KINGSWOOD CAPITAL CORPORATION
JOSEPH SEGAL, C.M., O.B.C., LL.D.(HON.)
Joseph Segal, born in Vegreville Alberta, spent 2 ½ years with the Calgary Highlanders & served overseas during the 2nd World War. After settling in Vancouver in 1946 he went into the war surplus business. He then founded Fields Stores Limited. After taking Fields public in 1968 he added to the Fields store holdings by purchasing the 240 franchise retail stores of Marshall Wells wholesale hardware. In July 1976, Fields Stores acquired Zellers and Mr. Segal became Chairman. Over the next 3 years Zellers sales doubled without opening any new stores, and profitability increased substantially. In 1979 Zellers was purchased by the Hudson's Bay Company, and Mr. Segal became a major shareholder and joined the board of Hudson’s Bay.
In 1979 Mr. Segal formed Kingswood Capital Corporation. Kingswood Capital is a Venture Capital provider, a real estate developer & an acquirer of companies for turn around. Kingswood’s first purchase in 1979 was a men’s clothing manufacturer which ultimately became Mr. Jax (Ladies) Fashions. During these years the company acquired many other clothing manufacturing companies.
In 1985, Mr. Segal acquired national retailer Collegiate Sporting Goods from Imasco. In 1986, he merged Collegiate with Sports Experts and became Chairman of both.
In 1988, Mr. Segal was instrumental in the 150 million dollar acquisition of Block Bros., a Western Canadian company in the land development and property investment field which now operates as First National Properties.
Mr. Segal served on the board of Simon Fraser University for over 12 years & was Chancellor for 6 years. In 1989, Mr. Segal was one of the individuals instrumental in establishing the Simon Fraser University Harbour Center downtown campus. This project was a unique example of co-operation between the corporate sector and an educational institution. This was during his period on the Board of Simon Fraser University as Chairman of the University Development Committee. Mr. Segal also chaired the capital campaign, for the creation of the Simon Fraser Wosk Centre for Dialogue, and was also a major contributor. In 2005 the SFU Segal Graduate School of Business opened in downtown Vancouver. The Segal family donated the heritage building for the school, and was a major contributor to the capital campaign.
Kingswood Capital is currently involved in extensive real estate developments in BC, Alberta & Washington, & controls diversified manufacturing companies such as Arpac (steel racking & lift truck distribution), EZ Rect Manufacturing (Steel shelving & gas fired boilers), and Storkcraft Manufacturing (Juvenile furniture). Mr. Segal is also a financial investor in Channel M multicultural television station in Vancouver. In 2005 Mr. Segal converted his Sterling Shoes Corporation (originally purchased from a receiver) into an income trust. Sterling Shoes today operates 120 retail stores under various trade names.
Joseph Segal is undoubtedly a self made man, and an entrepreneur who has never forgotten others. He maintains an open door to people from all walks of life. His family’s selfless generosity is well known throughout the community. In May, 2005 both he and his wife were honored by Variety Club with their highest honor, the International Humanitarian Award. Joseph Segal is still highly involved with and working full time at Kingswood Capital as well as actively sitting on multiple boards of both charitable institutions & businesses.
"It has been said of Joseph Segal - if there is a good and noble cause, he is there."
Order of B.C. Biography
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"Joseph Segal is a leader among entrepreneurs. Legendary for his entrepreneurial vision and industry, he is the quintessential self-made-man, one who has generated wealth and prosperity throughout the region while maintaining his love and generosity for his family and community. We are proud to honour him as a model for entrepreneurs everywhere."
John Cowperthwaite, Director,
Pacific Entrepreneur Of The Year, Ernst & Young.
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"If the Titans [of Vancouver] ever held a popularity contest Joe Segal would win hands down."
Peter C. Newman
Author of Titans: How the new Canadian Establishment seized power