CALGARY — Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday.
Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was “deeply saddened” by the news.
Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta government-owned lender.
In 2000, he helped found Tristone Capital Global Inc., an energy investment firm which he and his partners sold in 2009 to Australia’s Macquarie Group for about $130 million.
Gosbee served as vice-chairman of Alberta Investment Management Co., which manages $90 billion in provincial government pension funds, for eight years.
AltaCorp says president Paul Sarachman will assume the role of CEO.
The Canadian Press
Nov. 13, 2017, 03:01 PM
CALGARY, Nov. 13, 2017 /CNW/ – It is with great sorrow that AltaCorp Capital Inc. (AltaCorp) advises its clients, business partners and the investment community that George Gosbee died suddenly yesterday. George was a force in the investment community and his loss will be felt by many.
AltaCorp’s board of directors and executive team have met and are taking appropriate steps to address the regulatory, corporate and legal requirements arising from this tragic event. As part of AltaCorp’s previous succession planning, Paul Sarachman will assume the role of Chief Executive Officer to ensure continuity and oversee that it is business as usual under the circumstances. He and the executive team will be addressing all matters requiring the transition of George’s responsibilities over the coming days and weeks.
AltaCorp will further update its clients, business partners and the investment community over the course of the required transition.
On behalf of George’s family, we ask that you respect their privacy during this time of grieving.
About AltaCorp Capital Inc.
AltaCorp Capital provides advisory and institutional services including Corporate Mergers & Acquisitions, Equity Financings, Debt Capital Markets, Acquisitions & Divestitures, Equity Research and Sales & Trading, to corporations driving Western Canada’s key economies: Energy, Agri-Industry, and Energy Infrastructure & Industrials. AltaCorp is in a strategic partnership with ATB Financial, Alberta’s largest financial institution with assets over $37.7 billion. ATB provides Commercial Lending, Business & Agriculture Industry Banking, and Retail and Investment Services. AltaCorp Capital is a member of IIROC, CIPF, FINRA, and SIPC.
SOURCE AltaCorp Capital Inc.