Widow of William Connell, a businessman and philanthropist who built a recycling concern. 781-383-0493. A typical Lone Star arrangement calls for a fee of between 0.6% and 1% of assets under management. Schools Public/Private Grade How far from Property, mi; Elementary school; . Cohasset native John Grayken is founder and chairman of Lone Star Funds, a global private equity firm. John P Grayken. Writes business books with 3rd wife, Suzy Wetlaufer. Find census, military, and other historical records.*. }Customer Service. Shortly after the meeting, South Dakota agreed to invest $300 million in Lone Star's newest investment fund. Address: PO Box 711, Winchester MA, 01890. Forbes said Grayken has been based in the United Kingdom since the late 1990s, when he renounced his US citizenship for tax purposes and took an Irish passport. View more. Main donor behind the MFA's wing for Contemporary Art. The. May Go By: John P Rayken Age. "Over the decades John has had phenomenal returns and executed a very disciplined investment strategy--he is in a league of his own," says Nori Gerardo Lietz, a Harvard Business School professor who ran one of the largest firms that advise pension funds on their private equity investments. Evidence of the mysterious buyer can be found in a Massachusetts state court, where the home is listed as Grayken's address in a probate filing. Physics Ph.D. owns homes in Worcester, Boston, and Mashpee. And of those there might be five people in the world who would actually consider buying it.. John Grayken's House in Cohasset, MA (Google Maps) Cohasset, Massachusetts (MA), US Like Tweet Share Pin The second richest man in Ireland owns a condo here. With regulators all over the world forcing big banks to deleverage and retreat from various risky businesses, hedge funds and private equity firms like Lone Star have stepped in and are making a killing buying assets from banks on the cheap. "Ireland's nine billionaires increased collective wealth by 10.8bn last year", "RTC Letting Small Investors Jump in Property Pool", "Kemper nears real estate sale; Bass-backed group wants troubled assets", "Lone Star Raises $5Billion to Profit from German Woe", "Lone Star has plans to invest in Canada", "Record $25 Million Gift from Grayken Family Advances Boston Medical Center's Leadership in Treating and Preventing Opioid Use Disorder", "Out of the "Philanthropic Shadows." Remarkably, Grayken persevered in Korea and ultimately was able to sell his KEB ownership to Hana Financial in 2012, booking a reported $4 billion profit. The sale of the Millennium penthouse, Hawkes said, is a big statement for this city. The property was listed at $37.5 million, but industry sources told the Globe it sold for slightly less. Grayken also developed a reputation as a flipper. Former producer of Boston's Fourth of July celebration. Germany's disdain for Grayken is nothing compared with the reputation he has forged in South Korea. 108 S Fairmont Blvd, Anaheim, CA 92808-1336 +1 714-998-4110 Website Menu. But in 2004 and 2007 Grayken spent a total of $16.6 million, through a Bermuda holding company, to buy a 15-room house on a tiny island in Cohasset Harbor, according to Norfolk County property records. People who know him say he likes to summer close to his family in Cohasset, Mass., the Boston suburb where he was raised. , In April 2017, John P. Grayken gave a leadership gift to the Wharton School of the University of Pennsylvania to fund the Grayken Program in International Real Estate at the Wharton School. Resides in Cohasset, MA. Jenny Eriksen LearyOffice of Communications Co-founder of EMC Corporation. Related To Victoria Grayken, Phyllis Grayken, Susan Grayken, Mary Grayken. Avid horse racer and minority owner of the Red Sox. Age. Spokeo's database, while extensive, does not contain all U.S. warrant, arrest, court, or other related records. "Lone Star has no interest to propel someone into insolvency. Bass then backed Grayken in a bigger bad-loan fund, which Grayken transformed into about $160 million in profits. Mrs. Grayken is a theater producer. Businessman and philanthropist whose father built Star Market chain. www.mcnamara-sparrell.com. Wife Allison serves on Institute of Contemporary Art board. He has renounced his US citizenship. The one group that loves Grayken: pension fund managers, who consider him an alpha god and who happily overlook his sins. Over the years a parade of talented partners, almost anyone Grayken has ever worked with closely, have left the firm because they either felt shortchanged financially or had disagreements with Grayken. Beloved by employees, he gained control of the grocery after a protracted and dramatic legal battle. display: none; Major Republican donor. Obituary. Search for birth, death, marriage, divorce, US Census, and military records. See John P Grayken's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. In the 21st century, it's not just urns and gravestones anymore. He claims to follow the rules and pension funds in the U.S., who are his biggest investors, enjoy the terrific financial returns he produces. After Penn he got his M.B.A. from Harvard Business School in 1982 and then landed in investment banking at Morgan Stanley. Son of a U.S. Air Force fighter pilot, founded InterSystems in 1978 and built it into a nearly $530M company. Media executive who owns 20% of National Amusements. To follow the stock picks of the world's best billionaire investors, subscribe to Forbes Billionaire's Portfolio. Giving to charity is a meaningful way to honor someone who has died. Boston, MA 02118 Donated $10M to Harvard Business School. * Historical, vital, and court records and search results may require an additional purchase. After the interview Grayken spent $775 million in 2012 to buy TLG Immobilien, an East German owner of 800 buildings held by the government. Schwarzman's Blackstone, which has assets of $336 billion, has comparable average annual returns of 17%. His pension clients, including the Employees' Retirement System of Rhode Island, the New York State Teachers 'Retirement System and Dallas' Fire & Police Pension System, have yet to make a peep about Grayken's sleazy subprime mortgage operation. In 1999, Grayken became an Irish citizen, renouncing his American citizenship. Corporate records also show Grayken owning a massive Swiss estate overlooking Lake Geneva. The Boston Business Journal, citing anonymous real estate sources, first reported that Grayken was the purchaser on Wednesday. , John Patrick Grayken was born in June 1956, and was brought up in Cohasset, Massachusetts, a suburb of Boston. Others can find ways to spruce up assets if they like. Once logged in, you can add biography in the database. Private equity firm, with more than $3B in assets, specializes in leveraged buyouts. The hospital also created among the first ER-based and urgent care opioid treatment programs in the country. Within three years Grayken flipped the property for a profit. Grayken founded Lone Star in 1995. We prefer when people meet their payment obligations. . LAST YEAR THE BRITISH TABLOIDS wondered who had purchased one of the U.K.'s most expensive homes in London's Chelsea district. Pledged millions to local hospitals. John lives with Mary in a single family house in Cohasset, MA. Real estate magnate has developed more than 10 million sq. Mozambican-born philanthropist, and the wife of Secretary of State, John Kerry. Over its 25-year history of leadership in addictions medicine, BMC created the first-in-the-nation program providing addiction care in the patients primary care office, which has had a remarkable 67 percent success rate regionally and been replicated in 35 states. But they are not passing this benefit on to homeowners or communities," says Lisa Donner, executive director of Americans for Financial Reform. Grayken, a Cohasset native who claims Irish citizenship, has a net worth of about $6.3 billion, according to Forbes, making him the worlds second-wealthiest private equity manager. You may opt-out by, Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, figured out that Grayken has struck a deal to buy. Stephen Conine is Co-Chairman of publicly-traded, Wayfair, an online home furnishings retailer. If youre in charge of handling the affairs for a recently deceased loved one, this guide offers a helpful checklist. Former owner of NHL's Pittsburgh Penguins. The Boston newspapers this week figured out that Grayken has struck a deal to buy Bostons most expensive condominium, a 13,000 square-foot penthouse on the 60th-floor of Millennium Tower, for $33 million. 1999 In 1999, Grayken became an Irish citizen, "for tax purposes", renouncing his American citizenship. The project wasn't a huge success, but the Tennessee experience cemented Grayken's relationship with Bass and introduced him to his first wife, a Nashville native. eBay is an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. Outside of London, he owns a 15-bedroom country house on 20 acres that was featured in The Omen, a 1976 horror film starring Gregory Peck. He received a BA degree in Economics from the University of Pennsylvania, and an MBA from the Harvard Business School in 1982. Sign up and receive special alerts about new features, products, discounts and more. It's surprising how much a musical selection can affect mourning. At the end of the five years these loans would revert back to the original payment terms, with all the deferred payments added in. This story appears in the March 20, 2016 issue of Forbes. In Cohasset, the small, private White Head Island, which dances in the Atlantic Ocean, cut off from the mainland by a small bridge, belongs to a Bermuda company controlled by Grayken, which . Boston Medical Center (BMC) is a 514-bed academic medical center located in Boston's historic South End, providing medical care for infants, children, teens and adults.  He received a BA degree in economics from the University of Pennsylvania, and an MBA from the Harvard Business School in 1982. It's also a backdoor way for Grayken to personally extract extra profits from Lone Star's hefty asset base. Boston, MA - A buyer for the $37.5 million penthouse at Millennium Tower has been identified. Grayken is also the owner of a 15-bedroom manor house on 20 acres outside of London that was featured in The Omen, a 1976 horror film starring Gregory Peck. Widow of Edward H. Linde, who founded real estate investment trust giant, Boston Properties. The feelings of helplessness can seem unbearable at times. Results for this person or the person you are looking for are not guaranteed to appear in search results. She enjoys summers from her $17M Nantucket home. Owns homes in Cape Cod and Palm Beach worth a combined $50M. Its editorial board went on to accuse Lone Star of relying on the "foreclosure and resale of the homes to make money." , In March 2017, Eilene and John Grayken gave a $25 million gift to the Boston Medical Center (BMC) to create the BMC Grayken Center for Addiction Medicine. Spokeo accesses over 620 million court records. The pain and grief can seem to last forever. "Many of the other real estate and private equity players are really jealous of John Grayken.". Theres more demand the next tier down slightly less pricey penthouses in the Millennium and condos in shorter but still grand new buildings, such as 50 Liberty in the Seaport. Reportedly Jacobson earned $500M in a single year. Whether youre a current employee or looking to refer a patient, we have the tools and resources you need to help you care for patients effectively and efficiently. The 13,000-square-foot unit atop the 60-story Millennium Tower in Downtown Crossing is under contract to John Grayken, an investment fund manager whom Forbes magazine recently dubbed one of the robber barons of the new millennium for his long track record of profiting from delinquent mortgages and other battered financial assets. Also survived by 10 grandchildren and 6 great-grandchildren. For More Information, Contact: "He felt in many cases that the people beneath him were inter changeable," says one former top Lone Star manager. 2023 www.patriotledger.com. Owns homes in Boston and Cape Cod. He is a minority owner of the Boston Red Sox. John and Victoria reside together in a single family house in Cohasset, MA. A labor union is accusing Caliber of building a new Countrywide Financial, given that its CEO and top executives are refugees from that hotbed of housing-crisis instigators. Reportedly Jacobson earned $500M in a single year. Many of the loans have reportedly ended up in foreclosure. John Patrick Grayken (born June 1956) is an American-born Irish billionaire financier, the founder and chairman of the private equity firm Lone Star Funds. Patriots owner is the CEO of The Kraft Group, a diversified holding company with assets in paper and packaging, sports, real estate, and private equity. ), Grayken recently flew to South Dakota to visit with a pension client and allay succession fears. John Patrick Grayken is an American-born Irish billionaire financier, the founder and chairman of the private equity firm Lone Star Funds. }Customer Service. Father of Susan Mary, John Jr. and Victoria. So sorry to read about John's passing. German politicians argued that taxpayers had been "cheated.". The 60th-floor condominium was on the market for $37.5 million. , Grayken founded Lone Star, the successor to the Brazos Fund, in 1995. Grayken has personally invested $250 million in the fund, his 16th, adding to the $1.3 billion he already has invested in Lone Star's other funds. The Grayken Centers mission will focus on three aspects of addiction medicine: Over the years, John and I have come to greatly respect and admire BMC's work and its positive impact on the Boston community, said Mrs. Grayken. A rendering of the penthouse on the 60th floor of the Millennium Tower in Boston. You may opt-out by. Powerful social search locates profiles on social networks, dating sites, online shopping, web forums, music platforms, etc. Grayken first worked at Morgan Stanley, before joining the Texas billionaire Robert Bass.Grayken founded Lone Star in 1995.In 1999, Grayken became an Irish citizen, renouncing his American citizenship. Looking for a job? Inherited fortune when first husband died in airplane crash. Age 56 Wayland, MA #40 Net worth: $750M. Beloved husband of the late Phyllis R. Grayken. Career John Patrick Grayken as born in June 1956 was brought up in Cohasset, Massachusetts, a suburb of Boston. He received a Bachelor degree in Economics from the University of Pennsylvania, and an Master of Business Administration from the Harvard Business School in 1982. Send Flowers. Hedge fund manager, runs the Raptor Group. In fact, he has become accustomed to taking shots from detractors and has been the subject of protests from New York to Berlin to Seoul. Owns homes in Chestnut Hill, the Cape, and Palm Beach worth more than $50M. In February the National Housing Resource Center released a survey of non profit housing counselors that showed Caliber was the nation's lowest-rated big servicer and among those doing the "worst job of complying with the servicing rules." By 1998 Lone Star was in Japan, where ravaged banks preferred selling troubled loans at sharp discounts privately, in order to save face, rather than hold embarrassing public auctions for potentially higher prices. Owns John Harvard's Brew House.  Grayken said it would earmark "at least a third and up to a half" of its funds for investment in Canada. Childs Associates. Also survived by 10 grandchildren and The deal between Grayken and developer Millennium Partners has been under contract since February, according to Boston Business Journal. Last year he bought one of the U.K.'s most expensive homes in London's Chelsea district for about $70 million. Senior executive at family founded Dexter Shoe Company, which Warren Buffet purchased in 1993. Retail & Restaurant. The bigger question is how deep is the market right underneath that. Greek-American philanthropist who founded and sold two life sciences companies. Mrs. Grayken is a theater producer. Also survived. This donation from Eilene and John Grayken is helping shed light on a disease normally cloaked in the shadows, and I thank them for raising awareness of opioid abuse and addiction with this historic contribution., "Fighting the opioid epidemic is a top priority for the Commonwealth of Massachusetts," said Governor Baker. A good number of Caliber's mortgages were purchased by Lone Star Funds at a deep discount--70 cents on the dollar--during auctions held by wards of the state Fannie Mae and Freddie Mac and the Department of Housing & Urban Development. Grayken grew up in a less rarefied section of Cohasset, where he excelled at school and on the ice rink. The 13,000-square-foot unit atop the 60-story Millennium Tower in Downtown Crossing is under contract to. John Grayken $6.3 Billion Proficient in the dark arts of the distressed-assets business, the Lone Star Funds founder has enough money to live wherever he damn well pleases. When the U.S. economy was doing well, he would set his sights on countries where tough times meant easier pickings. ", "Grayken Program in International Real Estate at the Wharton School Creates New Opportunities in Global Real Estate Education", "Mobile unit ready to roll: South Shore Health looks to expand bare beyond hospital walls", "Couple donate 50m to children's hospital that saved newphew", "Private Equity Giant Lone Star Shakes Up North American Ranks", "Council of Overseers - Huntington Theatre Company", "Producer Eilene Davidson: 'British actors are the best in the world', "The omen for private equity baron Grayken", "Delhi Police book arm of Lone Star, its US founder for cheating, conspiracy", https://en.wikipedia.org/w/index.php?title=John_Grayken&oldid=1152538775, Short description with empty Wikidata description, Pages using infobox person with multiple spouses, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 April 2023, at 21:14. , Grayken first worked at Morgan Stanley, before joining the RMB Realty Group, the real estate investment firm of Texas billionaire Robert Bass. He's also picked up a major payday lender, a Spanish home builder and an Irish hotel chain. Uncover John's photos, videos, and more . Includes Address (5) Phone (2) Email (4) See Results. .  These were the days after the junk-bond-fueled S&L crisis, when the government-sanctioned Resolution Trust Corp. was liquidating hundreds of failed institutions. But multiple sources in the local real estate community confirmed to the Globe that Grayken is indeed the buyer. The nine-bedroom, nine-bathroom, 17,500-square-foot brick mansion with a glass elevator, basement pool, cinema and Japanese water garden was purchased for $70 million by a Bermuda company. CEO and founder of J.W. Along with Sunderland FC owner Ellis Short, the low-profile investment wizard built up Lone Star Funds into a assetgobbling monster worth 25bn. Among them the most shadowy is John Grayken. Chairman of running shoe-maker New Balance, which sports more than $3B in sales. Memorial services to be announced at a later date. The Center also serves pregnant and postpartum women facing behavioral health disorders. Owns condo at the Mandarin Oriental. ", Boston is well-established as the epicenter of medicine and healthcare, where groundbreaking research occurs and where the best and the brightest clinicians train and practice, said Mayor Walsh. Pyrford Court is a Grade II listed 15-bedroom house, built in 1910 for Rupert Guinness, 2nd Earl of Iveagh. In addition, we are devoted to training future generations of health professionals in our wide range of residency and fellowship programs. CEO of Highfields Capital Management, a $12B investment management firm. Cohasset native John Grayken is founder and chairman of Lone Star Funds, a global private equity firm. Also survived by ten grandchildren and six great-gran PRACTITIONERS OF "DISTRESSED investing" are a special Wall Street breed: bottom-fishers with steel constitutions and a penchant for rushing into fire sales. In Cohasset, the small, private White Head Island, which dances in the Atlantic Ocean, cut off from the mainland by a small bridge, belongs to a Bermuda company controlled by Grayken, which purchased it for $16.5 million in two transactions in 2004 and 2007. ft. email@example.com, The Grayken Center for Addiction Medicine Aims to be World Leader in Battling Epidemic. John Grayken, chairman of the private equity firm Lone Star Funds, is buying a 13,000-square-foot penthouse at the new Millennium Tower in Downtown Crossing for $33 million, the Boston Business Journal reported. John and Mary Roy's Estate (deceased) Cohasset, Massachusetts (MA), US Like Tweet Share This is the former-home of the couple who owned Kimball's by the Sea hotel in Cohasset. When Grayken and Bass couldn't agree on how to share the profits for the next fund, the duo parted ways in 1996. He received a BA degree in Economics from the University of Pennsylvania, and an MBA from the Harvard Business School in 1982. . Lone Star then keeps 50% of all profits once the fund's return hits 8% and until it reaches 2 0%. Explore the listing below to find John's address, relatives, and other public records. 2015 In Switzerland, Grayken bought an estate overlooking Lake Geneva. Also survived by 10 grandchildren and 6 great-grandchildren. Name. Owns the CambridgeSide Galleria and Wauwinet hotel on Nantucket. One Boston Medical Center Place Unlike Colony, Apollo and other opportunity funds that grew out of the S&L crisis and expanded into other areas, Grayken stayed focused on distressed assets linked to real estate, like delinquent mortgages. AffluenceIQ is the only Database profiling the highest net worth families in Massachusetts. At the same time Caliber offered "temporary" loan modifications to distressed borrowers that consisted of five-year interest-only payment plans but failed to offer the homeowners any permanent relief through principal reduction. Pledged $100 million for AIDS research. Auto magnate operates 55 car dealerships throughout New England. (Boston) March6, 2017 Boston Medical Center (BMC), already an international leader in research, teaching, and clinical programming on substance use disorders and their consequences, today announced a $25 million gift from Eilene and John Grayken to intensify BMCs fight against the burgeoning opioid epidemic, the most pressing public health crisis of our time. Distributes Sam Adams beers along with Twisted Tea and Angry Orchard Cider. He divorced his first wife shortly after becoming a tax refugee, changed his mind, got her to take him back within a month of the final divorce decree and then got redivorced six months after that. New York Attorney General Eric Schneiderman reportedly opened an investigation. In the aftermath of the late-1990s Asian financial crisis, Lone Star bought a controlling share of Korea Exchange Bank (KEB) in 2003 for $1.8 billion.  The gift is the largest donation in BMC's history.  As of 2017, they live in a $70 million home in Chelsea, London, purchased through a company in Bermuda. John departed this 1,880 square foot home in 2009. After he bought the discounted mortgages of ten apartment buildings in the Washington Heights section of Manhattan from Anglo Irish Bank following the financial crisis, residents flew bedsheets out their windows that said, "Speculators Beware." There are very few people who can afford this, Hawkes said. 20, 2017. This home is the most recent known address for John. Minority owner of NFL's Oakland Raiders. Unless you are experienced as an estate executor, you probably should hire an attorney. As a leading academic institution shaping public policy on addiction disease treatment, the BMC Grayken Center team will train leaders in the field to disseminate proven approaches from these programs around the world.. View John Grayken's record in Cohasset, MA including current phone number, address, relatives, background check report, and property record with Whitepages. Father of Susan, Mary, John Jr. and Victoria. His long time number two, Ellis Short, who helped found Lone Star, left in 2007. He eventually married his secretary in London, and the couple have four children. Corporate records also show. In addictions and recovery medicine, Boston Medical Center provides international leadership, pioneering innovative and effective new treatments. He attended Harvard Business School. "Lone Star has bought these loans at a discount from the government--in effect, they got principal reduction. Other family members and associates include Eilene Grayken, Phyllis Grayken, Susan James, Kate Grayken and . "Our community is incredibly fortunate for this generous gift and I look forward to the future advancements in research, treatment, training, and prevention that Boston Medical Center will produce, just as they have consistently done throughout their history. He renounced his U.S. citizenship many years ago and became an Irish citizen for tax reasons. COHASSET The billionaire who owns Whitehead Island in Cohasset is buying Bostons most expensive real estate listing. Grayken, 60, grew up playing hockey in Cohasset and graduated from Harvard Business School before launching a career buying distressed property and busted real estate loans and profiting from their rebound, according to a recent profile in Forbes. Personally owns 15 cars, Gulfstream Jet, 197-foot yacht, and helicopter. Language links are at the top of the page across from the title. If they have any concern about their American-born Irish golden goose, it's over Lone Star's succession and Grayken's health. By 2007 Lone Star had received multiple offers for its KEB stake, one as high as $6.4 billion. Check out 50 free profiles with full contact details. Dallas-based Lone Star Funds, which Grayken founded in 1995, invests in distressed assets, specifically home mortgages. CEO of Market Basket supermarket chain. Teams at Hudson are responsible for performing full financial analyses and reviews of investment opportunities after Lone Star's managers have identified them. In South Korea Lone Star is known as meoktwi, eat-and-run capital. Co-founded Wayfair with Niraj Shah in 2002. John P. Grayken, age 86, of Cohasset, died June 18, 2017. You have funeral questions, we have answers. McNamara-Sparrell Funeral Home - Cohasset. If he owns it and visits from time to time, it wouldnt necessarily rise to that level, said Steven Meyer, an international tax attorney at Posternak Blankstein & Lund in Boston. John Grayken was born on 1956 in London, United Kingdom, Ireland. Lived In Vero Beach FL, Scituate MA, Fort Pierce FL, Oakland NJ. Built a 16,000 sq. Landlines (1) (781 . GRAYKEN John P., age 86, of Cohasset, June 18, 2017. As the Toll from Opioids Grows, Who's Giving for Addiction Medicine? ft. home on Beacon Hill. John Grayken's House Cohasset, Massachusetts (MA), US Like Tweet The second richest man in Ireland owns a condo here. John Grayken is 66 years old and was born on 06/01/1956. Though Grayken's firm is headquartered in Dallas, he lives in London because he can't spend much more than 120 days a year in the U.S. without having to pay the U.S. taxman. Subscribe. Published by Boston Globe from Jun. "Distressed investor" is a sanitized version of less flattering terms from bygone Wall Street eras: vultures, grave dancers, robber barons. Caliber is one of the largest and fastest-growing mortgage companies in the nation, managing more than 325,000 mortgages and worth some $70 billion. So does Grayken. Buying and holding la Buffett is for suckers, according to Grayken's philosophy. Grayken runs this empire from the United Kingdom, where he has a 17,500-square-foot mansion in Londons Chelsea neighborhood and a 20-acre country manor. Why Western Sanctions Failed To Truly Impact The Wealth Of Russias Billionaire Oligarchs, Climate Capitalist: This Billionaire Heiress Is Betting Big On Renewable Energy, How The Worlds Billionaires Got So Rich 2023, The Cities With The Most Billionaires 2023, Forbes Hollywood Walk Of Fame: The Richest Celebrities Of All Time, Tour Alabama Like A Billionaire: Yella Fella Jimmy Ranes Favorite Cotton State Spots, From Bodybuilder To Billionaire: How Gymshark Founder Ben Francis Built A Sportswear Unicorn. SCHOOLS NEAR PROPERTY. Memorial services to be announced at a later date. Chess whiz founded Pegasystems, a developer of business software applications, in 1983. Mrs. Roy and her husband, the late John Reime Roy, began an engineering and construction firm that eventually became a multi-million dollar energy company. Limited partner in the Boston Red Sox. Trefler owns 50% of the shares of the $800M company. For both in-person and virtual visits, BMC is here to ensure you have everything you need to make your visit a success.