Jump to content

Francesco Aquilini

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by KH-1 (talk | contribs) at 00:42, 31 March 2020 (Reverted edits by 154.5.154.162 (talk) to last version by 24.137.200.13). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Francesco Aquilini (born 1969) is a Canadian businessman, investor, and philanthropist. He is a managing director of Vancouver-based Aquilini Investment Group,[1] the parent company of several diverse subsidiaries. The company is best known for its ownership of the Vancouver Canucks and Rogers Arena, where Aquilini sits as Chairman and NHL Governor. Francesco is also chairman of Canadian digital media company Enthusiast Gaming.

Early life and family business

Francesco Aquilini was born and raised in Vancouver, British Columbia.[2] Aquilini attended Templeton Secondary School. He went on to graduate from Simon Fraser University with a degree in Business Administration.[1][3] He later earned an MBA from UCLA.[1][3]

His father, Luigi Aquilini, emigrated from Travagliato, Brescia, Italy, to Vancouver in 1953. He started Aquilini Investment Group in the 1960s and is still active in the company operations and decision making. Having come to Canada from Italy in the mid-1950s, Luigi started his own construction company, working in East Vancouver during the 1960s and 1970s. In the 1980s, he bought and sold older buildings in Vancouver, Ontario and Quebec. He then began buying land to build new condominium towers.[4] Francesco and his two brothers, Roberto and Paolo, began working in the company during the 1980s and are now all Managing Directors.

Aquilini Investment Group

Francesco, along with his brothers and father, oversees several subsidiaries:

Vancouver Canucks and Rogers Arena

The Canucks is a professional ice hockey team based in Vancouver. On November 17, 2004, Aquilini purchased a 50% share in Orca Bay Sports and Entertainment (the owners of both the Canucks franchise and Rogers Arena) from John McCaw, Jr.[citation needed] On November 8, 2006, Aquilini purchased the remaining 50% of the Vancouver Canucks and Rogers Arena. In May 2007, Gaglardi and Beedie's civil lawsuit over Aquilini's purchase reached the Supreme Court of British Columbia. The court ruled for Aquilini, on January 10, 2008. The court held that there was no legal partnership between Aquilini, Beedie, and Gaglardi, and that McCaw was free to sell the team to anyone he wished.[5] Aquilini and Gaglardi knew each other from the many joint family events they had attended over the years. Their fathers (Luigi and Bob) were longtime friends and commercial allies. Both families are still majority partners in the proposed Garibaldi At Squamish resort north of Vancouver.[6]

Aquilini Developments

Aquilini Developments, a division led by Dave Negrin, owns and develops real estate. The company is primarily focused on Vancouver and the Lower Mainland, but has holdings across Canada, in the US and Italy. Recent multi-storey residential developments in Vancouver include the King Edward Village,[7] Richards Living tower,[8] and Maynards Block.[9] The company has also built three residential towers around Rogers Arena.[10] Other recent acquisitions include an acre of land in downtown Moncton, NB [11] and a bankrupt golf course and commercial land in Chilliwack, BC.[12]

Aquilini Developments, in partnership with the Gaglardi family, is the proponent of the proposed $2.6B Garibaldi at Squamish resort. The planning and approvals from the project have dragged on since 1996 and community opposition to the project has steadily grown.[13] On March 23, 2010, the BC province stated that the proponents had failed to provide enough information to earn the project a passing grade.[14]

On August 17, 2012 the Vancouver Sun reported rumours that Aquilini was contemplating the acquisition of Abbotsford Entertainment and Sports Centre and the land it occupies.[15]

Aquilini Properties

Aquilini Properties, managed by Don Turple, owns and manages hotels and other income-producing properties across Canada. Aquilini Properties owns five office towers across Canada[16] and has half ownership of Halifax-based Pacrim Hospitality Services, which owns and manages 30 hotels across Canada.[17] These include the Embassy Suites hotel in Montreal,[18] the Holiday Inn Express in East Vancouver, The division also owns all 48 Pizza Hut locations in BC.[19]

The company previously owned one of the largest rental complexes in Canada, the West Edmonton village.[20]

Golden Eagle Group

Golden Eagle Group operates a variety of recreational and agricultural businesses within 5,000 acres (2,000 ha) of prime agricultural land. This is the single largest land holding in the Greater Vancouver Area. This includes two 18-hole golf courses, a western town movie set, real estate, and a 400-acre (160 ha) hardwood tree nursery. The Group also owns and manages one of the world's larger blueberry and cranberry growing and processing operations.[21]

Aquilini Renewable Energy

Aquilini Renewable Energy, led by John Negrin, is looking for opportunities in green energy, including waste-to-power and wind power.[3] The division earned community and media attention for a proposal in 2008 and 2009 to build a petroleum waste reduction and recycling plant near Christina Lake, a lake that is popular with summer vacationers.[22]

Aquilini Brands

Aquilini Brands, the consumer products arm of the Aquilini Group, has been led by its current CEO Robert T. Chin since June 2019. The division was formed in 2009 under a previous leadership team which created the division's first consumer offering in Bassano Soda, a ready-to-drink (RTD) vodka-based refreshment beverage inspired by classic Italian sodas, and sold only in Canada. Since then, the company has created other RTD's and table wines, also sold only in Canada, but are now entering the US market with a focus on sourcing from the prestigious Red Mountain AVA (in Washington State). Their wine portfolio will leverage the family's rich history in agriculture, and an unbridled commitment to making great tasting wines. They recently achieved success with their first brand in a major premium US grocer's stores, and plan to introduce more brands in 2020. The company's US headquarters are in Seattle, Wa., with the parent company office being in Vancouver, B.C., Canada.

Personal life and Philanthropy

Francesco is known for his philanthropic work in British Columbia, through both his personal contributions and the charitable organizations founded by his family through their various business ventures.

Francesco is the Chair and primary sponsor of the Italian Gardens (Il Giardino Italiano) in Hastings Park.[23] His company has given significant support to the BC Children's Hospital.[24][25] Francesco is also a regular participant and contributor to the Boys Club Network, which provides mentorship for at-risk young men in BC.[26]

The Aquilini Investment Group also supports land conservation and wildlife habitat protection, including contributing to the purchase of the Codd Wetlands in Pitt Meadows to protect the area.[27] Additionally, a 104 hectare site adjacent to Blaney Bog Regional Park was renamed the Aquilini Land Conservancy to recognize their significant financial contribution that helped permanently protect the area.[23]

Under the Canucks brand, Francesco has hosted many charity groups at Canucks games and supports a number of charitable organizations, including: the Canucks for Kids Fund,[28] to support childhood health and wellness, with specific programs aimed at issues like childhood diabetes;[28] the Canucks Autism Network (CAN), which provides adaptive sports, recreational, social and arts programs for children, teens and young adults living with autism in British Columbia;[28] and the Canuck Place Children's Hospice, which provides care for sick children in BC.[28]

In his early 20s, Aquilini married Dusty Martel, then a local radio personality at CFMI. They had one child but were soon divorced.[29]

See also

References

  1. ^ a b c "Francesco Aquilini, Chairman & Governor, NHL", NHL.com.
  2. ^ "Francesco Aquilini Speaker at WVCC Breakfast March 14, 2007 | Heritage Law Blog". Bcheritagelaw.com. Retrieved 2016-10-27.
  3. ^ a b c "The Breakaway Shot", BC Business, October 9, 2008.
  4. ^ Posted by COS Admin (2009-01-15). "2011 Recipient: Luigi Aquilini – Vancouver : Order of BC". Orderofbc.gov.bc.ca. Retrieved 2016-10-27.
  5. ^ Court feud yields a rare look into Canucks' backroom dealing By Ian Mulgrew. Vancouver Sun, B1. May 8, 2007.
  6. ^ "Archived copy". Archived from the original on 2015-02-14. Retrieved 2012-08-09.{{cite web}}: CS1 maint: archived copy as title (link)
  7. ^ "King Edward Village - King Edward Village Real Estate Information". Kingedwardvillage.ca. Retrieved 2016-10-27.
  8. ^ "Archived copy". Archived from the original on 2012-08-18. Retrieved 2012-08-09.{{cite web}}: CS1 maint: archived copy as title (link)
  9. ^ "HugeDomains.com - MaynardsBlock.com is for sale". Maynards Block. Retrieved 2016-10-27. {{cite web}}: Cite uses generic title (help)
  10. ^ Canada (2012-07-15). "Rental units proposed for Rogers Arena - The Globe and Mail". M.theglobeandmail.com. Retrieved 2016-10-27.
  11. ^ "Vancouver developer buys Moncton properties - New Brunswick - CBC News". Cbc.ca. Retrieved 2016-10-27.
  12. ^ posted May 1, 2012 at 8:00 AM (2012-05-01). "Falls golf resort to be 'resurrected,' says Aquilini - Chilliwack Progress". Theprogress.com. Retrieved 2016-10-27.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. ^ "Archived copy". Archived from the original on 2008-04-11. Retrieved 2012-08-09.{{cite web}}: CS1 maint: archived copy as title (link)
  14. ^ Scott Simpson (2010-05-19). "$2.9 billion Garibaldi at Squamish ski and golf resort troubles regulators | Vancouver Sun". Blogs.vancouversun.com. Retrieved 2016-10-27.
  15. ^ "Fraser Valley abuzz that Vancouver Canucks owner has designs on Abbotsford hockey team, arena". Vancouversun.com. 2012-08-17. Retrieved 2016-10-27.
  16. ^ [1]
  17. ^ [2]
  18. ^ Richard L. Johnson. "Aquilini Group Properties LP Opens 210-suite Embassy Suites by Hilton® in Downtown Montréal / August 2007". Hotel-online.com. Retrieved 2016-10-27.
  19. ^ Hutchinson, Brian (March 2009). "Arrested development". Financialpost.com. Retrieved 2016-10-27.
  20. ^ [3]
  21. ^ "Golden Eagle Group". Geberries.com. Retrieved 2016-10-27.
  22. ^ Proposed facility irks local residents[permanent dead link], Castlegar News, August 18, 2009
  23. ^ a b "Vancouver Canucks Francesco Aquilini - Vancouver Canucks - Team". Canucks.nhl.com. 2007-05-22. Retrieved 2016-10-27.
  24. ^ "Layout 1" (PDF). Retrieved 2016-10-27.
  25. ^ http://www.bcchf.ca/assets/AboutUs/20102011AnnualReport.pdf
  26. ^ "Story of a shattered life: A single childhood incident pushed Dawn Crey into a downward spiral | Vancouver Sun". 2001-11-24.
  27. ^ http://www2.news.gov.bc.ca/archive/2001-2005/2004wlap0029-000448.htm[permanent dead link]
  28. ^ a b c d "Ownership".
  29. ^ http://www.bcbusinessonline.ca/2008/10/09/francesco-aquilini-vancouver-canucks?page=3&#featurelist[permanent dead link]
Sporting positions
Preceded by Owner of Vancouver Canucks
2004–present
(with John McCaw, Jr., 2004–2006) 		Succeeded by
Current owner
Retrieved from "https://en.wikipedia.org/w/index.php?title=Francesco_Aquilini&oldid=948254895"