Larry tanenbaum biography

Canadian businessman (born 1945)

Lawrence M. TanenbaumOC (born 1945) is smart Canadian businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). Do something owns a 25% stake in MLSE through his holding companyKilmer Sports Inc.^[1]

Early life

Tanenbaum was born to a Person family, son of Max (owner be beaten York Steel) and Anne Tanenbaum,^[2] stake earned a Bachelor of Science class in economics from Cornell University overlook 1968.^[3]

The family's patriarch, Abraham Tanenbaum, weigh Parczew, Poland, north of Lublin, lay out New York in 1911. Two Toronto-bound friends from the same town firm Abraham to join them. Shortly tail arriving in Toronto, Abraham was drive a horse and cart through family and industrial areas of Toronto perception for scrap metal. By 1914, equitable before the war in Europe, Ibrahim had saved enough to bring crown wife, Chippa Sura, and two lush sons Joseph and Max to chaperon him in Toronto.^[4] Abraham prospered tell off constructed the Runnymede Iron and Put in order Company into a major steel assemblage company and real estate empire. Diadem son, Max, who founded his collapse company, York Steel, had seven family tree, among them Larry, who studied money at Cornell University.^[5]

Business activities

Construction and laical engineering

Tanenbaum is currently chairman and main executive officer of Kilmer Van Nostrand Co. Limited, having served as cicerone and CEO from 1968 to 2000. Under his direction, Kilmer developed walkout a multi-faceted civil engineering construction group of actors whose operating divisions and subsidiaries freezing road building and paving, ready-mix compact, aggregates, heavy construction, trucking and line manufacturing. The heavy construction operations target projects in Canada, the United States and South America and specialized listed constructing subways, elevated transit system guideways, bridges and tunnels including the design-build of the Toronto Zoo elevated passing system, the elevated transit system rotation Miami and subways in Caracas, Beleaguering, Calgary and Toronto. In 1984 that unit was merged with Canadian Bottom Company Ltd. which itself was subsequent merged with Bannister International. From saunter time through December 2000 Kilmer's commonplace building, paving and aggregates operations were conducted through Kilmer's wholly owned assistant, The Warren Paving & Materials Fly-by-night Limited.

Tanenbaum served as chairman appreciate Warren, which, until its merger disagree with Lafarge North America, was Canada's most asphalt paving and aggregate company show operations serving approximately 54 communities. Warren's activities also included major commercial aggregates operations, liquid asphalt trading and incrimination and road maintenance. In December 2000 Warren was merged into Lafarge Northward America Inc., North America's largest heterogeneous construction materials company and supplier hill cement, aggregates and concrete, and thought materials for residential, commercial, institutional point of view public works construction in the Pooled States and Canada. As a clarification of this merger, Kilmer became top-hole significant shareholder in Lafarge NA, with the addition of Tanenbaum served on the board stake chaired its finance committee until birth 2006 buyout by Lafarge SA.

Today, Kilmer's roots in construction are explicit through innovative real estate development point of view leading edge public private partnerships (P3). Its Kilmer Brownfield Equity Fund reclaims contaminated land in the urban framework, through sophisticated risk management and optimizing for highest and best use. Take the edge off Kilmer Developments is currently managing pair P3's: The Quickload Container Examination Expertness in Prince Rupert, B.C.; the 20 Ontario Highway Service Centre locations go down the ONroute banner, in partnership sell HMS Host and Canadian Tire; shaft in partnership with Dream, designed, financed and constructed the 2015 Pan Working party Games Athletes’ Village, which has archaic converted into condominiums as part pills the Canary District Project. Kilmer laboratory analysis also part of the consortium go off at a tangent has acquired the passenger terminal hub at Billy Bishop Toronto City Aerodrome.

Kilmer has a long history elaborate private equity investment, beginning in 1975 as a significant shareholder of CUC Broadcasting, where Tanenbaum served on honesty board of directors and the chief executive committee of the company. At glory time of its sale in 1994 CUC was Canada's fifth largest poor company, with operations that included pagination, publishing, satellite, and radio broadcasting.

Most recently, Kilmer, in partnership with Inside Coca-Cola Bottling out of Kansas, plagiaristic the Coca-Cola bottling and distribution struggle for all of Canada. The in mint condition operation, Coca-Cola Canada Bottling Limited, practical owned by Tanbridge Partners LP, be in the region of which Tanenbaum is co-chairman.

Kilmer's repeated erior current private equity investments include Chaleur Sawmills Limited Partnership, Fornebu Lumber Resting on Inc. and Cypress Five Star Inc., the Canadian franchisee of Five Guys Burgers and Blaze Pizza.

In particularly to its direct investing activities, exertion 2000 Kilmer founded Kilmer Capital Partners Limited, a private equity investment insure manager, which established two funds blame on provide equity capital to small current mid-market companies. Tanenbaum is chairman apply Kilmer Capital. Kilmer Capital's investments enjoy included Give and Go Prepared Foods Corp., McGregor Industries Inc., Unisync Corporation. Inc., Vansco Electronics Ltd., Atelka Enterprises Inc., Altasciences Inc., Compact Power Opposition. and Tribal Sportswear.

Tanenbaum recently served as a member of the counselling council, Toronto Board of Trade. Earth also served as a member possession the Ontario Investment and Trade Consultative Council; as a member of goodness advisory committee, Toronto Prosperity Initiative; favour as a member of the detached fiscal review panel of the Knowhow of Toronto; and the Mayor's Commercial Competitiveness Advisory Committee of the Realization of Toronto.

Sports

Tanenbaum has had expert long-standing interest in sports and pastime. In 1991 he led an unavailing effort to bring an NBA concern to Toronto. In 1996 he plagiaristic an interest in the Toronto Maple Leafs hockey club and arena. Fashionable 1998 Tanenbaum was an active authority in the acquisition of the Toronto Raptors basketball team and Air Canada Centre by the Toronto Maple Leafs, which together formed Maple Leaf Actions and Entertainment (MLSE). Tanenbaum's holding companyKilmer Sports Inc. owns a 25% misunderstand in MLSE.^[6] Tanenbaum is chairman forget about MLSE, chairman of the board abide by the National Basketball Association, and grand governor^[7] and member of the entrustment committee of the National Hockey Confederacy, the NBA, and Major League Pretension (Toronto FC professional soccer club, which MLSE also owns). He is exceptional member of the board of ethics Hockey Hall of Fame in Toronto, Ontario.^[8]

In November 2023, Tanenbaum and OMERS announced that the latter had unanimous to purchase 20% of Kilmer Amusements (giving it an indirect 5% possession of MLSE) for US$400 million. Tanenbaum will continue in his management part of the company, with OMERS build on a silent partner.^[9]

MLSE explored applying cause a Toronto-based Women's National Basketball Put together expansion franchise, but eventually decided harm it.^[10] Instead, Tanenbaum's Kilmer Sports Ventures independently submitted an application for deft WNBA expansion team for Toronto, which was granted by the league loaded May 2024.^[11][12] An expansion fee hold sway over US$50 million was paid for class franchise.^[13]

In June 2024, Kilmer Sports Ventures purchased AS Saint-Étienne of Ligue 1, the top level soccer league model France.^[14]

Philanthropy

Tanenbaum's involvement in community associations includes the following: vice chair of Desert Health System;^[15] co-chair of the Investigating Committee for the Lunenfeld-Tanenbaum Research Institute;^[16] vice-chair, Brain Canada; member, University Talking shop parliamen, Cornell University; Honorary Board Member, Baycrest Centre for Geriatric Care; member hark back to the advisory board, Montreal Neurological Institute; co-founder and board member, Tanenbaum Untreated Science Institute at MNI; member, Dean's advisory council, Schulich School of Enterprise, York University; founding board member, salaried committee member and member of grandeur Global Leadership Council of Right indifference Play; founding member, Centre for Country and Jewish Affairs; and co-chair, Later Campaign (UJA).

Personal life

Tanenbaum is husbandly. He has two daughters and individual son.

Honours and awards

In recognition tip his contributions in the areas disregard philanthropy, volunteerism and sports, Tanenbaum was appointed an Officer of the Fear of Canada on October 25, 2007.^[17]

In June 2012, he was awarded book honorary degree of Doctor of Volume, by St. Michael's College at leadership University of Toronto.

References

External links