Kilmer Van Nostrand Co. Limited (KVN) is the private investment holding company of Toronto businessman Larry Tanenbaum. KVN is headquartered in Toronto, Ontario with an office in Montreal, Quebec.

From a relatively small road paving operation in the early 1960's the company grew internally and through acquisitions to include road building and paving, ready-mix concrete, commercial aggregate, and heavy construction operations. By the early 1980's Kilmer's construction operations included Canada's largest national asphalt paving company, one of the country's largest aggregate producers, Metro Toronto's largest independent ready-mix operator, and was a significant international contractor of subways, light rail transitways, dams, tunnels and bridges.

In 1979 KVN acquired The Warren Paving and Materials Group Limited (Warren) from Ashland Oil. Shortly thereafter KVN divested itself of several of its construction related divisions and reorganized the remaining units under Warren. Through organic growth and several acquisitions Warren grew to be Canada's largest national paving company with operations serving approximately fifty cities across Canada. Warren also owned and operated several of Canada's largest commercial aggregate operations. In December 2000 KVN merged its $600 million (annual revenues) asphalt paving and commercial aggregates operations with Lafarge Corporation, one of North America's largest producers of cement, ready-mix concrete and aggregates in a transaction valued at $425 million. Kilmer remained a major shareholder of Lafarge until it was taken private in 2006 by its European parent, Lafarge S.A., a world leader in building materials and the world's largest cement producer.

KVN began to diversify its investment portfolio into non-construction related activities in the late 1970's. KVN was an early investor in CUC Broadcasting Limited which, at the time of its sale to Shaw Cable in 1994 for $435 million, was the fifth largest cable television operation in Canada. In addition, CUC was a major participant in the United Kingdom cable television market and maintained other operations including paging, publishing, and satellite and radio broadcasting.

In the mid 1990's the company expanded its investment activities into the electronics manufacturing sector. Kilmer's principal electronics investments have included: an international electronics assembly company with operations in Canada, the United States, Mexico and Europe; a North American manufacturer of circuit boards; a North American manufacturer of electronic packages specializing in thermal management solutions; and a North American provider of supply chain management software and the first company to create real-time e-business collaboration among the supplier, manufacturer and customer.

In 1996 Kilmer Group entered the sports and entertainment sector by acquiring a significant interest in Maple Leaf Sports & Entertainment Ltd. which owns the Toronto Maple Leafs of the National Hockey League (NHL), the Toronto Raptors of the National Basketball Association (NBA), the Toronto FC of Major League Soccer (MLS) and the Air Canada Centre. Kilmer also has investments in sports media and production through its investment in Insight Sports Ltd. Insight is a Canadian company specializing in the production and distribution of sports programming, as well as being a founding partner of the NHL Network, a new digital TV channel formed in partnership with the National Hockey League. Insight also launched the World Fishing Network and GOLTV (soccer) in the fall of 2005 and owns the Canadian franchise for Major League Gaming (video gaming).

To capitalize on its extensive experience in private equity investing and the relationships developed with several of Canada's major financial institutions and pension funds in 2001 Kilmer formed its first private equity fund (the "Kilmer Capital Fund"). The objective was to raise $100 million to invest in small and mid-market companies seeking financing for expansion, acquisitions, management buy-outs, leveraged buyouts, restructurings, recapitalizations and privatizations. The first Fund (Fund I) raised and invested approximately $115 million. It is run by experienced investors and business operators dedicated to building preeminent companies in partnership with management. Fund I has completed several investments including Give and Go Prepared Foods, York Uniforms (now Unisync), Vansco Electronics, McGregor Industries Inc., Tribal Sportswear and Hydropool Hot Tubs (www.kilmercapital.com).

Kilmer Capital Partners is in the process of raising Fund II in the amount of $300 million. In July 2007 it completed its first closing with its existing limited partners in the amount of $135 million and expects to do a second closing at the $175 million level in September 2007.

As well as sponsoring the Kilmer Capital funds, KVN has been a significant co-investor to date in two of the above noted acquisitions, Give & Go and Vansco.

Fostered by the historical experience it has had building roads, bridges, dams, tunnels, transit guideways, subways, and manufacturing concrete, aggregates, asphalt and other construction materials Kilmer continues to maintain a focus on the infrastructure sector. Current activities include the construction and operation of a customs examination facility (CEF), Quickload CEF Inc., in the new container port of Prince Rupert, British Columbia. CEFs are examination facilities housing large x-ray systems and other equipment to enable rapid physical examination of selected container consignments. They assist Customs to detect prohibited goods, including illicit drugs, illegal firearms and other harmful goods as well as assisting in the verification of compliance with import and export requirements.

In 2004 Kilmer partnered with Corpfinance International Ltd. in an $80 million infrastructure fund, CFI Infrastructure Opportunities Fund, to invest in a diversified portfolio of private mid-market infrastructure projects including power generation plants, water and waste treatment plants and other infrastructure projects within the public sector and private industry across Canada.

In June of 2007 Kilmer completed a first closing in the amount of $75 million on its Kilmer Brownfield Equity Fund (KBEF) which is the first private equity fund in Canada dedicated to the redevelopment of brownfields in Canada. Brownfields are abandoned, idled, or underused industrial and commercial facilities where expansion or redevelopment is complicated by real or perceived environmental contamination. The anticipated size of KBEF is $100 million.

In 2003 Kilmer entered the charitable gaming industry with the acquisition of Penetanguishene-Huronia Bingo (PHB). PHB was founded in 1994 and has since grown from a single bingo centre located in Penetanguishene, Ontario, to 6 locations across Ontario. The bingo centres represent an important entertainment and fundraising outlet for each community. PHB has raised tens of millions of dollars for local municipal charities. In June 2004 PHB joined Bingo Country Holdings Limited in creating Boardwalk Gaming and Entertainment Inc. (Boardwalk). Boardwalk and its partners are one of the largest owners of charitable gaming centres in North America with operations throughout Ontario and British Columbia.