For fifty years, Mr. Jack Gulati has been a serial entrepreneur. There is something in his DNA that just does not allow him to retire. While on his third try at retirement, he heard that the Reading Royals, a professional hockey team, playing in Reading, Pennsylvania, were in danger of being moved out of the city. Therefore, in April 2014, he purchased the Royals. Mr. Gulati also owns the Allen Americans, located in Allen, Texas. Jack has owned 44 companies in his career. However, at all times, he has always kept business and family in focus and has learned to balance both for ultimate success. He has written a book, “Serial Entrepreneur”, in the hope that others may learn from his experience.
In 1988, Jack established Fidelity Technologies in Reading. By 2004, Fidelity had grown to 225 employees and he sold the company to his three sons. Under their leadership, the company continued to expand. In 1993, he acquired Swiss-based TeleAlarm SA. By 2006, this company had become the second-largest provider of health care systems for the elderly living at home in Europe. Jack sold TeleAlarm to Bosch Healthcare.
In December 2011, he turned over Stokesay Castle, along with three other companies, to his three sons and retired for the third time. In 2015, they bought Sunnybrook, a large Restaurant and Banquet facility in Pottstown, PA.
Over the years, Jack has served in numerous civic and advisory positions. He was appointed to the Small Business Advisory Committee of FCC by President George H. W. Bush. He was also a delegate to the 1986 and 1995 White House Conferences on Small Business by President Ronald Reagan and President Bill Clinton.
He served as chairman of the National Federation of Independent Businesses of Pennsylvania. He was Chairman of the Board of Township Supervisors in Upper Merion Township, PA. He served on the Board of Chestnut Hill College in Philadelphia, PA; where they honored him by presenting to him an Honorary Doctor of Laws degree. In 1993 and 1994, he was awarded Entrepreneur of the Year Award for central Pennsylvania. Jack is a 1966 graduate of the University of Minnesota’s College of Liberal Arts, with a degree in Mathematics. In 2014, Jack received the distinction of being an Alumni of Notable Achievement Award, Of the 148,000 living graduates, approximately 1,300 have been selected for this award. He and his wife, Rosemary, have three sons, David, Charles, and Michael. Jack is also the proud grandfather of eleven grandchildren. He divides his time among Reading, PA; Bonita Springs, FL; and Avalon, NJ.