Headquartered in Winnipeg, Manitoba, its subsidiaries include Richardson International, which owns Richardson Pioneer, Richardson Oilseed, and Richardson Milling; Richardson Centre Ltd; Kingston Midstream; RF Capital Group, which includes Richardson Wealth; Bison Transport; Tundra Oil & Gas; and Wynward Insurance, as well as its philanthropic arm, the Richardson Foundation.[2]
Founded in 1857 by the eponymous James Richardson, it is the heart of the Richardson family dynasty.[3][4]
James Richardson & Sons owns Richardson International Ltd. (formerly James Richardson International), the leading agribusiness of Canada, as well as three companies operated under Richardson.[2][5][6] Headquartered in Winnipeg, Richardson handles and merchandises Canadian-grown grains and oilseeds, and is a vertically-integrated processor and manufacturer of oats and canola-based products.[5]
One division of Richardson International is Richardson Pioneer Ltd. With its network of high-throughput agribusiness centres in western Canada, it offers such services as seed selection, crop planning, and agronomic support during the growing season.[7][8]
Richardson Oilseed Ltd., another division, works with canola-based products and is fully integrated through the entire canola supply chain. It is one of the oldest and largest fully-integrated crushing, refining, processing, and packaging operations in Canada.[9][10]
The last division, Richardson Milling Ltd., is a global oat miller with the "most extensive oat supply network in North America."[11][12]
Winnipeg (head office) — provides accounting, communications, and land administration in support of the other offices.
Virden, Manitoba (field office) — oversees daily operations of Tundra's wells and facilities. It provide technical support for all drilling, completions, and "well tie-in activity;" engineering support for "facilities optimization, surface leasing, supply chain management, environmental activities, production accounting, human resources, local information services, and coordination of the company’s safety program."
Kingston Midstream Ltd. (formerly Tundra Energy Marketing Ltd., TEML, until 2019) is a midstream oil and gas company focusing on the movement, storage, marketing, and distribution of petroleum products (crude oil).[15][16]
Its pipeline business consists of 2,328 kilometres (1,447mi) of pipeline gathering systems that transport crude oil from the Williston Basin in Manitoba and Saskatchewan. The systems in Manitoba include those in Cromer, Waskada, and Virden, which deliver product to the Cromer Terminal. which in turn is delivered to the Enbridge Mainline System or to Kingston Midstream’s Rail Loading Facility.[17]
TEML was incorporated in 2011, and began operating as a wholly-owned subsidiary of Tundra Oil & Gas in 2012. In 2013, it acquired EOG Resources' stake in the Waskada pipeline. In 2015, TEML acquired the Virden System from Enbridge for $26 million; and in 2016, it completed the acquisition of the Enbridge Saskatchewan Pipeline System for $1.07 billion. In 2019, TEML was renamed Kingston Midstream, named after Kingston, Ontario, where JRSL was founded.[16]
It also used to own Richardson Securities (later Richardson Greenshields), the last of Canada's large independent brokerage houses, which was acquired by RBC Dominion Securities in 1996.[18]
RF Capital Group
Richardson Wealth (known as Patrimoine Richardson in Quebec; formerly Richardson GMP) is one of the leading independent wealth management firms in Canada.[19][20]
It is owned by RF Capital Group Inc. (formerly GMP Capital Inc.), a public company listed on the Toronto Stock Exchange (TSX) whose sole focus is on growing Richardson Wealth.[20]
History
RF Capital was founded in 1995 as Griffiths McBurney & Partners, and became GMP Capital Corp. in 2003, when it went public in a $110,000,000 IPO.[20]
In 2005, GMP Capital began operations of its private wealth management firm, GMP Private Client L.P. In 2009, GMP Private Client L.P. combined with Richardson Partners Financial Ltd to form Richardson GMP, creating "one of Canada's pre-eminent, independent wealth management firms."[20]
In 2013, Richardson GMP significantly expanded its business scale upon its acquisition of Macquarie Private Wealth Inc. (Canada) for $132 million. On 26 September 2016, RF Capital (then GMP Capital) completed its acquisition of FirstEnergy Capital Corp. On 6 December 2019, GMP Capital completed the sale of its capital markets business to Stifel Financial, as well as intending to consolidate 100% of ownership in Richardson GMP under GMP.[20]
On 6 October 2020, GMP Capital changed the company name to RF Capital Group Inc. Fourteen days later, GMP Capital completed consolidation of Richardson GMP under GMP, and on November 16, Richardson GMP began operating as Richardson Wealth.[20]
Insurance Business Magazine’s annual list of Five-Star Carrier ranks Wynward as second among Canada's top-performing insurance carriers.[21]A.M. Best Company gave Wynward a "Financial Strength Rating" of 'A' and "Issuer Credit Rating" of 'a'.[23]
As a "leading asset-based freight solutions provider with a network of terminals throughout North America," Bison has a fleet of more than 2,100 tractors and 6,000 trailers, and is one of the largest carriers in Canada today.[25] JRSL announced its acquisition of Bison in 2021.[26]
Richardson Centre, owned by Richardson Centre Ltd., is a complex located at Winnipeg's Portage and Main intersection that includes the 34-storey Richardson Building, the Richardson Centre Concourse, the Richardson Centre Parkade, and the 8-storey office building at 161 Portage Avenue East. The Richardson Building, in particular, serves as the headquarters of James Richardson & Sons Limited and its subsidiaries.[27]
1965 was when JRSL first announced plans to build the complex on the corner of Portage and Main. The complex opened in 1969.[26]Property management and operation of Richardson Centre is the responsibility of BentallGreenOak.[27]
The Richardson Foundation Inc. is the philanthropic arm of James Richardson & Sons and its affiliated companies in Canada, and is the channel through which these companies make their charitable donations.[28][29][30]
In 1867, the company purchased its first schooner ship to transport grain from Canadian farmers to American buyers. By 1868, James Richardson and Sons acquired enough capital to purchase a wharf and warehouse on the Kingston waterfront. Richardson began building their first grain elevator in 1882 in Kingston, which was finished in 1883 whereupon the company began shipping across the prairies on the newly-completed Canadian railway.[26] Also in 1883, James Richardson became the first to arrange the initial shipment of wheat from western Canada through the lake system to Liverpool, England. Another elevator was built at Neepawa, Manitoba, in 1890.[16] By this time, JRSL had hired its first female employee.[26]
In the 1890s, the company relocated to Winnipeg Grain Exchange.[18] In 1897, George opened a branch office in Toronto. Soon after, in 1910, James Richardson and Sons opened a location in Vancouver, followed shortly by Calgary, Saskatoon, Medicine Hat, and Lethbridge.[16] In 1912, George's son, James Armstrong Richardson (I), was made Vice-President of the company. The following year, JRSL established the Pioneer Grain Company Ltd. to operate the company's expanding collection of western country grain elevators.
In 1917, JRSL constructed Richardson Terminal in Port Arthur. The Terminal would unload its first railcar of grain from the Prairies on 3 January 1919.[16] Also that year, James Armstrong Richardson Sr. became President of the company.
In 1925, James Richardson & Sons established a radio station in Moose Jaw with the call sign CJRM-AM. The radio business was exited in the 1940s, and is now 620 CKRM in Regina.[32] In 1926, JRSL joined the Montreal Stock Exchange and a year later, acquired the Wall Street brokerage of E. A. Pierce & Co.[26]
Following James Armstrong's unexpected death in 1939, his wife Muriel Sprague Richardson became JRSL's fifth President in 1940. As the first woman to run a major Canadian corporation,[18] she oversaw JRSL's operations for the next 27 years.[26] In 1954, JRSL established Marine Pipeline Construction of Canada in Calgary, which would later go on to build the first 42-inch pipeline and the first commercial natural gas pipeline north of the 60th parallel.[26] At the height of the Cold War, JRSL was able to land a $20-million grain sale to China, ending a long-standing ban by the Communist government on Western imports.[18]
James and Muriel's son, George Taylor Richardson (GTR; named after his uncle), was appointed president in 1966, while his elder brother, James Armstrong Richardson Jr., was named chairman (later becoming a minister in the Pierre Trudeau government). Soon after, the company began putting its efforts towards repatriating the Hudson's Bay Company (HBC), which was still chartered as a British corporation, with its board based in London. Upon the consummation of the deal, on HBC's 300th anniversary, GTR became its first Canadian governor. (In 1979, however, the Richardson family ultimately sold their holdings for $38.50 per share.)[18][3]
With GTR's retirement as CEO in 1993, his son Hartley Richardson took the lead, with his cousin James Armstrong Richardson Jr. as vice-president.[4] In 1999, James Richardson International acquired Canbra Foods Ltd., a fully-integrated canola processing and packaging facility in Lethbridge, Alberta.[26]
Churchill is a town in northern Manitoba, Canada, on the west shore of Hudson Bay, roughly 140 km (87 mi) from the Manitoba–Nunavut border. It is most famous for the many polar bears that move toward the shore from inland in the autumn, leading to the nickname "Polar Bear Capital of the World" that has benefited its burgeoning tourism industry.
Agricore United was a farmer-directed agribusiness in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. It was headquartered in Winnipeg, Manitoba. Its shares were publicly traded on the Toronto Stock Exchange (TSX) under the symbol "AU" until June 15, 2007, when it was taken over by the Saskatchewan Wheat Pool. Agri-business giant Archer Daniels Midland (ADM) had a 28% stake in the company at the time of the takeover.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products.
James Armstrong Richardson Jr. was a Canadian Cabinet minister under Pierre Trudeau and a Winnipeg businessman.
The Canada Life Assurance Company, commonly known as Canada Life, is an insurance and financial services company with its headquarters in Winnipeg, Manitoba. The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies. The company is a wholly owned subsidiary of Great-West Lifeco.
St. Andrews is a rural municipality in Manitoba, Canada. It lies west of the Red River; its southern border is approximately 8 kilometres (5.0 mi) north of Winnipeg.
Plains All American Pipeline, L.P. is a master limited partnership engaged in pipeline transport, marketing, and storage of liquefied petroleum gas and petroleum in the United States and Canada. It owns interests in 18,370 miles (29,560 km) of pipelines, storage capacity for about 75 million barrels of crude oil, 28 million barrels of NGLs, 68 billion cubic feet of natural gas, and 5 natural gas processing plants. The company is headquartered in the Allen Center in Downtown Houston, Texas.
Petroleum production in Canada is a major industry which is important to the economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
James Armstrong Richardson Sr. was an influential business person in Canada in both business and aviation during the early part of the 20th century. He lived most of his life in Winnipeg.
The Saskatchewan Wheat Pool was a grain handling, agri-food processing and marketing company based in Regina, Saskatchewan. The Pool created a network of marketing alliances in North America and internationally which made it the largest agricultural grain handling operation in the province of Saskatchewan. Before becoming Viterra, SWP had operated 276 retail outlets and more than 100 grain handling and marketing centres. The Saskatchewan Wheat Pool operated under the name of AgPro in the prairie provinces of Manitoba and Alberta. Begun as a co-operative in the 1920s, the company became a publicly traded corporation in the 1990s. After the 2007 takeover of its competitor, Winnipeg-based Agricore United, the Pool name was retired. The merged company operated under the name Viterra until 2013, when it was acquired by Glencore International.
Canadian Airways Limited was a Canadian regional passenger and freight air service based in Winnipeg, Manitoba.
Richardson International Limited is a privately held Canadian agricultural and food industry company headquartered in Winnipeg, Manitoba. The company is one of several companies that are owned by James Richardson & Sons Limited. The company is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically-integrated processor and manufacturer of oats and canola-based products. Richardson has over 2,500 employees across Canada, the U.S. and U.K. Richardson International is a subsidiary of James Richardson & Sons, Limited, established in 1857.
Henry Westman Richardson was a Canadian businessman and Senator.
Western Canada, also referred to as the Western provinces, Canadian West or the Western provinces of Canada, and commonly known within Canada as the West, is a Canadian region that includes the four western provinces just north of the Canada–United States border namely British Columbia, Alberta, Saskatchewan and Manitoba. The people of the region are often referred to as "Western Canadians" or "Westerners", and though diverse from province to province are largely seen as being collectively distinct from other Canadians along cultural, linguistic, socioeconomic, geographic, and political lines. They account for approximately 32% of Canada's total population.
The economy of Manitoba is a market economy based largely on natural resources. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy. Other major industries are transportation, manufacturing, mining, forestry, energy, and tourism.
CentrePort Canada is a tri-modal dry port and Foreign Trade Zone located partly in northwest Winnipeg, Manitoba and partly in the Rural Municipality of Rosser, and situated adjacent to the Winnipeg James Armstrong Richardson International Airport (YWG). With 20,000 acres (81 km2) of industrial land, it is the largest tri-modal inland port and foreign trade zone in North America.
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada ; there is also a natural gas processing business that takes place at the Cutbank Complex. Western Canada is the source of all the product transported by its systems. Some of the pipelines and facilities have short term contracts with oil producers while others are long term. For 37 years until 1997 when it went public and established itself as a trust, Pembina was a regular privately owned business. On October 1, 2010 it converted to a corporation from a trust, changing its official name from Pembina Pipeline Income Fund to Pembina Pipeline Corporation. As of 2016 the company had more than 1260 employees, up from 427 in 2010. The company's total assets nearly doubled in 2017.
James Richardson was a Canadian businessman, founder of James Richardson and Sons, Limited, politician, and a colleague and personal friend of Sir John A. Macdonald. James had two sons: George Armstrong Richardson and Henry Westman Richardson.
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