Michael Andlauer Biography: Michael Andlauer, a well-respected billionaire and longtime Montreal Canadiens supporter, is acquiring the Ottawa Senators and joining the expanding cast of key characters in the LeBreton Flats saga.
Michael Andlauer’s tenure as owner of the Senators is supported by his extensive commercial experience and sound hockey foundation. Andlauer’s passion for the sport propelled him to extraordinary heights.
Michael Andlauer Biography
Michael Andlauer Net Worth In 2023
With more than 35 years of experience in the Canadian transportation industry, Michael Andlauer is a household name. As a result of his numerous commercial ventures, Andlauer has amassed an estimated net worth of $1.2 billion.
As of 2023, Andlauer will be in control of over 35 businesses, demonstrating his keen business acumen and ability to oversee a vast array of enterprises. His beginnings in the transport industry can be traced back to his time as a college student working part-time at Day and Ross Transport.
In 1991, Andlauer founded ATS Andlauer Transportation Services Inc., the predecessor to ATS Healthcare. This company’s prominence within the transportation and logistics industry is merited. In addition, he founded ALS, which is now known as Accuristix, in 1994, enhancing his stature in the industry.
In 2009, Andlauer made a wise investment by purchasing shares in the legendary National Hockey League team the Montreal Canadiens, who have won 24 Stanley Cups.
With a consortium led by Geoff Molson, Andlauer became a co-owner of the Canadiens, Bell Centre, and Gillett Entertainment Consortium (now known as Evenko). According to reports, Andlauer contributed approximately $28 million to the transaction as part of the ownership group.
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Other Businesses And Real Estate
Michael Andlauer is passionate about hockey outside of the workplace. Since 2003, he has been actively involved with the American Hockey League’s Hamilton Bulldogs. After initially sharing ownership with others, he ultimately became the sole owner until 2015.
In 2015, Andlauer sold the Hamilton Bulldogs to the Montreal Canadiens before purchasing the Belleville Bulls of the Ontario Hockey League and rebranding them as the Hamilton Bulldogs.
Andlauer is the current chief executive officer and a director at his company. He founded Andlauer Management Group (AMG) in 1994 to manage transportation and logistics enterprises in the Canadian healthcare industry.
In 2019, Andlauer Medical Group (AMG) established Andlauer Healthcare Group (AHG) as a subsidiary. Bringing together formerly distinct businesses in the healthcare supply chain. AMG will continue to retain a majority stake in AHG following the IPO.
Michael Andlauer is the Canadiens’ alternate governor in addition to his duties in the transportation industry and with other hockey teams. In his new position, he can advocate for the team’s interests and weigh in on NHL governance matters. The wealth and extensive business and hockey experience of Michael Andlauer have enabled him to substantially impact multiple fields.
