Terrence M. "Terry" Pegula (born March 27, 1951) is an American businessman. Pegula founded East Resources

East Resources

East Resources, Inc., an oil and gas exploration and production company, was founded in 1983 by Terrence M. Pegula. East Resources sold its assets in New York, Pennsylvania, and the Rockies to an affiliate of Royal Dutch Shell in July 2010....

, a natural gas drilling company, before selling the company to Royal Dutch Shell

Royal Dutch Shell

Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...

 for approximately $4.7 billion.

Since his cashout, he has been known for his contributions to ice hockey

Ice hockey

Ice hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...

; having donated $88 million for the construction of the Pegula Ice Arena on the campus of Penn State University. On February 18, 2011, he bought the NHL's Buffalo Sabres

Buffalo Sabres

The Buffalo Sabres are a professional ice hockey team based in Buffalo, New York. They are members of the Northeast Division of the Eastern Conference of the National Hockey League .-Founding and early success: 1970-71—1980-81:...

 (along with the Buffalo Bandits

Buffalo Bandits

The Buffalo Bandits are a team in the National Lacrosse League . They play at the First Niagara Center in Buffalo, New York. The Bandits played in the Major Indoor Lacrosse League from 1992 to 1997, until the MILL turned into the NLL in 1998....

 indoor Lacrosse franchise) from previous owners Tom Golisano

Tom Golisano

Blase Thomas Golisano is an American businessman and philanthropist. He is the founder of Paychex, the second-largest payroll processor in the United States and former co-owner of the Buffalo Sabres hockey team and of the Buffalo Bandits lacrosse team...

, Larry Quinn

Larry Quinn (ice hockey)

Larry Quinn is an American ice hockey executive and businessman, best known for his involvement with the Buffalo Sabres of the NHL...

, and Dan DiPofi for $189 million. Pegula's purchase made an immediate positive impact, with players, fans and alumni invigorated by his investment in the team. Pegula was quoted as saying, "Starting today, the Buffalo Sabres reason for existence, will be to win a Stanley Cup." In May 2011, Pegula began negotiations on behalf of the Sabres to repurchase the Rochester Americans

Rochester Americans

The Rochester Americans are a professional ice hockey team in the American Hockey League, and a top affiliate of the Buffalo Sabres. The team plays its home games in Rochester, New York, at the Blue Cross Arena at the War Memorial...

, which had served as the Sabres' American Hockey League

American Hockey League

The American Hockey League is a 30-team professional ice hockey league based in the United States and Canada that serves as the primary developmental circuit for the National Hockey League...

 affiliate from 1979 to 2008 (and had been owned by the Sabres from 1979 to 1996); the deal was completed in late June of 2011. Pegula also owns a share of Black River Music Group

Black River Music Group

Black River Music Group is an independent record label in Nashville, Tennessee, specializing in country music.- Background :Black River Music Group started in early 2007 by Nashville session player, Jimmy Nichols , Tonya Cochran Ginnetti, and billionaires Terry and Kim Pegula...

, an independent country music

Country music

Country music is a popular American musical style that began in the rural Southern United States in the 1920s. It takes its roots from Western cowboy and folk music...

 label that includes among its artists Craig Morgan and Sarah Darling

Sarah Darling

Sarah Darling is an Amercian country music singer and songwriter.Darling was discovered via her MySpace music page where producer Jimmy Nichols heard one of her songs, "Stop the Bleeding", and signed her to his label, Black River Music Group...

.

Pegula lives in Boca Raton, Florida

Boca Raton, Florida

Boca Raton is a city in Palm Beach County, Florida, USA, incorporated in May 1925. In the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. However, the majority of the people under the postal address of Boca Raton, about...

 along with his wife, Kim Pegula. They have five children: Michael, Laura, Jessica (Jessie), Kelly and Matthew. Jessica Pegula

Jessica Pegula

Jessica Pegula is an American professional tennis player.-Career:Pegula plays on the ITF Circuit.On August 30, 2011, Pegula was granted a wild-card exemption into the main draw of the U.S. women's doubles tournament where she was paired with Taylor Townsend.-Personal life:Pegula is the daughter of...

 is a tennis player on the United States Tennis Association

United States Tennis Association

The United States Tennis Association is the national governing body for the sport of tennis in the United States. A not-for-profit organization with more than 700,000 members, it invests 100% of its proceeds to promote and develop the growth of tennis, from the grass-roots to the professional levels...

's Pro Circuit.

External links

• Terrence M. Pegula - Profile at sabres.com