Who is Arie Genger?
|Entrepreneur and Investor|
Location: Florida, United States
Arie Genger Brief Biography
Arie Genger is an Israeli born American businessman, a cede investor in a real estate company. Arie Genger was also the founder and chairman of Trans Resources, Inc., a chemical and fertilizer company who reached $1 billion in sales and $150M in net income by 2008. He is a co-founder of conservation Securities LLC and Friends and Family LLC fund of funds. In the past 30 years he has been close to former Israeli Prime Minister Ariel Sharon.
Arie Genger started working as an assistant to the chairman of the Rapid-American Corporation conglomerate in 1973. He and the company chairman, Meshulam Riklis, worked closely together, and after Arie Genger was instrumental in helping the Rapid-American Corporation out of financial difficulties, he was appointed president of the McCrory Corporation. The McCory Corporation was one the largest retail chains groups in the US and was owned by Rapid-American Corporation. Arie Genger was considered then the youngest multibillion corporate president in the United States.
Arie Genger’s next business move was founding FAIT in 1983 with the partnership of the business guru Michael Milken. Its mission was to initiate United States’ private sector investments in joint American Israeli projects. At the time there were no foreign investments in Israel, partly due to the perception of the Israeli economy as a socialist economy.
Arie Genger’s work with FAIT led him to invest in Haifa Chemicals through Trans Resources, Inc. Haifa Chemicals later became Trans Resources, Inc.’s wholly owned subsidiary and the first Israeli public company to be privatized. Trans Resources, Inc. was established in 1985.
Under Arie Genger’s leadership, Haifa Chemicals has become the second largest potassium nitrate company in world. Other Trans Resources, Inc. daughter companies include the American company Na-Churs, the Canadian company Plant Products and more. A trial involving Trans Resources, Inc. was recently concluded, and Arie Genger is appealing the verdict. Various legal scholars have criticized the contempt court’s decision.
In 2009 Arie Genger became one of the investors of a real estate holding company that purchases and operates real estate properties throughout the New York City area. It is currently one of the top buyers of real estate in the city, where it holds, renovates and manages residential and commercial properties.
With deep business roots in the agricultural chemicals industry, Arie Genger recently founded a new investment company, AGDB Holdings, LLC. With committed capital readily available, the Holdings partnership has the means to acquire small to medium size businesses. The company is interested in all types of basic industries but place a particular interest on those that show a growth opportunities or turnaround opportunities.
Relationship with Former Israeli Prime Minister Ariel Sharon
Arie Genger was one of former Israeli PM Sharon’s closest friends, advisors and confidants. The two became friends in 1973 when then-Israeli Defense Army Major General Ariel Sharon was in need of supplies in the front line during the Yom Kippur war. Arie Genger delivered the needed supplies, and the two have remained in close relations since, until Sharon’s stroke in 2006. In 1981 Arie Genger was appointed to become Israeli Defense Ministry General Manager by then-Defense Minister Sharon. Two decades later, in 2001, when Sharon was elected Prime Minister of Israel in a landslide victory; Arie Genger served as his emissary to the White House. As part of this service, he participated with Sharon in meetings with President Bush Vice President Dick Cheney Foreign Secretary Powel Security Council Advisor Condoleezza Rice and other high US government officials
Arie Genger has a BA and MBA from The City University of New York in economics and business administration. He worked in El Al’s mailroom while attending school.