Following their father's death in 1992, ownership and responsibility for the Irving companies was divided as follows:
Arthur Irving has served as Chancellor of Acadia University in Wolfville, Nova Scotia from 1996–2010.
In 2002, he was made an Officer of the Order of Canada. In 2012, he was made a member of the Order of New Brunswick.
In 2008, along with his brothers he was inducted into the Canadian Business Hall of Fame.