Net Worth Of Michael Andlauer

4 months ago

Net Worth Of Michael Andlauer

Michael Andlauer is a French-born Canadian businessman and entrepreneur known as Andlauer Healthcare Group’s CEO.

With a passion for hockey and a successful career in the healthcare supply chain industry, Andlauer has become a prominent figure in business and sports.

Recently, he also made headlines for his purchase of the Ottawa Senators.

Early Life & Education

Michael Andlauer, now 57, was born in 1966 in Toulouse, France. He moved to Montreal, Canada, with his mother at a young age.

Growing up in a modest household, Andlauer developed a deep love for hockey and the Montreal Canadiens. His passion for the sport would later shape his career path.

Andlauer attended York University in Toronto, pursuing a business administration and management degree. However, his ambitions in the transportation industry led him to drop out of university and embark on his entrepreneurial journey.

Personal Life

Michael Andlauer is a happily married man. He is married to Lucie Andlauer. Lucie is actively supporting Michael’s business ventures, standing by his side as he navigates the challenges of entrepreneurship.

Together, they have built a successful life and created a nurturing environment for their three children, including Matthew, Michael Jr., and Alexie.

Career

Andlauer began as a part-time employee at McCain Foods Limited in Toronto. However, he quickly recognized an opportunity in the transportation industry and founded his trucking company, ATS Healthcare, in 1991.

Specializing in pharmaceutical transportation, ATS Healthcare became a major player in Canada’s healthcare transportation industry.

In 1994, Andlauer founded Associated Logistics Solutions (Accuristix), a healthcare logistics firm providing warehousing and distribution services to pharmaceutical manufacturers and retailers.

He also established Bulldog Capital Partners, a private equity firm focused on investing in transportation and logistics companies.

In 2019, Andlauer created Andlauer Healthcare Group (AHG), a publicly traded company that brings together various specialized healthcare supply chain companies.

AHG owns multiple companies, including ATS Healthcare, Accuristix, Calea Ltd., Cura Pharmacy Ltd., Maratek Environmental Inc., Pharmachoice Inc., and Thermo Nuclear Services Inc.

Andlauer’s love for hockey led him to become involved in hockey ownership. In 2003, he became a co-owner of the Hamilton Bulldogs, an American Hockey League (AHL) team. Over time, he became the majority owner and led the team to win the Calder Cup championship 2007.

In 2015, Andlauer sold the AHL Bulldogs to the Montreal Canadiens and purchased the Belleville Bulls of the Ontario Hockey League (OHL).

He relocated the team to Hamilton and renamed them the Hamilton Bulldogs. Under his ownership, the OHL Bulldogs won the OHL championship in 2022.

Andlauer also holds ownership as a part-owner and alternate governor in the Montreal Canadiens. His deep connection to the Canadiens stems from his childhood admiration of hockey legend Guy Lafleur.