Dr. Gerry Price’s father, the son of immigrants from Wales, earned an engineering degree from Carnegie Tech in 1932 and established a one-person sales company in air distribution products in Winnipeg in 1946. Dr. Price followed in his footsteps, earning a bachelor and master of science in mechanical engineering from the University of Manitoba.
After completing his doctorate in mechanical engineering and applied mechanics at Lehigh University in Pennsylvania in 1976, Dr. Price moved to rural Alberta to work as a defense scientific services officer with the Defense Research Board of Canada. One year later, he joined E.H. Price Limited and by 1986, he was appointed President.
As chairman and CEO of what is now the Price Group of Companies, the company has grown from 250 employees to more than 3,000, and sales from $30 million to over $550 million, with 19 sales offices and 13 manufacturing sites across North America. He immersed himself in every department of the company, even moving to Singapore at one point to oversee the development of its new manufacturing site. Price Industries is now a leader in air distribution equipment and technology.
The founding principles of the company have remained the same, and reflect a deep commitment not only to customer service but to research, development and innovation. Despite branching out to sites across the globe, Dr. Price has kept his headquarters in Winnipeg.
Beyond his business acumen, he is renowned for his loyalty to his home community. At the University of Manitoba, he has established and contributed to scholarships for engineering and architecture students, supported facilities in the Faculty of Engineering, and recently established a bursary fund for Indigenous engineering students. In 2015, Dr. Price joined the President’s Campaign team for the Front and Centre campaign.
He has been instrumental in strengthening ties between the university and industry. Dr. Price was a founding member of Friends of Engineering, the Partners Program in the Faculty of Architecture, and the Associates of the I.H. Asper School of Business.
Dr. Price and his wife, Barb. are generous with their support, time and leadership, and highly committed to organizations throughout Manitoba. In 2011, they were named the Outstanding Philanthropists of the Year by the Manitoba Association of Fundraising Professionals.
In 2003, Dr. Price received the Canadian Manufacturers and Exporters Excellence Award. He was inducted into the Manitoba Manufacturers’ Hall of Fame in 2006, and became a Fellow of the Canadian Academy of Engineers in 2011. He received the Queen Elizabeth II Diamond Jubilee Medal and a University of Manitoba Distinguished Alumni Award in 2012. Manitoba’s Association of Professional Engineers and Geoscientists gave Dr. Price the Leadership Award in 2013, and the University of Winnipeg awarded him the Duff Roblin Award in 2016.
The University of Manitoba is proud to award a Doctor of Laws, honoris causa, to Dr. Gerry Price for his exceptional business success and innovation, his generous spirit, and his commitment to our province and its people.
Gerry V. Price