Amar Doman Biography – Amar Doman Wiki
Amar Doman is a British Columbia entrepreneur and the new owner of the CFL’s B.C. Lions. He is the founder and sole shareholder of The Futura Corporation, one of British Columbia’s largest privately-owned companies. He is also the Chairman and CEO of Doman Building Materials Group.
At the age of 18, Amar passed on the university to start his first company, First Class Lumber Remanufacturing, with a loan of $10,000 from his mother, Jaswant. After acquiring a succession of specialty lumber treating plants, Amar bought CanWel Building Materials in 1999 from sawmill operators Canfor and Weldwood. CanWel which Amar took public in 2004, has been renamed Doman Building Materials, is now one of North America’s largest producers of pressure treated lumber and is a fully integrated international distributor of building materials. Headquartered in Vancouver, British Columbia and trading on the Toronto Stock Exchange under the symbol DBM, the company owns and operates 29 distribution centres, 32 pressure treated facilities, 5 specialty saw mills, 4 specialty lumber planing mills, 3 truss plants and 2 post/pole plants throughout the United States and Canada.
Additionally, the company owns approximately 117,000 acres of private timberlands, strategic licenses and tenures, log harvesting and trucking operations in B.C.’s interior. As at August 2021, , the company has over 2,500 employees. Amar remains the largest and controlling shareholder of Doman Building Materials Group and is the company’s Chairman and CEO.
Doman is also the largest and controlling shareholder and Executive Chairman of Tree Island Steel. Headquartered in Richmond B.C., Tree Island is a North American manufacturer and supplier of premium quality nails, steel wire and wire products used in industrial, commercial, residential construction and the agricultural industry.
Founded in 1964, The Company operates 4 wire mills in California, British Columbia and Alberta. Tree Island’s products include bright, galvanized and annealed wire, fasteners including packaged, collated and bulk nails and stucco reinforcing products including mesh, fence and other fabricated wire products.
As the founder, President and CEO of his privately held The Futura Corporation, Doman invests, owns and operates various enterprises including real estate. A passionate British Columbian, Amar is former director on the national board of the Heart and Stroke Foundation of Canada, is an Ernst & Young Entrepreneur of the Year award winner in the (West) Business category and has served as a director of a number of industry related associations. A noted philanthropist, Amar is also a mentor to young British Columbian entrepreneurs, has guest lectured on business topics on Vancouver campuses and donates his time to the local charities that he supports.
Amar Doman BC Lions
Amar S. Doman is the new owner of the CFL’s B.C. Lions. He purchased the BC Lions in August 2021, the team announced on August 18, 2021. The Victoria-born businessman has been a fan of the CFL club since he was 10 years old.
“I’m thrilled and excited by the opportunity before us, to build a winning team on the field, to be a positive force for a better British Columbia off the field, and to provide a great experience for our fans and our partners every step of the journey,” Doman told reporters. “The Lions are part of the fabric of this great province. I’m honoured to take on this role because of our team’s history. But I’m motivated, most of all, by the future I see ahead for this franchise. I am extremely excited to get started.”
He purchased the Lions from the estate of previous owner David Braley, the business icon and Canadian Football Hall of Famer who passed away on 26 October 2020 at the age of 79.
“Amar Doman is exactly the owner that David Braley wanted for the future of the BC Lions, a team he was proud to own and that he deeply loved,” said Grant Panchyson, Executor of David Braley’s estate. “A resident of the Lower Mainland, Amar Doman’s family has been in BC for more than 100 years, operating successful businesses throughout the province. I’m excited to see the team move forward.”
“This is a great day for British Columbia, for the Lions and for the Canadian Football League,” said Randy Ambrosie, Commissioner of the CFL. “On behalf of our Board of Governors, and our fans across the country, I want to welcome Amar and his family to the CFL family. I have every confidence he will be a strong owner who will make this franchise, and our league, stronger.”
Ambrosie publicly thanked everyone who has worked hard to maintain the franchise in the wake of Braley’s passing.
“The support and patience shown by David’s estate, led by Grant, the hard work of Lions’ President Rick LeLacheur and the Lions’ staff, and the dedication of the players, coaches and the entire football operation, especially as we all navigated the challenges presented by the pandemic, are all a testament to David’s legacy and his vision for the future,” he said.
“Now, the future has arrived in the person of Amar Doman. We look forward to working with him to move this great franchise forward and to help us build the Canadian Football League of the future.”
Amar Doman Age
Amar Doman was born in Victoria, British Columbia.
Amar Doman Wife
Who is Amar Doman’s wife? Amar Doman is married to Natallie Doman, an interior-designer.
Amar Doman Children
Amar Doman has three children with his interior-designer wife, Natallie Doman. As parents, Amar and Natallie Doman are keen to pass on the spirit of giving to the next generation.
“Having three very young children reinforces our belief in giving back in many ways, including to the Heart & Stroke Foundation,” said Natallie. “Being able to help others is a goal that we both believe in, and we feel blessed that we have the ability to do so.”
Amar Doman Parents
Amar Doman is the son of Ted Doman and Jaswant. His father, Ted, had a serious heart attack at the age of 40 and open-heart surgery in the 1970s saved his life.
“He again had several attacks and since then has also had a stroke, each time recovering fully thanks to the science and research done by the fine doctors and, of course, the Heart & Stroke Foundation,” Amar told BCBusiness. Amar was a director on the charity’s national board from 2011 to 2013. He and his wife donated $250,000 in 2012.
Amar Doman Family
Amar Doman is the son of Ted Doman and Jaswant. He is the nephew of Herb and Gordon Doman. His immigrant grandfather worked as a logger on Vancouver Island, and the next generation of sons followed him into lumber: Doman’s father, Ted, worked with brothers Herb and Gordon to form Doman Industries Ltd., in the 1950s, which blossomed into a multi-billion-dollar firm (which was restructured under bankruptcy protection in 2002, to re-emerge in 2004 as Western Forest Products). In the 1970s, Ted also started Futura Building Materials.
Doman is proud of his South Asian heritage and how his grandparents came to Vancouver Island in 1906. He told BCBusiness: “It took my grandparents a big effort to leave India and come here, so it’s my duty to the family to push, to keep growing and to leave a legacy.”
Amar Doman Net Worth
Amar Doman’s net worth is unclear. His total compensation as the Chairman of the Board and Chief Executive Officer of CanWel Building Materials is CAD$901,500, according to Wallmine.
Is Amar Doman related to Herb Doman?
Yes. Amar Doman is the nephew of Herb Doman. Herb died at the age of 76 in July 2007 in the southern Vancouver Island community of Duncan. The son of Sikh immigrants, Herb built Doman Industries Ltd. from a one-truck hauling operation in 1955 into a sprawling forestry empire on Vancouver Island and the B.C. coast. Doman Industries had 6,000 employees at its peak, but over-expansion pushed the company deep into debt and Doman himself suffered strokes in 1997 and 2000, forcing him to turn the operation of the company over to his son, Rick Doman.