On Thursday, Toronto-based Greybrook Realty Partners Inc. announced the passing of their founder Elias Vamvakas, who passed at age 65 after fighting a “courageous battle” with pancreatic cancer.
Vamvakas is remembered by his company as a “visionary leader whose entrepreneurial spirit and dedication laid the foundation for Greybrook” as well as for being a “devoted family man [...] Guided by principles of integrity, compassion, and excellence.”
The Canadian private equity firm’s founder immigrated to Canada from Greece in 1966 before getting his start as a salesperson at London Life Insurance Company. He then served as the President of Creative Planning Financial Group and, in 1992, co-founded the uber successful TLC Vision, North America’s largest laser eye correction centre, with Dr. Jeffrey Machat. Following this success, Vamvakas was identified as one of Canada’s Top 40 Under 40 in 1996.
He went on to found or co-found numerous successful healthcare related companies including TearLab Corporation and Greenbrook TMS Neurohealth Centers.
More than 20 years ago, Vamvakas founded Greybrook, a leading Toronto-based private equity firm with a focus on real estate development. There, he served as Chairman and Partner until his death.
“Words cannot describe the immeasurable impact that Elias has had over his distinguished career on those who had the privilege of building businesses with him and knowing him personally,” said Peter Politis, CEO of Greybrook Realty Partners. “He will be deeply missed, but his principles and intentions will live on, guiding our business decisions and honouring his spirit of entrepreneurship, partnership, and doing what is right.”
