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Canada's Best Managed Companies Achieve Double Digit Growth

High growth and success attributed to focused strategy and investment in people

TORONTO, ONTARIO -- (Marketwired) -- 03/25/14 -- Editors Note: There is an image associated with this press release.

Deloitte today announced the winners of Canada's Best Managed Companies program. The award recognizes Canadian privately owned and managed companies for outstanding business performance and innovative management. Winning companies achieved success through investing in their people. They showed resolve and ability to build and grow sustainable businesses for the long term with double digit growth, outpacing Canada's forecasted 3 percent economic growth rate. More impressively those that have significant exports, grew those export sales by over 40 percent.

"Best Managed companies lead the way with a clear vision focused on growth in new markets and product lines to drive profitability. They put the right people with the right skill sets in place, because that's what drives financial results," said John Hughes, Deloitte Canada's Managing Partner, Growth Enterprises, and National Leader of Canada's Best Managed Companies program. "Best Managed companies are willing to share insights that can help all private companies grow, and that's important for Canada as a whole."

Best Managed companies focus on their people through internal employee relations, investment in skilled talent, partnerships with external sources and strengthening relationships with customers. They communicate more and recognize individual contributions using key performance indicators to successfully move the business forward. Many of this year's winners hired senior people with specific skill sets to accelerate their development and add value and deliver outcomes.

"Achieving the Best Managed designation speaks to strong corporate leadership. In looking at this year's applicants, what stood out for us with the winners was that they are more dedicated than ever to pursuing profitable growth," says Dino Medves, Senior Vice-President, Commercial Banking, CIBC, a long time sponsor of the program. "In the face of a changing global marketplace, these companies are building efficiencies and driving down costs. By growing aggressively and profitably, they are strategically expanding their operations, while making a significant contribution to the Canadian economy."

Key areas of focus for Best Managed companies include:


During the recession, many companies focused on cost cutting to match expected declines in revenue. As the economic picture improves, Best Managed companies are coming out ahead because they shifted their focus from cost cutting to growth and profitability. Best Managed companies concentrate their efforts on a specific segment or customer base which has generated on average higher revenue growth and profitability.


Best Managed companies engage their people in meaningful conversations to help their team members understand their organization's overall purpose and vision. With talent being the most important aspect of success, working conditions, opportunities for growth, training and development, along with self-reflection through non-routine questionnaires have been integral to determining if organizations are doing the right thing to win. Employee surveys and discussions help a company define its "higher purpose" about why it exists and how it adds value to stakeholders, customers and employees.

M&A activity as a prime driver of growth

Deals that involve more risk and are greater in complexity can have a transformational impact as a growth strategy. Many Best Managed companies have taken an M&A mindset to further their market reach, find economies of scale for purchases and develop talent pools that can build strategies to reach new markets and customers.

Closing the productivity gap

Deloitte research found that lagging firm-level investment and risk taking by mature Canadian companies in areas like technology and machinery and equipment leaves Canada lagging behind the US and other developed countries.

Helping to close that gap, Best Managed companies made investments in enterprise resource planning systems and customer relationship management systems that help increase productivity to sell into their customer base and attract new customers more efficiently.

Investments made in technology and infrastructure have seen above average returns for greater employee productivity, accelerated growth and development in new products and services that offer a competitive edge.


Continued investments in capital assets and technology help drive innovation to grow profitability. Best Managed companies are expanding operations to capture more complex and multi-national projects with multiple disciplines and partners to create a more compelling profit story.

2013 Canada's Best Managed Companies Winners

Company Name         Sector          Region       Website
Global Relay         IT              British
Island West Coast    Construction    British
Developments Ltd.                    Columbia
Purdys Chocolatier   Retail          British
Borger Group of      Construction    Alberta
CCI Inc.             Oil & Gas       Alberta
Community Natural    Grocery         Alberta
Foods Ltd.
Graycon Group Ltd.   IT Consulting   Alberta
Jersey City/Capz     Retail          Alberta
KUDU                 Manufacturing   Alberta
Sealweld Corporation Manufacturing / Alberta
                     Services &
Upside Engineering   Engineering /   Alberta
Ltd.                 Design
Vista Projects       Engineering     Alberta
FourQuest Energy     Oilfield        Alberta
Landmark Group of    Construction    Alberta
PrairieCoast         Retail          Alberta
Scandinavian         Commercial      Alberta
Building Services    Cleaning /
                     Janitorial /
Westcorp Inc.        Real Estate     Alberta
Arconas              Manufacturing   Ontario
Canadian Tire        Retail          Ontario
Corporation, Limited
Charger Logistics    Transportation  Ontario
Inc                  & Logistics
Deep Foundations     Construction    Ontario
Contractors Inc.
Kids & Company       Childcare       Ontario
Maxium Financial     Financial       Ontario
Modu-Loc Fence       Construction &  Ontario
Rentals              Events
Molinaro's Fine      Food            Ontario
Italian Foods Ltd.   Manufacture /
MHS Inc.             Publishing      Ontario
Skyline              Hospitality /   Ontario
International        Real Estate
ASTOUND Group        Design &        Ontario
Napoleon Group of    Manufacturing   Ontario
Deslaurier Custom    Custom Cabinets Ontario
Cabinets Inc.        & Millwork
J.L. Richards &      Engineering /   Ontario
Associates Limited   Architecture /
Voyageur             Transportation  Ontario
CenterLine (Windsor) Welding         Ontario
Limited              Equipment
Flanagan Foodservice Food Service    Ontario
Inc.                 Distribution
peopleCare Inc.      Senior / Long-  Ontario
                     Term Care
PointClickCare       Technology      Ontario
Driving Change       Auto Dealership Saskatchewan
Automotive Group     (Automotive)
FWS Group of         Design-Build /  Manitoba
Companies            Construction
J. Sonic Services    Hardwood        Quebec
Inc.                 Flooring /
Laurentide Controls  Automation      Quebec
Lanctot Ltee         Sporting Goods  Quebec
                     / Apparel /
Lemay                Architects /    Quebec
                     Designers /
                     Urban Planners
Agri-Marche Inc.     Animal Feed /   Quebec
                     Breeding Farms
                     & Grain Trading
Momentum             Professional    Quebec
Technologies Inc.    Services
                     Automation / IT
AMEC Black &         Oil & Gas       Atlantic
McDonald Limited     Services
Cherubini Metal      Structural      Atlantic
Works Limited        Steel
J.W. Lindsay         Construction    Atlantic
Enterprises Limited

About Canada's Best Managed Companies

Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed private 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 four levels:

1.  Best Managed winner (one of the 50 new winners selected each year).
2.  Requalified member (repeat winners retain the Best Managed designation
    for two additional years, subject to annual operational and financial
3.  Gold Standard member (winners that retain the Best Managed designation
    for four to six consecutive years).
4.  Platinum Club member (winners that maintain Best Managed status for a
    minimum of six consecutive years).

Program sponsors are Deloitte, CIBC, National Post, Queen's School of Business and MacKay CEO Forums.The 2014 Best Managed program will introduce an Alumni Category open to past winners that no longer meet the current program ownership criteria. Nominations will be open for past Best Managed winners that are predominately managed in Canada that are in good standing with its reputation and results. The new Alumni Category will provide successful applicants with an opportunity to share in the program.

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 for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

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