Balancing Work and Personal Enjoyment with Family and Friends
Kingston is a coastal community in Southeastern Massachusetts located about 35 miles south of Boston. The town was originally known as the North Precinct of Plymouth. The town’s early history was actually part of the Plymouth colony settled by the Pilgrims, until it was incorporated in 1726.
Kingston is where David Rakauskas, vice president of Colonial Saw, was born and raised. Upon graduating high school, which is where he met his wife-to-be Kim, daughter of the owners of Colonial Saw, Jean and Paul Ravinski, he attended the University of Massachusetts, Amherst and graduated there with a bachelor’s degree in business and accounting.
Right out of college, Rakauskas went to work for Deloitte and Touche, one of the then-“big six” accounting firms in the country, and worked on the Ocean Spray account with their auditing and tax dealings. He worked there for five years and became a Certified Public Accountant. He married Kim and moved back to Kingston to become the controller for Colonial Saw in 1996. “Starting in the finance side of the business, I learned operations and transitioned through logistics, the warehouse, and customer service, and eventually machine sales for over 20+ years,” said Rakauskas. Today as the vice president, he oversees the business as his own while his father-in-law still comes in to work every morning from April to December, spending his winters in Florida.
Kim and Dave have three children: Veronica, a freshman at Boston University and studying pre-dental; son Ryan, 17, a junior in high school; and their youngest son, Kyle, 14, in eighth grade.
In April 2017, Rakauskas was elected WMIA’s new Chairman of the Board, having already served as the treasurer and vice-chairman for the past four years. He’s been involved with the WMIA for 10 years and has been deeply involved with the Association’s Technology Committee. He has also served his community as president of Duxbury Youth Hockey, where all of his children played.
When asked what he has gained as a member of the WMIA, he said that it is the personal friendships that he has developed over the years with other members. He refers to many of the members as friends and has been with them at numerous meetings, dinners, and events over the years. “We’ve even had some of them visit us with their children on vacations,” he added.
“In addition, coming from a small business, my membership has enabled me to bounce ideas off of the people that are doing the same things we are. We’re dealing with foreign currency, with worker’s compensation, with the banks, and we are all doing similar things where it is great to learn from each other and apply that knowledge to our businesses.”
The future for Rakauskas is bright. “My plan is to keep doing what I’ve been doing with the company. Our main focus is to do a great job with the few products we represent and maintain a controlled growth with our product lines. Our relationships with our suppliers is deep, long term, and solid.” He doesn’t want to add more lines just to be adding more products, but rather to look at complementary lines where they can do a good job without over-stretching their capabilities. Rakauskas stated that Colonial Saw has a very good reputation in the industry and will not risk that reputation by expanding too rapidly. “We want to continue to do what we do well and enjoy our personal lives at the same time. And then, we’ll see what my kids want to do in the next 10 to 15 years.”