Sam Simon (businessperson)

Sam Simon is an Armenian-American businessperson. Simon is the founder of Atlas Oil, which is a portfolio company of Simon Group Holdings. He is also the owner of the Halifax Mooseheads and shareholder of the Ipswich Town Football Club.

Early life

Sam Simon's family is of Armenian descent. They emigrated to Detroit from Iraq via Lebanon in 1973, when Sam was nine years old.[1] The family received $200 from the Armenian Catholic Church to help fund their flights to America, which Simon helped pay off by working neighborhood jobs and assisting his father, Ramzi, at a local gas station.[2] Eventually, Simon's father founded an ice sales business through the gas station. The company became the second largest ice distributor in Michigan, expanding its clients to bars, marinas, drug stores, party stores, and other service stations. The Simons sold the ice business and purchased a closed gas station, which grew to a chain of additional stations.[3]

Atlas Oil

Simon founded Atlas Oil in 1985 at the age of 19,[1] with a single delivery truck[4] that he purchased with a $30,000 cash advance on his credit card.[5] The company is held under Simon Group Holdings (SGH), which houses Simon's interests in diversified energy, real estate, aerospace and defense, sports, media, and entertainment, as well as wines and spirits.[2] Atlas is headquartered in Houston. In 2014, Atlas delivered about 1 billion gallons of fuel annually to both commercial and retail customers, including Marathon, Clark, CITGO, Phillips 66, and Valero. They also provide crude hauling and transloading, as well as renewable fuels, including ethanol, biodiesel, and diesel exhaust fluid.[5] Atlas is also involved in emergency fueling, including aiding in disaster relief efforts after Hurricane Florence, Hurricane Michael,[6] and Superstorm Sandy. Other clients have included data centers, hospitals, corporate headquarters, cell towers, and energy plants.[7] As of 2023, Atlas Oil has approximately 700 employees and several billion dollars a year in sales.[8]

Simon Family Estate

Sam Simon joined The Napa Valley Reserve in 2003.[9] He then founded Simon Family Estate with Maayan Koschitzky as the winemaker in 2017, releasing their first vintages in 2019.[9][10] Its initial grapes were sourced from St. Helena, Oakville and Coombsville.[11] The winery first focused on Cabernet Sauvignon varietals,[12] with their 2021 Reserve Cabernet Sauvignon being awarded a score of 100 by Decanter magazine. The company acquired Collinetta Vineyard in Napa Valley in February 2025. Its wines are produced at Eleven Eleven Wines, and they have a private tasting salon in Napa.[13]

Sports ownership

In 2023, Simon became the majority owner of the QMJHL hockey team the Halifax Mooseheads. Previous owner, former NHL star Bobby Smith, had said that he was not actively shopping ownership of his team, but made the decision to sell after Simon approached him regarding a potential acquisition of the team. Simon had previously been in the running to purchase the Detroit Pistons twenty years prior.[8] His son, Peter, is involved in the management of the Mooseheads.[8] Simon purchased the remaining 15% of the team in 2024, making the family its sole owners under Simon Sports, a sports investment company of which Peter Simon serves as president. Simon Sports is based in Birmingham, Michigan and holds a portfolio of sports-related investments.[14] That year, Simon Sports became a shareholder and board member of the Ipswich Town Football Club of the English Premier League.[15]

Personal life

Simon received the Ernst & Young Entrepreneur of the Year award in 1999. In 2014, he was appointed to the National Petroleum Council by Secretary of Energy Spencer Abraham and sat on its advisory board.[5] Simon and his wife, Nada, founded the philanthropic organization the Sam & Nada Foundation.[2] Sam and Nada have twin sons, Michael and Peter.[16]

References

  1. ^ a b Hollingsworth, Paul (February 21, 2023). "Halifax Mooseheads sold to American Sam Simon". CTVNews.
  2. ^ a b c Tom Henderson (May 25, 2018). "Sam Simon". Crain's Detroit Business.
  3. ^ Gino Wickman (2019). Entrepreneurial Leap: Do You Have What it Takes to Become an Entrepreneur?. BenBella Books. p. 62.
  4. ^ Paul Palmeter (February 21, 2023). "Michigan businessman buys majority ownership of Halifax Mooseheads". CBC News.
  5. ^ a b c "Leaders & Innovators: Sam Simon - CBS Detroit". www.cbsnews.com. August 13, 2014.
  6. ^ "Sam Simon Founder and Chairman of Simon Group Holdings". CEO Magazine.
  7. ^ King, R. J. (February 4, 2014). "Simon Says". D Business.
  8. ^ a b c "Bobby Smith sells majority share of Halifax Mooseheads to Michigan businessman Sam Simon | PNI Atlantic News".
  9. ^ a b Kim Westerman (November 30, 2022). "Simon Family Estate Wines And The Transformative Power Of Immigrant Roots". Forbes.
  10. ^ "Our Story". Simon Family Estate.
  11. ^ "2019 Simon Family Estate Cabernet Sauvignon". Chicago Wine Press.
  12. ^ Repanich, Jeremy (March 7, 2022). "How Iraqi and Israeli Immigrants Teamed Up to Create One of Napa's Great New Wine Brands". Robb Report.
  13. ^ "Simon Family Estate Buys Collinetta Vineyard in Coombsville". www.winebusiness.com.
  14. ^ Lombard, Natalie (June 5, 2024). "'We are all in': Michigan-based sports investment firm takes total ownership of Halifax Mooseheads". CTVNews.
  15. ^ "Simon family buys remaining Mooseheads shares to secure 100 per cent ownership | PNI Atlantic News".
  16. ^ Thomas, Louis (February 27, 2025). "Simon Family Estate purchases its first vineyard".