23 Facts About Terry Pegula

Terrence Michael Pegula was born on March 27,1951 and is an American billionaire businessman and petroleum engineer.

Terry Pegula is the owner of the Buffalo Sabres of the National Hockey League and, with a consortium of private equity firms and athletes, the Buffalo Bills of the National Football League.

Terry Pegula's father worked in truck driving and coal mining.

Terry Pegula eventually sold the Pennsylvania, New York, and Rocky Mountain assets of the company to Royal Dutch Shell for approximately $4.7 billion.

Terry Pegula sold the Ohio and West Virginia assets of the company to American Energy Partners, LP for $1.75 billion in 2014.

In February 2011, Terry Pegula purchased Hockey Western New York LLC from previous owners Tom Golisano, Larry Quinn, and Dan DiPofi for $189 million.

Terry Pegula's purchase made an immediate positive impact, with players, fans and alumni invigorated by his investment in the team, the then First Niagara Center and the building of Harborcenter across the street.

In May 2011, Terry Pegula began negotiations on behalf of the Sabres to re-purchase the Rochester Americans, which had served as the Sabres' American Hockey League affiliate from 1979 to 2008 ; the deal was completed in late June 2011.

Terry Pegula was a favorite among most local Bills fans and local politicians to buy the team due to his commitment to the Western New York area and local connections.

Terry Pegula competed against future US President Donald Trump and musician Jon Bon Jovi, the latter of whom was backed by principals of the Toronto-based Maple Leaf Sports and Entertainment, for purchase of the team.

On December 21,2017, it was announced that Terry Pegula had acquired the Buffalo Beauts of the league then known as the National Women's Hockey League and now as the Premier Hockey Federation.

In 2018, Terry Pegula reached an agreement to purchase the intellectual property of the Rochester Knighthawks of the National Lacrosse League in autumn 2019.

Terry Pegula is the operator of KeyBank Center and Blue Cross Arena.

In 2017, Terry Pegula purchased 79 Perry Street, near KeyBank Center and teamed up with Labatt USA to redevelop the building into a mixed use facility including a small test brewery called the "Labatt Brew House" and restaurant called "The Draft Room" as well as Labatt's US headquarters, Terry Pegula Sports and Entertainment's headquarters, and residential space.

Terry Pegula owns a share of Black River Entertainment, an independent country music label.

Also under the Terry Pegula umbrella is Impact Sports Performance, two high performance athletic training facilities which are based in Boca Raton, Florida and LECOM Harborcenter in Buffalo.

Terry Pegula owned 716 Food and Sport, a two floor sports themed restaurant which serves as the main business tenant of LECOM Harborcenter until he sold it to Southern Tier Brewing Company in 2021.

In July 2022, Terry Pegula established Bison Wealth, a back-office consulting service based in Atlanta, Georgia.

An alumnus of Pennsylvania State University, Terry Pegula donated $102 million for the construction of the on-campus Terry Pegula Ice Arena in 2010.

Terry Pegula lives in Boca Raton, Florida, with his second wife, Kim Pegula, who grew up in Fairport, New York, and is a graduate of Houghton College.

Terry Pegula has five children, two from a previous marriage to Anne Shirley, and three with Kim.

Jessica Terry Pegula is a top 10 tennis player on the Women's Tennis Association's Pro Circuit.

Terry Pegula expressed support for legalizing ridesharing companies in upstate New York, where it had at the time remained illegal and announced intent to partner with Uber to provide transportation to Terry Pegula's sporting events.