HIGHLIGHTS ACROSS GRAND CAYMAN Over the years, Thompson Quality Homes has delivered a range of housing and condominium developments, including several standout projects that reflect both scale and complexity. Thompson identifies Wyndham Reef and Castaways Cove in East End as the largest development he has delivered, totaling 83 condos, with the final phase completed around 2006. Another major project is South Shore in Spotts— approximately 47 apartments, built on stilts along the south coast, just a few miles from town. More recently, the company brought 26 apartments online in West Bay, completing and finishing a project called Mizpah within an existing development that the company did not originally start. 21 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 THOMPSON QUALITY HOMES

Island Waste Carriers (IWC) provides comprehensive residential, commercial, and construction waste solutions across Grand Cayman. Our Residential Services include reliable Garbage Pickup and convenient Recycling Service through our sister company Island Recycling to help households reduce landfill waste and support a cleaner environment. We also offer Bulk Pickup for oversized items, flexible Dumpster Rentals and professional Bin Cleaning to keep neighborhoods safe and sanitary. Our Commercial Services are tailored to businesses of every size. From full-service Waste Management with customized collection schedules to Roll Off Dumpster Rental for large projects, IWC delivers efficient, cost-effective solutions. We also rent and service Compactors to reduce waste volume and collection frequency, along with Commercial Recycling and Food Waste Recycling programs that help companies meet sustainability goals. For job sites and developments, our Construction Services ensure responsible debris management. Services include Grab Truck hauling, Construction Dumpster Rental in multiple sizes, and Construction Recycling to divert materials from landfills. We also provide L.E.E.D. Green Building Consulting to support environmentally responsible building practices. At IWC, we are committed to dependable service, environmental innovation, and helping create cleaner, more sustainable communities. We prioritize customer satisfaction and long-term environmental stewardship in every partnership we serve.

Looking ahead, the most significant project currently in planning is a 34-unit mid-range apartment complex on South Church Street, adjacent to the oil depot.The site is personally meaningful—located where Thompson’s family home once stood—and the vision includes two-bedroom oceanfront condos and a proposed “sea pool” concept created by allowing ocean water to fill a protected inlet. Planning approvals are still underway, and Thompson notes permissions will determine what is ultimately possible. A PRACTICAL VIEW OF SUSTAINABILITY AND EFFICIENCY Sustainability is part of the conversation, but Thompson approaches it through a pragmatic lens: efficiency matters, but it must remain compatible with affordability. The company aims to make buildings as efficient as possible “without going to the extreme,” and Thompson is blunt about what he sees in buyer behavior: many people support environmental initiatives in theory, but become less enthusiastic when the cost is directly on their balance sheet. For example, high-efficiency ceiling systems may not be required by code and can add high cost; in Thompson’s experience, few buyers choose those upgrades when they are optional and fully priced. Where Thompson Quality Homes does lean in consistently is in infrastructure that can be implemented cost-effectively. The company often installs sewage treatment plants, even when not strictly required—an efficiency and environmentallydriven decision that aligns with long-term asset performance. 23 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 THOMPSON QUALITY HOMES

prioritizes hiring people who align with the organization rather than trying to “change” people after they arrive. Thompson describes loyalty as the most important cultural trait, followed closely by honesty and a commitment to strong customer service. He notes that many employees have remained with the company for a long time—an indicator, in his view, that the culture is working and that expectations are clear. The company also maintains a core crew that includes many non-local workers on permits, acknowledging the reality of the labor movement in island markets. Some team members rotate back to their home countries after a few years, while others return for additional stints. TECHNOLOGY INTEGRATION: USEFUL IN THE OFFICE, PRACTICAL IN THE FIELD Technology plays an increasing role in the business, Solar, on the other hand, is not a standard inclusion in the company’s model. Thompson cites the economics—return on investment and upfront cost— and the financing impacts. When solar increases the overall price of a home, banks may not finance the additional amount in a way that benefits the buyer, and it can raise down payment requirements—often the biggest obstacle to home ownership. It may not be the most popular narrative,Thompson acknowledges, but for the segment he serves, affordability and access remain central. CULTURE: LOYALTY, INTEGRITY, AND LONGTERM RETENTION As a smaller company, Thompson Quality Homes 24 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

and Thompson’s comfort with it is personal as well as professional. An airline pilot by profession and a former computer programmer, he describes himself as “not the slightest bit scared by technology,” and notes that he uses AI regularly. Within the company, AI is currently most useful in research, scheduling support, and code compliance checks, as well as sourcing and evaluating materials. In the field, Thompson emphasizes, construction still requires hands-on execution—setting trusses, lifting materials, anchoring structures—and while electronic layout tools help with leveling, angles, and setting out buildings, the job remains fundamentally physical. “We use it more in the office than in the field,” he says.“The technology in the field is not really AI yet.” WHAT’S NEXT: 2026 PRIORITIES AND ACTIVE PROJECTS Entering 2026,Thompson Quality Homes has a clear set of active and upcoming priorities. The largest future initiative is the South Church Street project, which the company hopes to begin by the end of 2026, pending planning approvals. Additional near-term construction includes a 16-unit project in Savannah, which has just begun. The company is also actively renovating and selling inventory in two purchased apartment communities: Sandscape Residences in West Bay (a 36-unit asset being renovated and sold in stages), and Vista Caribe in Grand Harbour, where remaining units are also being renovated and brought to market. 25 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 THOMPSON QUALITY HOMES

PREFERRED VENDOR/PARTNER n Island Waste Carriers Ltd. www.websitename.com Island Waste Carriers (IWC) delivers comprehensive residential, commercial, and construction waste solutions across Grand Cayman. Services include garbage pickup, bulk collection, dumpster rentals, bin cleaning, compactors, food waste programs, grab truck hauling, and convenient recycling through our sister company, Island Recycling—helping reduce landfill waste, protect the environment, and contribute to a cleaner, more sustainable community. n Tropical Architectural Group Ltd. www.tag.ky Founded in 2003 by Darrel Ebanks, TAG began as an architectural design firm behind Cayman’s Vela, San Sebastian, Eleven Parc, Landmark Square, Arvia and more. With over one million square feet of experience, TAG is now a one-stop development partner delivering sustainable, affordable housing using advanced design-build technology for Cayman n Triangle Exports Worldwide www.triangleexports.com Since 1996, Triangle Exports is dedicated exclusively to providing the Caribbean Construction Industry with quality products and outstanding reliable service. Our industry wide product line of factory-direct export pricing for windows, doors, finishing and custom materials along with freight consolidation services save you time and money, worry-free, to ensure your materials arrive on time and within budget. Alongside these development priorities, Thompson sums up the year ahead with characteristic simplicity: deliver the projects, keep improving the product through customer feedback, and—if possible—make time to fly. A BUILDER’S DISCIPLINE IN A COMPETITIVE MARKET Thompson Quality Homes stands out not because it claims to build for everyone, but because it has structured a business model that protects the most important outcomes for its market segment: quality, affordability, and reliable execution. By combining repeatable design with controlled customization, long-term supplier relationships, and a vertically integrated delivery model, the company has built a durable platform in one of the most competitive sectors in any market: housing. And for Grand Cayman buyers who want a home built properly—without the inefficiencies and delays that can accompany full custom work—Thompson Quality Homes continues to position itself where demand is strongest: the middle of the market, delivered with discipline. 26 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

CAPITAL SIGNAL COMPANY SIGNALING A GREAT FUTURE best practices IN SUPPLY CHAIN AND LOGISTICS 27 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

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CAPITAL SIGNAL COMPANY SIGNALING A GREAT FUTURE AT A GLANCE CAPITAL SIGNAL COMPANY WHAT: A leading naval infrastructure and construction company working on major island projects WHERE: T rinidad and Tobago, Caribbean WEBSITE: www.capitalsignal.com BUILDING THE CARIBBEAN’S MARINE FUTURE 29 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

For more than three decades, Capital Signal has quietly shaped coastlines, strengthened marine infrastructure, and supported both energy and tourism development across the Caribbean. Founded in 1992 by Roland Herrera and Barry Rosier, the family-owned marine 30 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

construction and coastal engineering firm has grown from a Trinidad-based operation into a regional player with offices in Mexico, Guyana, and Jamaica. While its early years included significant work in geophysical and geotechnical services for the oil and gas sector, today the company’s Caribbean operations are firmly focused on marine construction, coastal protection, and waterfront development. With approximately 50 dedicated employees—from skilled laborers to engineers and management professionals—Capital Signal operates with a handson, collaborative culture that reflects its origins. “We’re not a rigid corporate structure,” says Sebastian, representing the company’s leadership team.“It’s an open-door policy. Everyone works together to get the job done.” A COLLABORATIVE MODEL At its core, Capital Signal remains a relationshipdriven business. As a family-owned company, longevity and loyalty are defining characteristics— several employees have been with the firm for over 20 years. Rather than a top-down corporate model, the company operates with a collaborative ethos. Field crews, engineers, and management align closely on project execution, fostering accountability and flexibility in an industry where conditions can shift quickly. This internal culture mirrors how the company engages externally. Marine construction in the Caribbean is a relatively small and specialized sector. Competitors frequently become collaborators, sharing equipment and subcontracting when necessary to meet project demands. Sebastian explains. “We compete, but we also work together. If one contractor has equipment available and another doesn’t, we help each other out.” That cooperative approach strengthens the industry as a whole—and reinforces Capital Signal’s longstanding presence across the islands. 31 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 CAPITAL SIGNAL COMPANY

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A REGIONAL FOOTPRINT ANCHORED IN MARINE EXPERTISE Capital Signal’s service portfolio centers on nearshore marine construction and coastal engineering. The company designs and builds: Jetties and wharfs, cruise ship terminals, boat lifts, concrete marine structures, fendering systems, coastal revetments and groins, as well as beach restoration and erosion protection works The firm also operates a waterfront facility in Trinidad, developed in 2016 as a strategic diversification initiative. Originally intended to support its own mobilizations and demobilizations, the facility now services external clients, including oil and gas operators and shipping companies. With five vessels supporting operations, Capital Signal provides cargo loadouts, offloading services, and marine logistics support, expanding opportunities. 33 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 CAPITAL SIGNAL COMPANY

OIL, TOURISM, AND INFRASTRUCTURE DEVELOPMENT While Trinidad’s economy remains heavily influenced by oil and gas, Capital Signal’s work spans multiple sectors. Currently, the company is constructing a large jetty for an oil and gas operator in the Caribbean. The project includes full design, engineering, and construction services—a testament to the firm’s technical capability. Beyond energy, tourism-driven marine infrastructure has become an increasingly important market segment. Capital Signal has completed projects for the Four Seasons development in Saint Kitts and Nevis and major fendering upgrades in Saint Lucia to support tanker operations. Post-pandemic recovery has accelerated tourism investment across the Caribbean. Since 2024, Sebastian notes, both contract volume and client spending have increased. “We’re seeing major tourism developers reinvesting in the Caribbean,” he says.“They’re bringing high-end overwater experiences similar to what we are seeing in the Caribbean, closer to North America.” That trend translates into new demand for jetties, waterfront access points, and coastal stabilization 34 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

projects—areas where Capital Signal holds deep expertise. SUPPLY CHAIN STRENGTH AND LOCAL COMMITMENT Operating from Trinidad offers a distinct advantage. As one of the Caribbean’s more industrialized economies,Trinidad provides access to steel, concrete, piling materials, and construction infrastructure at scale. A significant percentage of Capital Signal’s materials are sourced locally. When quantities or specialty components are unavailable, the company leverages established supplier relationships in the United States, particularly for marine fendering systems and specialized steel products. This blend of local sourcing and international partnerships provides flexibility while supporting regional economies. INVESTING IN ASSETS AND EXPANSION Looking ahead, Capital Signal is focused on scaling both its physical assets and geographic reach. The company is looking at increasing capacity across the region. With offices now established in 35 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 CAPITAL SIGNAL COMPANY

“We get young engineers coming in who are excited about the field,” Sebastian says. “They gain real marine construction experience here, which opens the door to long-term experience with us.” As expansion continues, job creation follows—not only within Capital Signal’s workforce but also in the local economies where projects take place. PREPARING FOR RENEWABLE ENERGY OPPORTUNITIES While concrete and steel remain the backbone of marine construction, new opportunities are emerging. Capital Signal is closely monitoring Guyana and Jamaica, leadership aims to position equipment strategically throughout the Caribbean, reducing mobilization time and expanding project opportunities. Human capital remains equally important. Capital Signal actively recruits from the University of Trinidad and Tobago and the University of the West Indies, both of which maintain strong civil engineering programs. While marine construction is not always a formal specialization in academic curricula, the company provides practical, hands-on training that bridges that gap. 36 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

37 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02 CAPITAL SIGNAL COMPANY

PREFERRED VENDOR/PARTNER n Dumore Enterprises Ltd www.dumore.co Dumore Enterprises Ltd. delivers end-to-end transport, rental, oilfield and industrial solutions across Trinidad and Tobago and the wider Caribbean. Our portfolio is supported by vehicle rentals and leasing, alternative fuel options, and large-scale transport and logistics for complex projects, alongside joint integrity and pipeline services and engineered products for onshore and offshore industries. For Mobility, Asset Integrity and Joint Integrity, we are your solutions partner! renewable energy development in the Caribbean, including offshore wind and ocean-based energy projects. Strengthening regional staging capabilities positions the company to participate in these future developments. “We want to have the assets ready,” Sebastian notes. “When renewable projects begin scaling in the Caribbean, we’ll be able to go after them.” STEADY GROWTH, REGIONAL IMPACT Capital Signal enters the new fiscal year with strong momentum and continued growth prospects. For a company that began as a focused marine contractor in 1992, the trajectory reflects both steady expansion and strategic diversification. From oil and gas infrastructure to tourism development, coastal protection to renewable energy preparation, Capital Signal continues to shape the Caribbean’s marine landscape—one jetty, one shoreline, and one partnership at a time. 38 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 02

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