# Tepper Holdings

Tepper Holdings is an Asset Manager based in San Francisco, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, Canada
- **Region:** North America
- **Address:** Thornhill, ON, Canada
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** tepperholdings.com
- **LinkedIn:** https://www.linkedin.com/company/tepper-holdings-inc

## Regulatory record

- **CRD number:** 129534
- **SEC file number:** 801-68148
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/129534

## About

Tepper Holdings operates as a private holding company with deep roots in Canadian transportation and logistics, originating from the Fastfrate Group — a nationwide less-than-truckload and intermodal freight network. Founder Ron Tepper has structured the firm around a core of industrial real estate, owning terminal facilities in Calgary, Edmonton, Regina, Winnipeg, Montreal, and Ottawa that serve as critical nodes in the Canadian supply chain. The asset base reflects a long-duration infrastructure posture, with properties tied to the operational needs of Fastfrate and its affiliated entities. The firm deploys capital across manufacturing, warehousing, and technology businesses, functioning more as a permanent capital vehicle than a traditional fund manager. Real property holdings include the Fastfrate headquarters in Calgary and the Edmonton Terminal on 56th Avenue, alongside aviation assets such as a Falcon 900DX operated through THI Aviation. Operations span at least six Canadian provinces, with an additional footprint in Charlotte, North Carolina through the leasing relationship at Bank of America Stadium. Tepper Holdings maintains the Fastfrate Group and related entities — ASL Distribution and Challenger Motor Freight — as core operating companies that have earned Platinum Club membership in Canada's Best Managed Companies program. The firm's personnel ties extend into professional sports and institutional finance: Ron Tepper partners commercially with David Tepper, the founder of Appaloosa Management and owner of the NFL's Carolina Panthers and MLS's Charlotte FC. Structurally, Tepper Holdings blurs the line between a family office and an operating conglomerate. Rather than raising third-party capital, it functions as a non-bank holding company that captures value from the logistics operations it controls. Ownership and governance appear concentrated between Ron Tepper and co-owner Audrey Tepper, with CFO Leonard Wyss overseeing financial management. A dedicated philanthropic vehicle, Audrey's Place Foundation, runs alongside the commercial holding company.

## Sectors

- Real Estate
- Infrastructure
- Industrial Tech
- Manufacturing
- Logistics

## Offices

- Calgary, AB, Canada
- Edmonton, AB, Canada
- Regina, SK, Canada
- Rosser, MB, Canada
- Lachine, QC, Canada
- Ottawa, ON, Canada
- Charlotte, NC, United States

## People

- Ron Tepper — Founder and President
- Audrey Tepper — Co-owner
- Leonard Wyss — CFO

## Questions

### What is Tepper Holdings' relationship with Fastfrate Group?

Tepper Holdings is the holding entity for the Fastfrate Group and its affiliates, including ASL Distribution and Challenger Motor Freight. The firm owns the industrial terminals that Fastfrate operates across Canada. The relationship is structural — Tepper Holdings captures real estate and operational value from the logistics network, with Fastfrate serving as the primary operating company.

### Does Tepper Holdings invest outside of Canada?

The firm's industrial asset base is concentrated in Canada, spanning terminals from Montreal to Edmonton. It maintains a US presence through a leasing relationship at Bank of America Stadium in Charlotte, North Carolina, connected to its partnership with David Tepper. The aviation asset — a Falcon 900DX — enables cross-border mobility.

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- [TEPCO Ventures](https://altss.com/profile/tepco-ventures)
- [Tequity AB](https://altss.com/profile/tequity-ab)

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Last updated: 2026-06-03T20:00:00.000Z

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