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The firm's origins date back to Genstar Corporation, whose senior executives founded Genstar Capital in 1988. Genstar was a Canadian building-materials and financial-services company that invested $1.9 billion through 28 acquisitions from 1976 to 1986. [2] Additionally, Genstar sold 40 businesses and entered into 75 joint ventures during this ...
In these roles he is in charge of acquisitions, divestitures and the supervision of portfolio companies. During his tenure, Genstar had grown to have approximately $49 billion of assets under management and targets investments in financial services, healthcare, industrials, and software industries. [16] [24] [25]
Genstar Development Company (Canada) is a real estate development company that creates master planned communities throughout Canada. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. [1] Today, Genstar has active projects in Calgary, Edmonton and Winnipeg. [2]
The company's launch was initially backed by Genstar Capital, which held a majority stake in the company before selling it in 2012. [17] Private equity firm ABRY Partners acquired Genstar Capital’s majority stake in Confie in late 2012. [18] Cesar Soriano has been the CEO since August 2017, [19] [20] while Valeria Rico was CEO from 2014 to ...
Predicting the future is a difficult thing, as private equity investors know all too well. Genstar closed its latest flagship buyout fund on $3.95 billion last year, which represented a nearly 100 ...
In July 2018, Genstar Capital announced its intention to acquire the majority interest in the Cetera Financial Group. [24] The transaction was completed in October 2018. [25] In May 2023, Mike Durbin was named chief executive officer of Cetera Holdings, the holding company of Cetera Financial Group, and a member of Cetera’s board of directors ...
Acrisure was founded in 2005 by Greg Williams and Ricky Norris. [2] [3] In 2013, Genstar Capital purchased Acrisure and much of the company's growth was accounted by acquisitions; in 2014 the company acquired 23 firms and in 2015, it took over 59 other agencies compared to 26 acquisitions between 2005 and 2013.
Imasco was the former owner of Imperial Tobacco Canada, Canada Trust, Shoppers Drug Mart, Genstar, and the Hardee's restaurant chain. The company sold Hardee's in 1997 to CKE, Canada Trust in 2000 to Toronto-Dominion Bank and Shopper's Drug Mart in 2000 to a consortium of institutional investors.