Lee and Penny Anderson on Tuesday pledged $75 million toward a new basketball and hockey arena at the University of St. Thomas. In the early 1960s, Lee Anderson was on his way to a military career with a civil engineering degree from West Point. But when his father, Reuben, had a heart attack in 1964, he returned to the Twin Cities to take over the family’s plumbing supply business in New Brighton. At the time, the successful small business had $1 million in annual revenue, he said in 2019. Five years later, Anderson acquired a fire sprinkler supply business — the first of many companies to be added to what would eventually become APi Group. By the time Anderson sold APi — a conglomerate of construction and fire-protection businesses —for $3.5 billion in 2019, its annual revenue was nearly $4 billion. On Tuesday, Anderson and his wife, Penny, pledged $75 million toward building a new basketball and hockey arena at the University of St. Thomas. In 2005, the Andersons gave $60 million to the university for the Anderson Athletic and Recreation Complex. University of St. Thomas President Rob Vischer said the couple "have been very generous benefactors of the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
