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Jim Pattison Group

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The Jim Pattison Group is a Canadianconglomerate based inVancouver.Jim Pattison, a Vancouver-basedentrepreneur, is thechairman,CEO, and sole owner of the company. The Jim Pattison Group, Canada's second largest privately held company, has more than 45,000 employees worldwide, and annual sales of $10.1 billion[2] based on investments in Canada, theU.S.,Mexico,Europe,Asia andAustralia. The Group is active in 25 divisions, according toForbes, including packaging, food, forestry products.[3]

The Jim Pattison Group
Company typePrivate
IndustryMedia, automotive, packaging, food sales and distribution, magazine distribution, entertainment, export and financial industries
Founded1961; 64 years ago (1961), inVancouver,British Columbia
HeadquartersRogers Tower, Vancouver, British Columbia,
Area served
  • Canada
  • United States
  • Mexico
  • Europe
  • Asia
  • Australia
Key people
Jim Pattison
(Chairman and CEO)
Ryan Barrington-Foote[1]
(President and COO)
ProductsMedia,Broadcasting,Grocery,Billboards
Revenue $10.9 Billion (2020)
OwnerJim Pattison
Number of employees
48,000 (2020)
DivisionsSee§ Divisions
Websitejimpattison.com

In early 2022, the 93-year-old Pattison was still working full-time. According toForbes, his net worth then was $5.7 billion, having increased substantially from the $2.1 billion reported in March 2009.[3][4] In September 2020, a news item stated that "Jim Pattison Group Inc. had $10.9 billion in revenue and employed 48,000 people".[5]

History

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The Jim Pattison Group was created on May 8, 1961, when Pattison purchased aGeneral Motors automobile dealership by borrowing $40,000 from theRoyal Bank of Canada, and placing his home and life insurance policy with the bank ascollateral.[6]

In 1965, The Jim Pattison Group was awarded a license to operateVancouver AM radio stationCJOR. The group then acquired Neon Products (Vancouver) & Seaboard Outdoor Advertising in 1967,Overwaitea Foods (Vancouver) in 1968, and Provincial News (Edmonton) in 1969. The real estate arm of the group was created in 1980. The Jim Pattison Group acquiredBritish Columbia Magazine, Canadian Fishing Company in 1984, andRipley's Believe It or Not! in 1985.

In 1990, the group acquired Foodservice Packaging Group, Flexible Packaging Group, and Coroplast and Montebello Packaging. The following year, the group launched its financial services division. The Jim Pattison Group acquiredWestshore Terminals (B.C.-based coal-export terminal facility) in 1994, Buy-Low Foods in 1995, and launched Select Media Services. In 1999, the group acquired Cooper's Foods.

The Ripley's Aquarium opened in Myrtle Beach, SC, andRipley's Aquarium of The Smokies, Gatlinburg, TN opened in 2000. In 2001, the group acquiredMonarch Broadcasting and Van-Whole Produce, and started ProLogix Distribution Services and AccuLogix Distribution Services the following year. Ever Corp. was acquired in 2002 and LIN PAC Inc. in 2003. In 2004, the Jim pattison Group acquired Classic Attractions (Texas), St. Augustine Sightseeing Trains (Florida), Maltese Signs (Norcross, GA), the auto lease business of Cross-Canada Car Leasing Limited (Toronto, ON), and the periodical distribution companies in San Jose and Chico, CA.

As of April 2020, the group was headquartered in the Shaw Tower in Vancouver.[7] The Shaw Tower was later renamed to the Rogers Tower in May 2023, afterShaw Communications merged intoRogers Communications.[8]


October 29, 2013, Pattison became an insider of theJust Energy Group, a publicly traded corporation on both the Toronto Stock Exchange and the American Stock Exchange, by taking possession of more than 14 million shares (over 10% of the company's shares outstanding).[9]

  • 2013 – AcquiredSun-Rype
  • 2014 – Purchased 5 John Deere Dealerships in Saskatchewan.
  • 2015 – Employees: 39,000 Sales: $8.2 billion
  • 2015 – Purchased Peterbilt Pacific Dealerships
  • 2017 – Amalgamated JayDee AGTECH and Maple Farm Equipment John Deere Dealerships as one company, Pattison Agriculture with 17 locations across Saskatchewan and Manitoba
  • 2017 – Took controlling interest (March 23, 2017) of Quality Foods with 13 locations across Vancouver Island, British Columbia
  • 2017 – AcquiredChoices Markets from the Lockhart family to be operated as a division of Buy-Low Foods LP
  • 2019 – Sold Sun-Rype toLassonde Industries for C$80 million in an all-cash deal.[10][11] As well, in announcing the sale, it was reported that Sun-Rype had C$164 million in gross sales for their fiscal year ended September 30, 2019, and C$9 million inEBITDA.[11][10]
  • 2020 – acquired remaining magazine and book distribution business not previously held in Canada from Metro360 for $925,000. The News Group is the only major distributor of periodicals in Canada.
  • 2024 - acquired Northern California-based grocer Save Mart Companies which includes Save Mart, Lucky, and FoodMaxx stores; Yosemite Wholesale; and the office division of Save Mart.[12]

Divisions

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Some of the more significant divisions of the Jim Pattison Group include:

Illuminated Signs

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  • Pattison Sign Group

Pattison Food Group

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Main article:Pattison Food Group

Wildlight Kitchen + Bar

Pattison Media

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Television stations

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Radio stations

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Other media properties

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Periodical Distribution

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  • The News Group, North America's largest newspaper and magazine distributor; in November 2018, the company agreed to sell this group, and its entire United States magazine distribution business to American News Company, LLC.[2] The Canadian periodicals division of The News Group, as well as the Non-Periodical's portion of The News Group remains a division of the Jim Pattison Group.
  • Select Media Services

Entertainment

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Automotive Group

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The Jim Pattison Auto Group

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Dealerships
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  • Jim PattisonAudi
    • Audi Edmonton North
  • Jim PattisonChrysler,Jeep,Dodge,Ram, andProMaster
    • Jim Pattison Chrysler Jeep Dodge Surrey
  • Jim PattisonHyundai
    • Jim Pattison Hyundai Coquitlam
    • Jim Pattison Hyundai Northshore
    • Jim Pattison Hyundai Surrey
  • Jim PattisonLexus
    • Jim Pattison Lexus Northshore
    • Jim Pattison Lexus Victoria
  • Jim PattisonSubaru
    • Jim Pattison Subaru Coquitlam
    • Jim Pattison Subaru Northshore
    • Jim Pattison Subaru Victoria
    • Jim Pattison Subaru on Regent
    • Jim Pattison Subaru South
  • Jim PattisonToyota
    • Jim Pattison Toyota Downtown
    • Jim Pattison Toyota Northshore
    • Jim Pattison Toyota Surrey
    • Jim Pattison Toyota Victoria
    • Jim Pattison Toyota Duncan
    • Jim Pattison Toyota on Regent
    • Canyon Creek Toyota Calgary
  • Jim PattisonVolkswagen
    • Jim Pattison Volkswagen Surrey
  • Jim PattisonVolvo
    • Jim Pattison Volvo of North Vancouver
    • Jim Pattison Volvo of Surrey
  • Jim PattisonAcura
    • Campus Acura Victoria
  • Jim PattisonHonda
    • Campus Honda Victoria
  • Jim PattisonInfiniti
    • Campus Infiniti Victoria
  • Jim PattisonNissan
    • Campus Nissan Victoria
  • Campus Auto Group
  • North Surrey Auto Mall
Body Shops
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  • Jim Pattison Auto Body & Glass Surrey
  • Jim Pattison Toyota Surrey Auto Body & Glass
  • Jim Pattison Collision & Glass

Jim Pattison Lease

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  • Canada's largest privately owned fleet management and leasing company.

The Jim Pattison Packaging Group

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  • GenPak – independent supplier of disposable food service packaging in the US and Canada.[13]
  • Coroplast – manufacturer and marketer of corrugated plastic sheet for the graphics and re-usable packaging industries
  • Montebello Packaging – manufacturer of collapsible aluminum and laminate tubes, marker tubes, and rigid aluminum aerosol cans

Export and Financial Services

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  • Westshore Terminals – Canadian coal export facility and the largest dry bulk terminal on the West Coast of the Americas

References

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  1. ^Larsen, Karin (January 6, 2023)."Former premier Glen Clark out as president and COO of Jim Pattison Group but remains with company".Canadian Broadcasting Corporation.Archived from the original on February 5, 2024. RetrievedApril 16, 2024.
  2. ^ab"Jim Pattison Group Agrees to Sell U.S. Magazine Distribution Related Assets to American News Company, LLC".Newswire. 29 November 2018.Archived from the original on 21 December 2018. Retrieved26 December 2018.
  3. ^ab"'#237 Jim Pattison. Founder, Chairman and CEO, Jim Pattison Group".Forbes. 26 December 2016.Archived from the original on 27 December 2018. Retrieved26 December 2018.
  4. ^"'Canada's Warren Buffett' Drives His Own Pickup Truck".Bloomberg. 21 December 2016.Archived from the original on 26 December 2018. Retrieved26 December 2018.
  5. ^"He's 91 and worth billions. Now Jimmy Pattison is hunting deals".Vancouver Sun. 16 September 2020. Retrieved20 September 2020.
  6. ^"Top 10 richest Canadians".
  7. ^Jang, Brent (April 14, 2020)."From his Vancouver office, Jim Pattison charts a path to recovery for his conglomerate".The Globe and Mail.
  8. ^Chan, Kenneth (May 25, 2023)."New Rogers building sign marks Vancouver's Shaw Tower renaming".Daily Hive.
  9. ^"Insider Filings, News and Alerts on the Canadian Stock Market".www.canadianinsider.com.
  10. ^abLassonde Industries Inc. (29 October 2019)."Canadian-owned companies Lassonde Industries Inc. and Sun-Rype Products Ltd. to join forces". Lassonde Industries Inc.Archived from the original on 30 October 2019. Retrieved30 October 2019.
  11. ^abMichaels, Kathy (29 October 2019)."Deal to sell Sun-Rype for $80 million underway". INFOnews.ca, a division of InfoTel Multimedia, Ltd.Archived from the original on 30 October 2019. Retrieved30 October 2019.
  12. ^"Vancouver-based Jim Pattison Group acquires U.S. grocery chain owner Save Mart Companies".CityNews Vancouver. 2024-06-28. Retrieved2024-07-01.
  13. ^Polyethylene Retail Carrier Bags from China, Malaysia, and Thailand, Invs. 731-TA-1043-1045 (Preliminary). DIANE Publishing. p. 38.ISBN 978-1-4578-2115-8.

External links

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