Michael Richter

Forty Under 40 Winner 2016: President, co-founder and CEO, Troico, Age 39

Michael Richter became an entrepreneur at the age of 25 when he founded Solid Engineering Solutions Inc., a software company and authorized dealer of Autodesk software. Two years later, he had 15 employees, earned the coveted Shooting Star Award from Autodesk and reached platinum status within the Autodesk community.

In 2012, Richter launched Troico, a design, renovation and custom millwork company with a manufacturing facility based in Coquitlam, while maintaining his software company. He sold his software company to Cansel in 2013, focusing his attention on Troico. After acquiring the assets of a defunct high-end cabinet company, he applied his manufacturing expertise and fully automated his shop with new software and equipment upgrades. Troico has since doubled its gross sales annually, and today has about 40 full-time employees.

Richter, 39, describes his road to success as “rough,” but said he was motivated to work hard in order to spend quality time with his family.

“A lot of it was the school of hard knocks. It’s been a challenge, but I’m a gambler. I think it’s part of the excitement for me.”

Having a heavy-duty mechanic father with a love of vintage hotrods, Richter learned about mechanical engineering at a young age. He restores classic cars as a hobby, and his custom 1937 Ford roadster has won best-in-show awards in the Lower Mainland.

While he never attended post-secondary schools, Richter trained himself in AutoCAD, AutoCAD Inventor and AutoCAD Electrical software. In 2012, Richter invented a new way to use mandrel bending as an alternative to difficult cutting and welding systems in metal forming. He holds patents for the invention in both Canada and the U.S.

Richter, a father of two boys, also pioneered the fixed-pricing renovation/new build model in B.C., for which Troico is well known.

Richter’s first son was born with a cleft lip and palate and was later diagnosed with autism. Troico donates annually to Smile Train, an international charity that provides cleft repair surgery and care to children in developing countries. 

Join us to celebrate the 2016 Forty under under 40 Awards January 25, 2017 at the Vancouver Convention Centre. For tickets and event info visit www.biv.com/events/40under40.

comments powered by Disqus

More from BIV

BIV podcast (episode 107): Transportation, year in review

BIV reporters Tyler Orton, Hayley Woodin and Patrick Blennerhassett discuss the major transportation issues in the Lower Mainland.

Read Article

For the record, November 21, 2017

Email your For the Record information to: fortherecord@biv.com. Please include a high-resolution, colour headshot where possible.

Read Article

Appeal Court allows slavery suit claim against Nevsun

BC Court of Appeal ruling means civil claim against Nevsun for alleged used of forced labour at Eritrean mine can be heard in Canada

Read Article

Domestic productions in B.C. shrink amid TV boom

Canadian producers seek new partnerships as Netflix cuts into local resources

Read Article

Province’s fintechs urged to seize Asian opportunities

Vancouver firm hunts overseas for more development space, greater number of partners

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required


* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada