Canada's Best Managed Companies Show a Strong Investment Mindset
Winners Set the Bar High With a Customer-Centric Approach
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E-mailTORONTO, ON -- (Marketwired) -- 03/10/15 -- Today, Deloitte announced the winners of the 2014 Canada's Best Managed Companies awards program, recognizing excellence in Canadian owned and managed companies. This year's winners are characterized by their continued focus on customer relationships as the foundation for growth. Best Managed companies have exhibited exceptional business performance and outstanding leadership in the Canadian marketplace, sharing an investment mindset that places them amongst the best in class.
Through the recession, Best Managed companies continued to invest while most companies mined cash flow and remained conservative on investments. The investment risk taken by Best Managed companies contributes to strong growth and financial performance, putting them ahead of other organizations that waited until the economy reset in the post-recession to make investing in their business a priority.
"Investing involves risk because the outcome is unknown," said Peter E. Brown, National Co-Leader of Canada's Best Managed Companies program and Senior Practice Partner at Deloitte. "However, remaining stagnant poses a greater risk than the risk of potential failure because investing is critical to growth."
Technology is a key investment area and priority for Best Managed companies whether it's systems implementation, consolidation or upgrades to the front end or the back office. Best Managed companies invest in technology to help maximize productivity. It also provides access to data to enable greater efficiency with business processes and to gather insights to help strengthen customer relationships.
"CIBC celebrates the accomplishments of this year's winners who have reached the highest levels of business excellence," said Jon Hountalas, Executive Vice-President, Business Banking, CIBC. "They demonstrate the significant impact that Canadian private companies make from coast-to-coast by pursuing innovation and investing in meeting the needs of their clients."
Best Managed companies also take innovative approaches to remain competitive forging strategic alliances and partnerships to enter a new geography or sector. M&A deals were predominately smaller and focused on horizontal and vertical integration to help with cost management and to secure a larger portion of the customer market from its competitors. The 2014 Best Managed winners are agile and adapt to customer needs and expectations by continuously challenging themselves to evaluate their strategy between focusing on a niche market or real diversification.
"Best Managed companies take a customer-centric strategy. The decision to diversify or take a niche approach will be unique to each company. What sets a Best Managed company apart is the ability to execute on the strategy," said Mike Runia, National Co-Leader of Canada's Best Managed Companies program and Ontario Managing Partner, Deloitte. "Goals become a reality when every individual within an organization is committed and understands what they can do to help actualize the strategy."
The 2014 Best Managed recipients include:
Company Name Sector Region
AFD Petroleum (http://www.afdpetroleum.com) Consumer Business Alberta
(including: retail,
wholesale
distribution,
transportation,
travel)
Albi Homes Ltd. (http://www.albihomes.com) Luxury Home Building Alberta
Almag Aluminum Inc. (http://almag.com) Manufacturing Ontario
(including: life
sciences)
BEST Service Pros (http://www.best.ca) Facilities Services British
Columbia
Blue Water Group Consumer Business Atlantic
(http://www.bluewatergroup.ca) (including: retail,
wholesale
distribution,
transportation,
travel)
Boire & Frères inc. (http://www.boire.qc.ca) Aviculture Quebec
BrandAlliance (http://www.brandalliance.com) Promotional Ontario
Marketing
BroadGrain Commodities Agricultural Ontario
(http://www.broadgrain.com) Commodities
Callisto Integration Corp. Technology, Media, Ontario
(http://www.callistointegration.com) Telecommunications
(including:
printing,
publishing)
Campus Living Centres Provision of Ontario
(http://www.campuslivingcentres.com) privately owned or
managed student
housing
CFR Chemicals Inc Consumer Business Alberta
(http://www.cfrchemicals.com) (including: retail,
wholesale
distribution,
transportation,
travel)
Croesus Finansoft (http://croesus.com) Technology, Media, Quebec
Telecommunications
(including:
printing,
publishing)
Dental Corporation of Canada Dental Ontario
(http://www.dentalcorp.ca)
Distech Controls (http://www.distech- Technology, Media, Quebec
controls.com) Telecommunications
(including:
printing,
publishing)
Eclipse Automation Manufacturing Ontario
(http://www.eclipseautomation.com) (including: life
sciences)
F. Ménard Inc. (http://www.fmenard.com) Agrifood Quebec
Fenplast Portes & Fenêtres Manufacturing Quebec
(http://www.fenplast.com) (including: life
sciences)
FFUN Enterprises Inc. (http://www.ffun.com) Consumer Business Saskatchew
(including: retail, an
wholesale
distribution,
transportation,
travel)
Forbes Bros Ltd. (http://www.rsline.ca) Powerline and Alberta
utility construction
Gerrie Electric Wholesale Limited Consumer Business Ontario
(http://www.gerrie.com) (including: retail,
wholesale
distribution,
transportation,
travel)
Grascan Construction Ltd. Consumer Business Ontario
(http://grascan.com) (including: retail,
wholesale
distribution,
transportation,
travel)
Hibar Systems Limited (http://www.hibar.com) Manufacturing Ontario
(including: life
sciences)
Integral Energy Services Ltd. Oil & Gas Electrical Alberta
(http://www.integralenergy.ca) & Instrumentation
Construction
International Language Academy of Canada Education Ontario
(http://www.ilac.com)
Le Groupe Maurice Real Estate Quebec
(http://www.legroupemaurice.com) (including:
engineering,
construction,
architecture)
LMC Group of Companies (http://www.lmc- Real Estate Atlantic
ltd.ca) (including:
engineering,
construction,
architecture)
Locweld (http://www.locweld.com) Manufacturing Quebec
(including: life
sciences)
Mike & Mike's Organics Consumer Business Ontario
(http://mikeandmikes.com) (including: retail,
wholesale
distribution,
transportation,
travel)
Minard's Leisure World Consumer Business Saskatchew
(http://www.minardsleisureworld.com) (including: retail, an
wholesale
distribution,
transportation,
travel)
NAMCO Machine & Gear Works Ltd. Manufacturing Alberta
(http://www.namco.ca) (including: life
sciences)
Number Ten Architectural Group Real Estate Manitoba
(http://www.numberten.com) (including:
engineering,
construction,
architecture)
Pelican International Manufacturing Quebec
(http://www.pelicansport.com) (including: life
sciences)
Prodomax Automation Inc. Industrial Ontario
(http://www.prodomax.com) Automation
Rocky Mountaineer Consumer Business British
(http://www.rockymountaineer.com) (including: retail, Columbia
wholesale
distribution,
transportation,
travel)
Scout Logistics Corporation Transporation and Ontario
(http://www.scoutlogistics.com) Logistics
Skyline Group of Companies Real Estate Ontario
(http://www.skylineonline.ca) (including:
engineering,
construction,
architecture)
South Shore (http://www.southshore.ca) Manufacturing Quebec
(including: life
sciences)
Spectra Premium Manufacturing Quebec
(http://www.spectrapremium.com/accueil.html (including: life
) sciences)
Stelpro (http://www.stelpro.com) Manufacturing Quebec
(including: life
sciences)
STI Technologies Limited Healthcare IT Atlantic
(http://www.smartsti.com)
Structube (http://www.structube.com) Consumer Business Quebec
(including: retail,
wholesale
distribution,
transportation,
travel)
Superior Lodging Corp. Real Estate Alberta
(http://www.superiorlodgingcorp.com) (including:
engineering,
construction,
architecture)
Terrapro Group Inc. Oil & Gas Services Alberta
(http://www.terraprogroup.com)
The Hidi Group (http://www.hidi.com) Real Estate Ontario
(including:
engineering,
construction,
architecture)
The K-Line Group (http://www.k-line.ca) Utility Contractor Ontario
Trailer Wizards Ltd. Consumer Business British
(http://www.trailerwizards.com) (including: retail, Columbia
wholesale
distribution,
transportation,
travel)
Tundra Process Solutions Ltd. Consumer Business Alberta
(http://www.tundrasolutions.ca) (including: retail,
wholesale
distribution,
transportation,
travel)
Vega (http://www.myvega.com) Consumer Business British
(including: retail, Columbia
wholesale
distribution,
transportation,
travel)
Weston Forest Products Distribution and Ontario
(http://westonforest.com) remanufacturing of
lumber
WhiteWater West Industries Ltd. Manufacturing British
(http://www.whitewaterwest.com) (including: life Columbia
sciences)
A complete list of Best Managed winners, Requalified winners, Gold Standard winners, Gold Standard requalified winners and Platinum Club winners is available here: https://www.bestmanagedcompanies.ca/en/meetourwinners/Pages/Home.aspx
About Canada's Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for their 4th consecutive year); 4) Gold Standard requalified winner (Award recipients that have applied and successfully retained their Gold Standard designation for two additional years, subject to annual operational and financial review); 5) Platinum Club member (Winners have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, National Post, Queen's School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
About Deloitte
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
For more information, please contact: Jeannie TsangDeloitteManager, Public Relations416-643-8084 / [email protected] Marilyne PlouffeDeloitteCoordinator, Public [email protected]
Source: Deloitte & Touche
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