George Armoyan is Executive Chairman of G2S2 Capital Inc., President of Armco Capital Inc., Chairman, President & CEO of Clarke Inc. and Chairman of Ravelin Properties REIT. Mr. Armoyan is an entrepreneur with extensive experience in real estate and various industries. Since 1982, Mr. Armoyan has successfully founded and grown numerous businesses, created shareholder value at several public companies through restructuring operations and has received numerous honours and awards for his business activities.
In 1982 he founded the Armoyan Group (currently known as Armco Capital Inc.), a multi-faceted real estate development firm and grew it into one of the largest private companies in Eastern Canada. Today the company now includes offices in Montreal, Halifax, Toronto, Atlanta, Houston, Florida and Calgary.
In 1999 and 2010, his team designed, built, and leased 16 schools to the Provinces of Nova Scotia and New Brunswick under “Public Private Partnership” structures. Mr. Armoyan’s company owned, operated, and managed all 16 schools until the third quarter of 2020 and currently owns, operates, and manages the facilities for two schools in the Province of New Brunswick.
In 2001, Mr. Armoyan became involved as a Director at Clarke Inc., a publicly traded company based in Halifax. Clarke invests in a variety of private and publicly traded businesses and participates actively where necessary to enhance the performance of such businesses and increase their return. During the last 20+ years, under Mr. Armoyan’s leadership and vision, the former transportation company has transformed into the profitable investment company it is today, creating value for all stakeholders.
He has since led the restructuring of a number of companies, turning them into profitable investments and diversified his interests into oil and gas, technology, and biotech fields. Mr. Armoyan currently serves on the Board of Directors of Clarke Inc. (TSX:CKI), Calfrac Well Services Ltd. (TSX:CFW), Morguard Corporation (TSX:MRC) and the Board of Trustees of Ravelin Properties REIT (TSX: RPR.UN.).