George N. Gillett, Jr. bigraphy, stories - Soccer

George N. Gillett, Jr. : biography

October 22, 1938 -

George Nield Gillett Jr. is an American businessman. Originally from Wisconsin he lives in Vail, Colorado. He is married and has four children.

Other interests

Other former Gillett business interests include:

  • Northland Services Inc. - a marine transportation company
  • Great Northern Bark and Sierra Organics - landscaping and gardening products company

Gillett's other current business interests include:

  • Summit Automotive Partners, an auto dealership group

After junk bonds

Gillett walked away with $32.1 million to restart his business empire when Vail floated on the NYSE. In 1995 he repurchased Packerland undertaken by Booth Creek Management Corp., a company created to oversee the acquisitions and management of interests of the Gillett family from that point forwards, and of which Gillett remains Chairman.

In 1996 he formed Booth Creek Ski Holdings Inc., acquiring or building a range of ski resorts in New Hampshire, California, Washington and Wyoming. He later bought Grand Targhee Ski and Summer Resort, together with several golf courses.

From 1997 he extended his meat interests by building Corporate Brand Foods America (which included ITC, Iowa Ham, Jordan Meats and Wright Bacon). Iowa Beef Processors (IBP) purchased the company for US$550 million in 1999.

Gillett and Hicks, Muse, Tate & Furst then bought ConAgra's beef operations - Swift and Company - for US$1.4 billion in 2000.http://www.meatnews.com/mp/northamerican/dsp_article_mp.cfm?artNum=337&issueMonth=6&issueYear=2002 On July 12, 2007 JBS S.A., the largest beef processor in South America and one of the largest worldwide beef exporters, purchased Swift & Company in a US$1.5 billion all-cash deal. The acquisition made the newly consolidated JBS Swift Group the largest beef processor in the world.

In the meat business, Gillett now also formerly controlled:

  • Petaluma Poultry - natural and organic chicken products
  • Snowball Foods - food processor of turkey and chicken products
  • Kings Delight - food processor of turkey and chicken products
  • B3R Country Meats - processes fresh and frozen natural beef
  • Coleman Natural Products - processes fresh and frozen natural pork products and lamb
  • Gerhard’s Napa Valley Sausage - a producer of gourmet sausage products made primarily from poultryhttp://www.buffalorising.com/2011/10/bills-ownership-rumors-swirl.html

North American sports interests

In 2000 Gillett joined forces with Pat Bowlen and John Elway in a failed attempt to buy the NBA Denver Nuggets, NHL Colorado Avalanche and Pepsi Center. On January 2, 2001 Gillett bought an 80% interest in the NHL Montreal Canadiens and their home arena, Molson Centre, for US$185 million. Prior to the purchase, Gillett had shown interest in the Florida Panthers, New York Islanders, Ottawa Senators, and the Phoenix Coyotes.The Montreal Canadiens:100 Years of Glory, D’Arcy Jenish, p.296, Published in Canada by Doubleday, 2009, ISBN 978-0-385-66325-0 Gillett's bid initially raised fears that he might move the NHL's oldest franchise to the United States. However, after no other viable offers surfaced from Canadian interests, Molson agreed to Gillett's offer. Molson, however, maintained the right of first refusal should Gillett ever sell the team.

On June 20, 2009, the Montréal Canadiens confirmed that Gillett had sold the "Habs", the Bell Centre and the Gillett Entertainment Group, a Canadian-based sports and entertainment promoter, to the Molson Brothers for a reported $550 million (Cdn). The deal was concluded on December 1, 2009.

On August 6, 2007, Gillett bought a controlling interest of the NASCAR team Evernham Motorsports from founder Ray Evernham, thereby forming Gillett Evernham Motorsports. In January 2009, a merger was completed with fellow NASCAR team Petty Enterprises. As a result, GEM was renamed Richard Petty Motorsports. Gillett no longer has a share in the team.

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