Corporate
The Jim Pattison Group has grown significantly over the years.
Over the history of The Jim Pattison Group, we have successfully concluded over 400 transactions. In fact, other than Jim Pattison's start as an automotive retailer and, by extension, his early entry into the automotive leasing business, most of the companies that comprise The Jim Pattison Group today were added through acquisitions.
In addition, we strongly encourage the management teams of our operating divisions to continue to be on the lookout for acquisitions that would facilitate their entry into new markets, the extension of their product or service offerings, geographic expansion, vertical integration or horizontal growth.
We continue to be actively on the lookout for businesses or companies that might fit into our Group. In addition to always having an interest in growing our existing businesses through acquisition, we are interested in expanding into new industries. Our preferred acquisition criteria for such transactions would include the following:
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The business or company should have a capable management team that is interested in growth, and be operating in an industry with good growth potential;
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The particular business should have (or be capable of attaining) a significant market share, either within the industry as a whole, or in a market niche;
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As a general rule, The Jim Pattison Group does not invest in “start-ups”, and is not interested in making “venture capital” investments, or acting as an “angel investor”;
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The Jim Pattison Group does not invest in, or desire to own, businesses associated with gambling/gaming or liquor/wine/spirits;
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We prefer businesses that are non-regulated, non-cyclical and not technology-focused;
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If possible, we prefer companies with a diversified supplier and customer base;
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We are very cash-flow oriented, but willing to invest (heavily if necessary) to support a well-researched growth plan; and
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From a geographical perspective, while we are prepared to consider overseas acquisitions, especially if it involves an industry in which we are already invested (such as an international entertainment business that might fit into Ripley Entertainment), our focus is primarily on North America.
If you own, operate or work for a business that you believe might be a candidate for acquisition by The Jim Pattison Group, or are aware of company or situation that might be of interest to us, please do not hesitate to confidentially contact Michael Korenberg at the address below, or any other Managing Director at Corporate Office:
Michael Korenberg
Vice Chairman & Managing Director
Tel: 604.688.6764
Fax: 604.694.6919
Email:
