Welcome!

News Feed Item

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:

Profitability

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.

Talent

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.

Innovation

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      globalrelay.com
                                     Columbia
----------------------------------------------------------------------------
Island West Coast    Construction    British      iwcd.ca
Developments Ltd.                    Columbia
----------------------------------------------------------------------------
Purdys Chocolatier   Retail          British      purdys.com
                                     Columbia
----------------------------------------------------------------------------
Borger Group of      Construction    Alberta      borger.ca
Companies
----------------------------------------------------------------------------
CCI Inc.             Oil & Gas       Alberta      ccisolutions.ca
----------------------------------------------------------------------------
Community Natural    Grocery         Alberta      communitynaturalfoods.com
Foods Ltd.
----------------------------------------------------------------------------
Graycon Group Ltd.   IT Consulting   Alberta      graycon.com
----------------------------------------------------------------------------
Jersey City/Capz     Retail          Alberta      jerseycity.ca
Canada
----------------------------------------------------------------------------
KUDU                 Manufacturing   Alberta      kudupump.com
----------------------------------------------------------------------------
Sealweld Corporation Manufacturing / Alberta      sealweld.com
                     Services &
                     Training
----------------------------------------------------------------------------
Upside Engineering   Engineering /   Alberta      upsideeng.com
Ltd.                 Design
----------------------------------------------------------------------------
Vista Projects       Engineering     Alberta      vistaprojects.com
Limited
----------------------------------------------------------------------------
FourQuest Energy     Oilfield        Alberta      fourquest.com
                     Services
----------------------------------------------------------------------------
Landmark Group of    Construction    Alberta      landmarkgroup.ca
Builders
----------------------------------------------------------------------------
PrairieCoast         Retail          Alberta      prairiecoastequipment.com
Equipment
----------------------------------------------------------------------------
Scandinavian         Commercial      Alberta      scandinavian.ca
Building Services    Cleaning /
                     Janitorial /
                     Maintenance
----------------------------------------------------------------------------
Westcorp Inc.        Real Estate     Alberta      westcorp.net
----------------------------------------------------------------------------
Arconas              Manufacturing   Ontario      arconas.com
----------------------------------------------------------------------------
Canadian Tire        Retail          Ontario      corp.canadiantire.ca
Corporation, Limited
----------------------------------------------------------------------------
Charger Logistics    Transportation  Ontario      chargerlogistics.com
Inc                  & Logistics
----------------------------------------------------------------------------
Deep Foundations     Construction    Ontario      deep.ca
Contractors Inc.
----------------------------------------------------------------------------
Kids & Company       Childcare       Ontario      kidsandcompany.com
----------------------------------------------------------------------------
Maxium Financial     Financial       Ontario      maxium.net
----------------------------------------------------------------------------
Modu-Loc Fence       Construction &  Ontario      modu-loc.ca
Rentals              Events
----------------------------------------------------------------------------
Molinaro's Fine      Food            Ontario      molinaros.com
Italian Foods Ltd.   Manufacture /
                     Retail
----------------------------------------------------------------------------
MHS Inc.             Publishing      Ontario      mhs.com
----------------------------------------------------------------------------
Skyline              Hospitality /   Ontario      skylineinvestments.com
International        Real Estate
Development
----------------------------------------------------------------------------
ASTOUND Group        Design &        Ontario      astoundgroup.com
                     Fabrication
----------------------------------------------------------------------------
Napoleon Group of    Manufacturing   Ontario      napoleonproducts.com
Companies
----------------------------------------------------------------------------
Deslaurier Custom    Custom Cabinets Ontario      deslaurier.ca
Cabinets Inc.        & Millwork
----------------------------------------------------------------------------
J.L. Richards &      Engineering /   Ontario      jlrichards.ca
Associates Limited   Architecture /
                     Planning
----------------------------------------------------------------------------
Voyageur             Transportation  Ontario      voyageurtransportation.ca
Transportation
Services
----------------------------------------------------------------------------
CenterLine (Windsor) Welding         Ontario      cntrline.com
Limited              Equipment
----------------------------------------------------------------------------
Flanagan Foodservice Food Service    Ontario      flanagan.ca
Inc.                 Distribution
----------------------------------------------------------------------------
peopleCare Inc.      Senior / Long-  Ontario      peoplecare.ca
                     Term Care
----------------------------------------------------------------------------
PointClickCare       Technology      Ontario      pointclickcare.com
----------------------------------------------------------------------------
Driving Change       Auto Dealership Saskatchewan dcag.ca
Automotive Group     (Automotive)
Ltd.
----------------------------------------------------------------------------
FWS Group of         Design-Build /  Manitoba     fwsgroup.com
Companies            Construction
----------------------------------------------------------------------------
J. Sonic Services    Hardwood        Quebec       jsonic.ca
Inc.                 Flooring /
                     Consumer
                     Electronics
----------------------------------------------------------------------------
Laurentide Controls  Automation      Quebec       laurentide.com
                     Solutions
----------------------------------------------------------------------------
Lanctot Ltee         Sporting Goods  Quebec       rlanctot.com
                     / Apparel /
                     Ophthalmic
                     Frame
                     Distributor
----------------------------------------------------------------------------
Lemay                Architects /    Quebec       lemayonline.com
                     Designers /
                     Urban Planners
----------------------------------------------------------------------------
Agri-Marche Inc.     Animal Feed /   Quebec       agri-marche.com
                     Breeding Farms
                     & Grain Trading
----------------------------------------------------------------------------
Momentum             Professional    Quebec       momentumtechnologies.ca
Technologies Inc.    Services
                     Automation / IT
----------------------------------------------------------------------------
AMEC Black &         Oil & Gas       Atlantic     amecblackandmcdonald.com
McDonald Limited     Services
----------------------------------------------------------------------------
Cherubini Metal      Structural      Atlantic     cherubinigroup.com
Works Limited        Steel
----------------------------------------------------------------------------
J.W. Lindsay         Construction    Atlantic     jwlindsay.ca
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
    review).
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 www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

To view the image associated with this press release, please visit the following link: http://www.marketwire.com/library/20140324-935150_ENG800.jpg

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.