Tag Archives: Mark Malekoff

Michigan Tech Hockey Hero turned Energy Entrepreneur

Mark Malekoff was a member of the Michigan Tech Ice Hockey team before graduating in 2008 when her earned his Bachelors in Business Administration.
Mark Malekoff was a member of the Michigan Tech Ice Hockey team before graduating in 2008 when he earned his Bachelors in Business Administration.

Mark Malekoff jokingly refers to his four companies as his “backup plan.” The original plan was to become a star in the National Hockey League.

The Grande Prairie-born-and-raised entrepreneur was captain of the local Alberta Junior Hockey League team, the Storm, before receiving a scholarship to play for the Huskies at Michigan Technological University. Plans for an NHL career changed in Michigan, however, as Malekoff studied finance and developed an interest in business and entrepreneurship that set him up to run his own company – then companies – back in Grande Prairie.

After graduating in 2008, Malekoff returned home where he quickly found work as a business analyst with Bonnett’s Energy Corp. and found an opportunity to volunteer coaching AAA hockey. Not one to sit still, he also began working towards a certified management accountant designation, which he received in 2011.

In what he calls his “spare time” between working at Bonnett’s, studying for his CMA and coaching, Malekoff took on enough debt to purchase three rig mats and begin renting them out to energy services companies in and around Grande Prairie. That was the beginning of his first business, TriTech Energy Services Inc., which now rents sour service storage tanks, pipe skids, manifolds and flowlines in addition to rig matting.

Inspired by British billionaire Richard Branson’s “screw it, let’s do it” attitude, Malekoff eventually took on more debt to acquire a safety and training business in June 2013. That acquisition became TriTech Safety and Training Inc., Malekoff’s second company, which provides at least four courses a day for oilfield personnel throughout Alberta and northeastern B.C. who require first aid, hydrogen sulfide or workplace hazardous information system training.

Was taking on debt nerve-wracking? Definitely. “You go from college, where you don’t have a lot of cash, to taking on a mortgage, and then taking on debt payments,” the now 30-year-old serial entrepreneur says, though he echoes Branson’s optimism: “Just go for it.”

This year, he decided to launch two more companies: Nakoda Energy Services and Rise Energy Services. The first business targets hydraulic fracturing companies and hopes to sell them third-party heat-capturing inflatable lid systems for their frack tanks, which he says can reduce water heating budgets for pressure-pumping companies by $20,000 per day. Rise Energy Services meanwhile offers downhole tools services to drilling companies in the field.

Asked if he has always had an inclination toward entrepreneurship, Malekoff says no. Not when he was a young boy or a teenager – he didn’t have time. “I was always pretty tied up playing hockey,” he says.

This story was written by Alberta Oil Staff for Alberta Oil Magazine.


APMP Wins Value Category at RISE Competition

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The Applied Portfolio Management Program’s Gold Team won the seventh annual RISE (Redefining Investment Strategy Education) conference, the largest North American student investment conference. The APMP won the “value” category with the highest risk-adjusted return for 2006 in the undergraduate division at the national investment competition.

Held in Dayton, Ohio, the competition and conference was March 29-31, 2007. This is the second year that the APMP has won top honors at RISE and continues the APMP’s record of superior placement at the conference.

At this year’s conference, the APMP reported a 2006 annual return of 20.96% with only a 2.31% standard deviation in monthly returns.

Representing the School of Business and Economics at RISE were Kelly Guzzardo-Plewa, Adam Michaud, Josh Vehring, Devin Magnuson, Mark Malekoff, Lorn Randell, Molly Bush, Lee Warlin, Tyler Skworchinski, Shawn Granlund, Ted Simonson, Cody Meier. Associate Professor Dean Johnson is the Founding Director of the APMP.

RISE is a student investment strategy symposium hosted by the University of Dayton. Modeled after the World Economic Forum, RISE connects investment students and faculty with Wall Street professionals in interactive discussions.

More than 1,700 participants from 218 colleges and universities, representing every state and continent, attended this year’s RISE symposium.

RISE included presentations by some of the biggest names on Wall Street and business, including Ralph Alvarez, President and COO of McDonald’s Corp; Paul Atkins, Commissioner of the U.S. Securities and Exchange Commission; Peter Coors, Chairman Molson Coors Brewing Company; Dr. Hatzius, Chief U.S. Economist Goldman Sachs; Knight Kiplinger, Editor in Chief of Kiplinger’s Personal Finance; and Dr. Ortiz the Governor of the Bank of Mexico.

The conference also included portfolio management workshops; career strategy sessions; and networking opportunities.

The New York Stock Exchange, The Wall Street Journal, CNBC, TIAA-CREF, the United Nations and Deutsche Asset Management sponsored the event.

The APMP manages over $1 million in the equity and fixed income markets. APMP designated donations to the Michigan Tech Fund from alumni and friends provide support for student travel and scholarships. For more information on the Applied Portfolio Management Program please visit: http://www.apmp.mtu.edu