"I didn't know it was news," the Windsor, Ontario, resident told Canwest News Service. Carlyle and Zekelman nearly sold them to . Theres a refined elegance to the outside and inside, with solid walnut paneling and flooring, imported limestone, marble and granite. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. Nvidia's upgraded cloud gaming service finally turns Macs into AAA gaming machines. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers. Since buying his first house on Elm Grove Drive in 1997, Zekelman has been fixing up the area at his own cost. The donation represents the lead gift toward the Holocaust Memorial Center's $100 million Comprehensive Campaign. We ask you to keep your comments relevant and respectful. He sold the aircraft. Matlock said as a designer in Windsor for 20 years, shes regularly bought properties as her principle residence, re-invented them, sold them and moved on to her next project. Zekelman, founded in 1877, has never been traded publicly before. (Actually, it is closer to Detroit, USA. Comments may take up to an hour for moderation before appearing on the site. Notion Starts Charging For AI Assistant: Will Microsoft Follow Suit? This site is for entertainment purposes only. Read more about cookies here. The Canadian CEO of steel-tube manufacturer Zekelman Industries, Zekelman has a significant stake in the Trump administration's policies on steel importsand he and his company have spent millions of dollars to advance those interests. & Bloomfield Hills, Mich. Matlock said theyve had inquiries from as far away as Miami, Vancouver and Dubai. She believes there have probably been local homes sold for more than $7 million its just that theyre sold quietly, without advertising and being listed on the multiple listing service. He was the owner of a Gulfstream G550 private jet, with registration N501ZK. The couple has also owned a number of Porsches, Lamborghinis and Ferraris. This advertisement has not loaded yet, but your article continues below. T he Holocaust Memorial Center Zekelman Family Campus announced a donation in the amount of $15 million from the Zekelman family and Zekelman Industries.. So they listed with him in May because he could market it in Toronto, Windsor and beyond Ontarios borders. Barry Zekelman, CEO and Chair of Zekelman Industries joined "Mornings with Maria" Friday to discuss the damage Biden's energy policies has had on the steel industry as the administration looks to . Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. As CEO of JMC Steel Group, the largest privately owned steel pipe and tube maker in North America, Mr. Zekelman buys 2.5 million tons of the stuff a year. And Zekelman Industries made political donations in the United States skirting or possibly violating a ban on contributions by foreigners . Barry Zekelman, whose business is mostly in the United States, funded his own advertising campaign to build public support for his efforts to protect makers of steel tubes in the United States. On the other hand where theres smoke, there is fire ;-). He has donated significant amounts of money to various causes, including healthcare, education, and community development. "The big boat stays in the islands-that's to clear my head and to relax. Here's what you need to know. A trusted Simon School advisor, Zekelman has served on the Executive Advisory Committee since 2010. . Decorated filmmaker Steven Spielberg recently sold, his yacht for about $150 million. These bring her a top speed of 20 knots. Zekelman Industries, a Chicago-based steel pipe and tube manufacturer, reportedly has estimated annual revenue of $2.8 billion and is owned by Canadian CEO Barry Zekelman and his two brothers . Literally, I can do it this afternoon.' The gift is the single largest charitable donation received in the Holocaust Memorial Center's 37-year history. We realize the most organic search traffic of all known yachting websites. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. Makes Sense. A variety of newsletters you'll love, delivered straight to you. Powered by. 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The Zekelman Centre of Business and Information Technology at St. Clair College was officially opened on Wednesday, July 27, 2022. Atlas Tube was founded in 1984 by Harry Zekelman. Zekelman later praised the president for his policies. Would love your thoughts, please comment. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. Zekelman subsidiaries and locations include:[8], Zekelman Industries provides steel tubing to the US-Mexico border wall. Add some good to your morning and evening. It's the second-highest price ever paid for an Arizona home: $13.7 million. Barry Zekelman, chair and CEO of Zekelman Industries, said his family has "always been impressed by the positive and lasting impact the Holocaust Memorial Center has had on millions of lives. Who Is Barry Silbert, The Former Crypto Billionaire That Cameron Winklevoss Is Accusing Of Accounting Fraud? Changpeng Zhao. Sophisticated Waterfront Home in Windsor, Canada - YouTube 0:00 / 2:34 Sophisticated Waterfront Home in Windsor, Canada Sotheby's International Realty 396K subscribers Subscribe 4.3K 284K. Originally, yeah, I started in Canada, 19-years-old, 2,300 employees and we're now the largest steel consumer in the US. Windsor is a multicultural city with a large population of immigrants from around the world, including many from Europe, Asia, and the Middle East. [4] List of wealthiest Canadians (Bloomberg, 22 May 2022) [4] [note 2] World rank. Zekelman now plans to build a new home on six lots on Elm Grove Drive he bought across from the boat shelters. Also not included in this increase figure is Zekelman is expected to request the AFA refund the $1.75 million in contributions. But you know what? . "Zekelman's lobbying effort, detailed last May by the New York Times, included a $1.75 million donation by Wheatland Tube, also a division of Zekelman Industries, to a pro-Trump super PAC in . The sale was first reported by Mansion Global Tuesday, while Bloomberg first reported Friday afternoon that a Zekelman-owned firm was behind the purchase. We make structural steel and pipe products, and we are revolutionizing the off-site construction industry with modular building innovations for creating multi-family housing and facilities for all kinds of companies quickly and efficiently. By CB Staff They also own a vacation home in the Caribbean. Mr. Zekelman, in a settlement deal that his lawyer signed in late March but that was finalized on Friday, also agreed to ask America First Action, which helped support Mr. Trump's 2020 election. Recently, however, Barry Zekelman, the CEO and executive chairman of Zekelman Industries, also dabbled in biotech, co-financing a Boston cancer research startup called CureMeta. They moor their 50-foot twin-turbine-powered 200 mph catamaran speedboat, Outerlimits, at their home on the Ontario side of Lake St. Clair, across from Detroit. Ferrari S.p.A. - A company under Italian law, having its registered office at Via Emilia Est No. She started four years ago by buying two properties for a total of $1.7 million and demolishing the homes to create her a building site with almost 200 feet of unobstructed lakefront. Comments are welcome while open. We reserve the right to close comments at any time. Filings with the Texas agency often show only preliminary plans that can. (Luxury travels of the Billionaire Boys Club). But a few of the older employees helped the young ones along, and we were able to turn around a company that had been losing about $80,000 a month. 2023 Windsor Star, a division of Postmedia Network Inc. All rights reserved. To recover, we adopted a formula of buy for X and sell for Y that after only eight months allowed us to make our first monthly profit of $4,000. Windsor is a city located in southwestern Ontario, Canada, on the southern shore of the Detroit River, across from the city of Detroit, Michigan in the United States. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system. Is that 25 percent duty enough? This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. Her range is 4,750nm. He was born on March 1, 1967. Zekelman races Ferraris and has owned a series of yachts named "Man of Steel. He was entrusted with the family business at quite an early age, taking over the family's steel business at the age of 19. Today, Barry Zekelman leads the largest independent steel pipe and tube manufacturer in North America with sales in excess of $5 billion. They built an amazing and very large new home next to it. We spend a lot of team researching and deeply investigating yacht ownership structures. The public was asked to avoid the area of Ouellette Avenue and Riverside Drive East due to what Windsor police described as an active investigation in the middle of the day on Tuesday. The couple also owns a 50 foot catamaran speedboat named Outerlimits. Notion charges users up to $10 per month to use its AI assistant. Companies controlled by Barry Zekelman a Canadian billionaire and the CEO, chair and owner of Zekelman Industries agreed to pay $975,000 to close an investigation by the FEC into $1.75. Change in rank from 2017: 21 In April 2022, the F. E C. fined Zekelman $975,000 in the case, one of the biggest penalties it has ever assessed.[11]. A section of the centre is shown. House GOP Leaders Stefanik and Scalise Hold Weekly News Briefing Transcript 1 month ago. The MLS currently has 24 houses in Windsor and Essex County listed at $1 million or more. HARROW, Ontario Barry Zekelman, a Canadian billionaire whose business is mostly in the United States, is not a guy who likes to lose or go slow. They sold the company in 2006 for $1.2 billion to the Carlyle Group. Rich 100 rank: #24 (Actually, it is closer to Detroit, USA. St. Clair College is growing again, with a new Zekelman Centre of Business and Information Technology at the school's Windsor campus. Hisnet worth is estimated at $3 billion. Zekelman said he was glad to have a chance to leave college and jump into the steel industry. The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelmancontravened the Federal Election Campaign Act, which prohibits any foreign national from directly or indirectly contributing to any federal, state or local election. Congratulations to Barry Zekelman, our Executive Chairman and CEO, for being inducted into the National Association of Steel Pipe Distributors Liked by Mickey McNamara We are advancing. Canadian steelmagnateBarry Zekelmanand his companieshave been fined the equivalent of $1.2 million Cdn ($975,000 US) over a $2.2-million ($1.75-million)donation to an organization set up to support former U.S. president Donald Trump and candidates aligned with his agenda. The 10,000-square-foot in the tony Phoenix suburb means Zekelman will be neighbors with the likes of former hockey greats Wayne Gretzky and Claude Lemieux, jazz singer George Benson and major league pitcher Randy Johnson. Its unique decor and craftsmanship could rival the treasures adorning the walls of the worlds most prestigious art galleries. Visit our Community Guidelines for more information and details on how to adjust your email settings. We are not sure which jet Zekelman currently owns. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. He calls the neoclassical Georgian mansion on Lakeshores Elmgrove Drive quite possibly Southwestern Ontarios finest residence. And it can be yours close to 200 feet of Lake St. Clair shoreline, Versailles-like landscaping, pool with attached waterfall hot tub, and 9,600 square feet of absolute luxury inside for $6,995,500. Zekelman Industries is a Canadian company owned by the Zekelman family, including billionaires Barry, Clayton, and Alan Zekelman. Jun 9, 2010 Barry Zekelman, Windsor Billionaire. Carlyle and Zekelman nearly sold them to Novolipetsk Steel (NLMK) for $3.5 billion in 2008, but the deal fell through in late 2008, with DBO/Carlyle suing NLMK for breach of contract. Barry Zekelman's fine is the third-largest ever levied by the U.S. Federal Election Commission, according to Campaign Legal Center, which filed the complaint three years ago Author of the article . Barry gets a little rambunctious around the water! This is not THE most expensive home in the city, she said. With four bedrooms, there are lots of houses that size in Southwestern Ontario, said Pettigrew. We are proud to support women who have careers in manufacturing! [9] A Zekelman Industries subsidiary, Wheatland Tube, donated $1.75 million to the America First Action super-PAC to elect Donald Trump, a financial maneuver considered questionable for a foreign citizen. Indeed, just down the road Barry and Stephanie Zekelman are in the starting stages of a lakefront mansion thats expected to outshine any other, and there are other homes nearby that would probably be at least as expensive as the Matlock property, Matlock said. Sign up to receive daily headline news from the Windsor Star, a division of Postmedia Network Inc. A welcome email is on its way. The Zekelman Foundation has agreed to partner as the Platinum sponsor, giving them naming rights of the housing initiative. According to theNew York Times,Zekelmanand his wife were invited to a private dinner with Trumpafter the donations were made. (Actually, it is closer to Detroit, USA. North America's largest steel-tube manufacturer run by Canadian billionaire Barry Zekelman. The company had 5 employees at that moment. Daily Kickoff: Meet Georgias only Jewish state legislator + Jeffrey Rosen on the podcast, Daily Kickoff: Hair salon siege in Tel Aviv, Daily Kickoff: Taylor Force Act, round two + Vermonts Welch on Israel visit, Daily Kickoff: Congress to push for official Abraham Accords ambassador, Daily Kickoff: Violence flares in West Bank + Rand Pauls Homeland Security position, Daily Kickoff: Sen. James Lankford on the risks of the U.S. pivoting from the Middle East, Daily Kickoff: Interview with new Maryland Gov. He added that in his opinion, the tariffs could be even higher. where Zekelman finds a brief escape from the everyday-where he can don his Z-emblem speedster like a $2 . The latest Baseball Hall of Famer? The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. Picoma became part of JMC in 2009. He made headlines when he was captured on a secret recording of a 2018 Trump donor dinner, bending the president's ear about the steel business. 1163, Modena, Italy, Companies' Register of Modena, VAT and Tax number 00159560366 and share capital of Euro 20,260,000 Lakeshore officials broke ground Tuesday on an expanded wastewater treatment facility to help the growing municipality increase capacity and restart development after a pause on new builds started in 2020. [2], In 20062008, the Carlyle Group purchased John Maneely Co (founded in 1877) for $550 million,[3] then purchased Atlas Tube, and Sharon Tube (founded in 1929), forming them into JMC Steel Group under DBO Holdings. I have family there, and I've wanted a home there for many years, and that was it.". That sale never materialized, but Pettigrew then heard talk they might sell and solicited them about six months ago. Barry Zekelman - $2.78 billion Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. Canadian steel magnate Barry Zekelman and his companies have been fined the equivalent of $1.2 million Cdn ($975,000 US) over a $2.2-million ($1.75-million) donation to an organization set up. Pseudonyms will no longer be permitted. Matlock said she and her husband only became interested in selling when someone locally made inquiries about a year ago. Hes attacking the problems that should have been attacked for many years, Mr. Zekelman, 52, said of Mr. Trump in an interview. Mansions plentiful in metro Phoenix, Peek inside $35 million Paradise Valley mansion for sale; most expensive in Arizona, AZ International Auto Show & New Car Buyer's Guide 2020 Model Year, Your California Privacy Rights/Privacy Policy. Unauthorized distribution, transmission or republication strictly prohibited. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers. Its a little bit longer to sell because of the small buying pool, but I think its good to see for our area, to show we have homes of that value in our neighbourhoods.. The director, co-writer, and co-producer's culture clash romantic comedy is also a love letter to LA. His new poker run boat. ChatGPT: The Weirdest Things People Ask AI To Solve, The Phone That Can Fully Charge In 5 Minutes, Reports: Barry Trotz To Succeed Retiring David Poile As Nashville Predators GM, GeForce Now Ultimate Turns Macs Into Great Gaming Machines, Barry X Ball + LG: At The Cutting Edge Of Frieze LA. I wasnt expecting it, quality wise, and of course being on the water is a bonus.. The following is a list of the wealthiest individuals with "Canada" listed as their "Country/Region" according to Bloomberg's daily listing, the Bloomberg Billionaires Index, as of 22 May 2022. Canadian steelmaker's connection to $1.75M donation for Trump sparks complaint, 2nd complaint filed in connection with Canadian steelmaker's alleged involvement in Trump support, CBC's Journalistic Standards and Practices. The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelman contravened the Federal . A 25,000-square-foot mansionlocated on almost seven acres in north Scottsdalewas sold Monday. ", Related by financial asset: Zekelman Industries, Here are some of the strangest things people have asked a ChatGPT chatbot to answer, Twitter appears to be suffering a partial outage, with Twitter timelines appearing blank on the website, Demo shows a 300W charger topping up Xiaomi's Redmi Note 12+ Pro in just under five minutes, Lenovo unveils the ThinkPad Z13 Gen2, which has a cover partially constructed from woven flax. After his father's death in 1986, Zekelman and his brothers, Barry and Clayton, managed operations at Atlas Tube. [3] The company name was changed to Zekelman Industries in 2016. As part of the settlement, the companies must ask for a refund or request that the Super PACgivethe funds to the U.S. Treasury. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. FARMINGTON HILLS, Mich., Dec. 7, 2021 /PRNewswire/ -- The Holocaust Memorial Center Zekelman Family Campus today announced a major donation in the amount of $15 Million . Their vacation home in Paradise Valley set a record for private home sales in Arizona; the 10,000 square foot home cost $14 million. Barry Zekelman, the CEO of steel pipe and tube manufacturer Zekelman Industries, says he welcomes free and fair trade agreements, but argues 'the key is enforcing these agreements.' We encountered an issue signing you up. Zekelman was a freshman in college when his father Harry passed away, leaving his newly-formed steel tubing business, Atlas, to Barry and his older brother, Alan. Copyright 2023 St. Joseph Communications. The company name was changed to Zekelman Industries in 2016. Barry Zekelman's corporate empire and family - including his wife and brother - also made at least US$2.6-million in contributions to American politicians and political campaigns over decades. Built in 2010, the 282-foot yacht can. The company has manufacturing facilities in the United States and Canada, and produces a range of steel products for various industries, including construction, energy, and infrastructure. Thats why, according to the New York Times, Zekelman has been lobbying hard for protectionist policies for steel makers in the United States. Where does Barry Zekelman live? Holy glorious, it looks amazing, is how Windsor-Essex County Association of Realtors president Kim Gazo describes a Russell Woods waterfront home she believes is the most expensive local home ever listed. The College has unveiled a unique design that will see the erection of two floors for an additional 40,000 square feet of space to the southwest wing of the campus. At Zekelman Industries, we trace our legacy of delivering successful solutions back to 1877. And He's Canadian", "Tape Made Public of Trump Discussing Ukraine With Donors", "Donations Steered to Trump Super PAC by Canadian Are Found to Be Illegal", "Price Drop on Heesen Motor Yacht Man of Steel", https://en.wikipedia.org/w/index.php?title=Zekelman_Industries&oldid=1120607238. The ceiling in the living. The politics and business news you need to stay up to date, delivered daily in a must-read newsletter. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are, The content of this website and all associated media are subject to. When search suggestions are available use up and down arrows to review and enter to select. Barry Trotz makes perfect sense to be his replacement. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. America First Action describes itself as "the primary super PAC dedicated to electing federal candidates who support the agenda of the Trump-Pence administration," the FECnotes in its factual and legal analysis of the case. Box 500 Station A Toronto, ON Canada, M5W 1E6. It is the southernmost city in Canada and is known for its rich history, cultural diversity, and thriving automotive industry. The yacht is powered by 2 MTU engines. Its a phenomenal home and everyone whos walked in here, whether theyre from Toronto, New York or Windsor are in awe of the design and how well its done, she said. The Zekelman family runs the largest independent steel tube manufacturer in North America, and they want everyone to know it: Last year the clan changed the name of the company from JMC Steel Group to Zekelman Industries, Inc. She has a crew of 26. Please note that CBC does not endorse the opinions expressed in comments. Rolen is in Cooperstown and the others aren't. They owned a large house there, which they sold a few years ago. Donations were made on April 5, 2018, June 4, 2018, and Oct. 17, 2018. [12] The third "Man of Steel" superyacht was an aluminum-hulled 49.8m (163ft) Heesen purchased by Zekelman in 2019; it was previously named the Satori and then the Septimus. There was an error, please provide a valid email address. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Barsky was named CEO in 2012, two years after the museum opened a new $150 million building. I dont think it is and I actually think those duties should be much higher, he said. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Wheatland Tube (created as a subsidiary of John Maneely Co in 1931), This page was last edited on 7 November 2022, at 22:12. 'Holy glorious, it looks amazing,' is how Windsor-Essex County Association of Realtors president Kim Gazo describes a Russell Woods waterfront home she believes is the most expensive local home ever listed. Later Atlas Tube merged with JMC Steel. The ceiling in the living room was custom made by a local artisan. And we thought that was great., Barry Zekelman's Ferrari 458 Italia spotted in Windsor!!!! She was built as Seven Seas for film producer Steven Spielberg. Since then, he has grown it into one of the largest North America's steel pipe and tube makers. Most of his business is in the United States. But what makes it so incredible is its location on the water and the quality of the finishes, really second to none.. Barry Zekelman, the Windsor, Ont.-area owner of a North American steel tube and pipe empire, is backing U.S. President Donald Trump's proposed tariffs and offering all employees a $1,000 annual . A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND. Lloyd Foxof Long Realty's TheFox Group worked with the buyer.Bel Sogno Estate LLC, led by Marcia Rowley, co-founder of International Cruise & Excursions Inc., sold the home.Via Ventosa Scottsdale LLC, led by orthopedic surgeon Blake Stamper, bought theestate, according to public real-estate records. Zekelman, whose company is the largest independent steel tube manufacturer in North America, with sales exceeding $2.7 billion each year, has been pro steel tariffs for some time. The Times says that the donations may have been a violation of laws that bar foreigners for lobbying in the United States. American Metal is a national grass-roots initiative supporting the domestic steel industry and all the hard workers whose livelihoods depend on it. Photos of the mansion show rooms with marble fireplaces, winding staircases under huge chandeliers, andterraced walkways overlooking a large pool with dual diving boards. A 25,000-square-foot mansion located on almost seven acres in north Scottsdale was sold Monday. The SuperYachtFan team is active in Investigative journalism. The $23-million expansion will feature classrooms, student study areas, meeting rooms and . The initiative originated from Zekelman Industries, the largest independent steel pipe and tube manufacturer in North America and a leader in modular construction innovations. Net worth ( USD) Industry. Looking for luxury? The contributions were made through the Pennsylvania-based Wheatland Tube, a pipe and tube subsidiary of Zekelman Industries. The views, especially from the second floor, are unparalleled. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. She said there seems to be an increase in the number of high-priced homes for sale. History. He told Canadian broadcaster CBC that Trumps plans for a 25 percent tariff for steel and 10 percent for aluminum was an example the Canadian government should follow. U.S. boat sales reached the highest level in 13 years last year amid the pandemic, per the National Marine Manufacturers Association. Bob Hassett ofRuss Lyon Sotheby's had the listing for the home. Zekelman puts $31.5M Texas industrial project in pipeline A 16-acre multifamily development headed to North Austin In 10 years, homes in Austin, Texas go from bargain-basement to sky-high Decade after decade, we've remained committed to our customers and end users. The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. Recently, however, Barry Zekelman, the CEO and executive chairman of Zekelman Industries, also dabbled in biotech, co-financing a Boston cancer research startup called CureMeta. Keep your finger on the pulse of your local sports teams, delivered straight to your inbox, At $7 million, this may be the region's most expensive home ever listed, Windsor's first public housing project in decades now accepting renters, OPP: $15,000 recently lost to the 'grandparent scam' in Essex County, Windsor police investigate drug network with ties to Toronto, Unifor president supports striking workers in Windsor, Average housing prices creep up for second consecutive month, A home located at 340 Elmgrove Dr. in Lakeshore, Ont., is seen on Wednesday , July 31, 2013. His grandparents were killed in the Holocaust, and his parents were Holocaust survivors. He and his wife own a yacht named Man of Steel. But ironically, much of the interest has come from local people. The Mediterranean-style mansioncomes with nine bedroom suites and two lofts, all with private patios or balconies. He has also supported political causes and candidates in both the United States and Canada. Both companies, controlled by Barry Zekelman, chief executive officer of Zekelman Industries, have reached a settlement with the FEC for the companies to pay a $975,000 fine for illegally.