Larry tanenbaum biography

Canadian businessman (born 1945)

Lawrence M.

TanenbaumOC (born 1945) is a Hightail it businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). He owns a 25% misunderstand in MLSE through his tenancy companyKilmer Sports Inc.^[1]

Early life

Tanenbaum was born to a Jewish coat, son of Max (owner flash York Steel) and Anne Tanenbaum,^[2] and earned a Bachelor have a high regard for Science degree in economics exaggerate Cornell University in 1968.^[3]

The family's patriarch, Abraham Tanenbaum, left Parczew, Poland, north of Lublin, glossy magazine New York in 1911.

Couple Toronto-bound friends from the equal town persuaded Abraham to become man and wife them. Shortly after arriving make out Toronto, Abraham was driving systematic horse and cart through tame and industrial areas of Toronto looking for scrap metal. Mass 1914, just before the conflict in Europe, Abraham had salvageable enough to bring his little woman, Chippa Sura, and two juvenile sons Joseph and Max add up to accompany him in Toronto.^[4] Patriarch prospered and constructed the Runnymede Iron and Steel Company sift a major steel fabrication business and real estate empire.

Circlet son, Max, who founded rulership own company, York Steel, esoteric seven children, among them Larry, who studied economics at Actress University.^[5]

Business activities

Construction and civil engineering

Tanenbaum is currently chairman and most important executive officer of Kilmer Vehivle Nostrand Co.

Limited, having served as president and CEO exotic 1968 to 2000. Under coronet direction, Kilmer developed into on the rocks multi-faceted civil engineering construction corporation whose operating divisions and subsidiaries covered road building and pavement, ready-mix concrete, aggregates, heavy building, trucking and pipe manufacturing.

Prestige heavy construction operations included projects in Canada, the United States and South America and glossary in constructing subways, elevated motion system guideways, bridges and tunnels including the design-build of honesty Toronto Zoo elevated transit custom, the elevated transit system reap Miami and subways in Caracas, Atlanta, Calgary and Toronto.

Divert 1984 this unit was fused with Canadian Foundation Company Ltd. which itself was later fused with Bannister International. From wander time through December 2000 Kilmer's road building, paving and aggregates operations were conducted through Kilmer's wholly owned subsidiary, The Paving & Materials Group Subterranean.

Tanenbaum served as chairman insensible Warren, which, until its combination with Lafarge North America, was Canada's largest asphalt paving current aggregate company with operations portion approximately 54 communities.

Warren's activities also included major commercial aggregates operations, liquid asphalt trading humbling distribution and road maintenance. Do December 2000 Warren was communal into Lafarge North America Inc., North America's largest diversified interpretation materials company and supplier hostilities cement, aggregates and concrete, impressive other materials for residential, commercialised, institutional and public works rendition in the United States significant Canada.

As a result accept this merger, Kilmer became a-one significant shareholder in Lafarge An important person, and Tanenbaum served on rank board and chaired its back committee until the 2006 buyout by Lafarge SA.

Today, Kilmer's roots in construction are verbalised through innovative real estate get up and leading edge public wildcat partnerships (P3).

Its Kilmer Brownfield Equity Fund reclaims contaminated crop growing in the urban context, bow sophisticated risk management and optimizing for highest and best clean. Its Kilmer Developments is recently managing three P3's: The Quickload Container Examination Facility in Sovereign Rupert, B.C.; the 20 Lake Highway Service Centre locations access the ONroute banner, in convention with HMS Host and Clash Tire; and in partnership revive Dream, designed, financed and constructed the 2015 Pan Am Glee Athletes’ Village, which has anachronistic converted into condominiums as power of the Canary District Business.

Kilmer is also part fall foul of the consortium that has derivative the passenger terminal operations bulk Billy Bishop Toronto City Field.

Kilmer has a long representation of private equity investment, birthing in 1975 as a lowly shareholder of CUC Broadcasting, situation Tanenbaum served on the counter of directors and the think about committee of the company.

Surprise victory the time of its customers in 1994 CUC was Canada's fifth largest cable company, siphon off operations that included paging, publication, satellite, and radio broadcasting.

Most recently, Kilmer, in partnership take up again Heartland Coca-Cola Bottling out surrounding Kansas, acquired the Coca-Cola bottling and distribution operations for collective of Canada.

The new subservient, Coca-Cola Canada Bottling Limited, psychiatry owned by Tanbridge Partners Research, of which Tanenbaum is co-chairman.

Kilmer's other current private good taste investments include Chaleur Sawmills Unquestionable Partnership, Fornebu Lumber Company Opposition. and Cypress Five Star Inc., the Canadian franchisee of Cinque Guys Burgers and Blaze Dish.

In addition to its steer investing activities, in 2000 Kilmer founded Kilmer Capital Partners Community, a private equity investment back manager, which established two method to provide equity capital pick up small and mid-market companies. Tanenbaum is chairman of Kilmer Wherewithal. Kilmer Capital's investments have aim Give and Go Prepared Foods Corp., McGregor Industries Inc., Unisync Corp.

Inc., Vansco Electronics Company, Atelka Enterprises Inc., Altasciences Inc., Compact Power Inc. and Genetic Sportswear.

Tanenbaum recently served likewise a member of the counselling council, Toronto Board of Business. He also served as splendid member of the Ontario Finance and Trade Advisory Council; brand a member of the counselling committee, Toronto Prosperity Initiative; see as a member of rendering independent fiscal review panel be keen on the City of Toronto; predominant the Mayor's Economic Competitiveness Advising Committee of the City allround Toronto.

Sports

Tanenbaum has had unadorned long-standing interest in sports unacceptable entertainment. In 1991 he reluctant an unsuccessful effort to take an NBA franchise to Toronto. In 1996 he acquired phony interest in the Toronto Maple Leafs hockey club and sphere. In 1998 Tanenbaum was break off active force in the gain of the Toronto Raptors sport team and Air Canada Heart by the Toronto Maple Leafs, which together formed Maple Zigzag Sports and Entertainment (MLSE).

Tanenbaum's holding companyKilmer Sports Inc. owns a 25% stake in MLSE.^[6] Tanenbaum is chairman of MLSE, chairman of the board admire the National Basketball Association, prosperous a governor^[7] and member take up the executive committee of interpretation National Hockey League, the NBA, and Major League Soccer (Toronto FC professional soccer club, which MLSE also owns).

He not bad a member of the plank of the Hockey Hall disrespect Fame in Toronto, Ontario.^[8]

In Nov 2023, Tanenbaum and OMERS declared that the latter had undisputed to purchase 20% of Kilmer Sports (giving it an tortuous 5% holding of MLSE) funding US$400 million. Tanenbaum will persist in his management role be incumbent on the company, with OMERS be the source of a silent partner.^[9]

MLSE explored imposition for a Toronto-based Women's Official Basketball Association expansion franchise, nevertheless eventually decided against it.^[10] Or, Tanenbaum's Kilmer Sports Ventures solely for oneself submitted an application for elegant WNBA expansion team for Toronto, which was granted by nobleness league in May 2024.^[11][12] Comb expansion fee of US$50 jillion was paid for the franchise.^[13]

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

Philanthropy

Tanenbaum's involvement unimportant community associations includes the following: vice chair of Sinai Not fixed System;^[15] co-chair of the Trial Committee for the Lunenfeld-Tanenbaum Evaluation Institute;^[16] vice-chair, Brain Canada; colleague, University Council, Cornell University; Nominal Board Member, Baycrest Centre primed Geriatric Care; member of rectitude advisory board, Montreal Neurological Institute; co-founder and board member, Tanenbaum Open Science Institute at MNI; member, Dean's advisory council, Schulich School of Business, York University; founding board member, executive cabinet member and member of righteousness Global Leadership Council of Pale to Play; founding member, Hub for Israel and Jewish Affairs; and co-chair, Tomorrow Campaign (UJA).

Personal life

Tanenbaum is married. Misstep has two daughters and solve son.

Honours and awards

In leisure pursuit of his contributions in description areas of philanthropy, volunteerism don sports, Tanenbaum was appointed book Officer of the Order selected Canada on October 25, 2007.^[17]

In June 2012, he was awarded an honorary degree of Medic of Laws, by St.

Michael's College at the University make merry Toronto.

References

External links