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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:

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

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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

Contacts:
Jeannie Tsang
Manager, Public Relations
Deloitte
(416) 643-8084 / (416) 576-9016
[email protected]

Marilyne Plouffe
Co-ordinator, Public Relations
Deloitte
(514) 393-5471
[email protected]

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