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Jim Pattison Group

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The Jim Pattison Group
Company typePrivate
IndustryMedia, automotive, packaging, food sales and distribution, magazine distribution, entertainment, export and financial industries
FoundedVancouver, British Columbia (1961)
HeadquartersVancouver, British Columbia,
Canada
Area served
  • Canada
  • U.S.
  • Mexico
  • Europe
  • Asia
  • Australia
Key people
Jim Pattison, chairman and CEO
Glen Clark, President
ProductsMedia, Broadcasting, Grocery, Billboards
Revenue $10.1 Billion (2018)
OwnerJim Pattison
Number of employees
48,000 (2020)
Websitejimpattison.com

The Jim Pattison Group is a Canadian conglomerate based in Vancouver. In a recent survey by the Financial Post, the firm was ranked as Canada's 62nd largest company. Jim Pattison, a Vancouver-based entrepreneur, is the chairman, 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[1] based on investments in Canada, the U.S., Mexico, Europe, Asia and Australia. The Group is active in 25 divisions, according to Forbes, including packaging, food, forestry products.[2]

In early 2022, the 93-year-old Pattison was still working full-time. According to Forbes, his net worth then was $5.7 billion, having increased substantially from the $2.1 billion reported in March 2009.[2][3] In September 2020, a news item stated that "Jim Pattison Group Inc. had $10.9 billion in revenue and employed 48,000 people".[4]

History

The Jim Pattison Group began on May 8, 1961, when Pattison purchased a General Motors automobile dealership by borrowing $40,000 from the Royal Bank of Canada, and placing his home and life insurance policy with the bank as collateral. Acquisitions in subsequent years included the following:

  • 1965 – Awarded license to operate Vancouver AM radio station CJOR
  • 1967 – Acquired Neon Products (Vancouver) & Seaboard Outdoor Advertising
  • 1968 – Acquired Overwaitea Foods (Vancouver)
  • 1969 – Acquired Provincial News (Edmonton)
    • Employees: 2,500 Sales: $100 million
  • 1980 – Started Jim Pattison Real Estate Group
    • Employees: 6,000 Sales: $500 million
  • Purchased Beautiful British Columbia Magazine
  • 1984 – Acquired Canadian Fishing Company
  • 1985 – Acquired Ripley's Believe It or Not!
    • Employees: 6,000 Sales: $1 billion
  • 1990 – Acquired the Foodservice Packaging Group
    • Acquired the Flexible Packaging Group
    • Acquired Coroplast and Montebello Packaging
    • Employees: 10,000 Sales: $2 billion
  • 1991 – Started Jim Pattison Trade Group
    • Started Financial Services division
  • 1994 – Acquired Westshore Terminals, a BC-based coal-export terminal facility
  • 1995 – Acquired Buy-Low Foods
  • 1997 – Started Select Media Services
    • Opened Ripley's Aquarium, Myrtle Beach, SC
  • 1999 – Acquired Cooper's Foods
    • Employees: 20,000 Sales: $4.4 billion
  • 2000 – Opened Ripley's Aquarium of The Smokies, Gatlinburg, TN
    • Employees: 22,000 Sales: $4.6 billion
  • 2001 – Acquired Monarch Broadcasting
    • Acquired Van-Whole Produce
    • Employees: 24,000 Sales: $5 billion
  • 2002 – Started ProLogix Distribution Services and AccuLogix Distribution Services
    • Acquired Ever Corp.
    • Employees: 25,000 Sales: $5.2 billion
  • 2003 – Acquired LIN PAC Inc.
    • Employees: 26,000 Sales: $5.5 billion
  • 2004 – Acquired Classic Attractions (Texas)
    • Acquired St. Augustine Sightseeing Trains (Florida)
    • Acquired Maltese Signs (Norcross, GA)
    • Acquired auto lease business of Cross-Canada Car Leasing Limited (Toronto, ON)
    • Acquired periodical distribution companies in San Jose and Chico, CA
    • Employees: 27,000 Sales: $5.7 billion
  • 2005 – Acquired control of Icicle Seafoods (BC.) Inc.
    • Acquired Freeway Dodge Chrysler
    • Acquired Spartech Corporation's corrugated plastic sheet business
    • Started the Vancouver edition of 24 Hours (in partnership with Quebecor Media)
    • Formed or purchased interests in several US and Canadian joint ventures in the periodical industry
    • Employees: 28,000 Sales: $6.1 billion
  • 2006 – Acquired Carthage Cup, Carthage, TX
  • 2007 – Disposed of interest in the Vancouver 24 Hours
  • 2008 – Acquired Guinness World Records from HIT Entertainment
  • 2009 – Funded the Peak Performance Project
  • 2010 – Acquired Amc Billboard Co
  • 2011 – Acquired Ocean Brands

October 29, 2013, Pattison became an insider of the Just 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).[5]

  • 2013 – Acquired Sun-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 – Acquired Choices Markets from the Lockhart family to be operated as a division of Buy-Low Foods LP
  • 2019 - Sold Sun-Rype to Lassonde Industries for C$80 million in an all-cash deal.[6][7] 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 in EBITDA.[7][6]
  • 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.

Divisions

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

Illuminated Signs

  • Pattison Sign Group

Pattison Food Group

Pattison Media

Television stations

Radio stations

Other media properties

Periodical Distribution

  • 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.[1] 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

Automotive Group

The Jim Pattison Auto Group

Dealerships
  • Audi Edmonton North
  • Jim Pattison Chrysler Jeep Dodge Surrey
  • Jim Pattison Hyundai Coquitlam
  • Jim Pattison Hyundai Northshore
  • Jim Pattison Hyundai Surrey
  • Jim Pattison Lexus Northshore
  • Jim Pattison Lexus Victoria
  • Jim Pattison Subaru Coquitlam
  • Jim Pattison Subaru Northshore
  • Jim Pattison Subaru Victoria
  • Jim Pattison Subaru on Regent
  • Jim Pattison Subaru South
  • 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
  • Jim Pattison Volkswagen Surrey
  • Jim Pattison Volvo of North Vancouver
  • Jim Pattison Volvo of Surrey
  • Canyon Creek Toyota
Body Shops
  • Jim Pattison Auto Body & Glass Surrey
  • Jim Pattison Toyota Surrey Auto Body & Glass
  • Jim Pattison Collision & Glass

Jim Pattison Lease

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

The Jim Pattison Packaging Group

  • GenPak – independent supplier of disposable food service packaging in the US and Canada.[8]
  • 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

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

References

  1. ^ a b "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. Retrieved 26 December 2018.
  2. ^ a b "'#237 Jim Pattison. Founder, Chairman and CEO, Jim Pattison Group". Forbes. 26 December 2016. Archived from the original on 27 December 2018. Retrieved 26 December 2018.
  3. ^ "'Canada's Warren Buffett' Drives His Own Pickup Truck". Bloomberg. 21 December 2016. Archived from the original on 26 December 2018. Retrieved 26 December 2018.
  4. ^ "He's 91 and worth billions. Now Jimmy Pattison is hunting deals". Vancouver Sun. 16 September 2020. Retrieved 20 September 2020.
  5. ^ "Insider Filings, News and Alerts on the Canadian Stock Market". www.canadianinsider.com.
  6. ^ a b Lassonde 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. Retrieved 30 October 2019.
  7. ^ a b Michaels, 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. Retrieved 30 October 2019.
  8. ^ 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.
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