Canada’s Best Managed Companies investing in technology and talent for future success

Toronto, March 7, 2019 - Deloitte announces the winners of its Canada’s Best Managed Companies awards program, highlighting the top privately-owned Canadian companies with annual revenues over $15 million. With 47 new winners in 2019, this year’s companies attribute success to an increased focus on investment in technology and talent, innovation, and cross-border business. Best Managed winners also make future planning a priority by actively identifying and preparing for new challenges on the horizon.

“Every year the bar set by this elite roster of Best Managed companies is raised higher,” said Peter E. Brown, National Co-Leader of the Canada’s Best Managed Companies program and Partner, Deloitte Private. “Now 26 years since the program’s inception, Best Managed companies are taking their successes global. Not only are winners securing Canada’s place on the world stage, they’re also proving to be more productive and sustainable across borders.”

While Canada’s Best Managed Companies continue to excel and find success in 2019, a leading trait among winners is a sharp focus on the future. By actively preparing for tomorrow, Best Managed companies are demonstrating resilience ahead of new challenges. According to a recent Deloitte study, ‘Outlast and outperform’, companies that make choices with a view toward long-term success have average revenues 47 per cent higher than those that do not.

“This year’s Best Managed winners know what it takes to succeed in the future. By investing in innovation and embracing a people-centric approach, these companies are outpacing their competition,” said Lorrie King, National Co-Leader of the Canada’s Best Managed Companies program and Partner, Deloitte Private. “In thinking long term, these companies are already ahead of the curve and are set to be better prepared and successful in the years to come.”

“This year's winners demonstrate exceptional leadership and commitment to drive growth,” said Dino Medves, Senior Vice-President and Head, Commercial Banking at CIBC, a long-standing sponsor of the program. “Their success is a result of taking a deliberate approach to build strong teams and a vested interest in the future development of their talent."

Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. Generation after generation, Deloitte Private has been by the side of the entrepreneurs transforming Canada’s economy – and under its wing, the Best Managed program has grown to include 477 companies, offering a strong network to support the 47 winners of 2019. The network continues its expansion beyond Canadian borders, now with presence in 14 countries globally.

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 $15 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) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies 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 4-6 consecutive years); 4) Platinum Club member (Winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business and TMX Group. For further information, visit http://www.bestmanagedcompanies.ca.

About Deloitte Private
Getting you there

Generation after generation, Deloitte has been by the side of the entrepreneurs transforming Canada’s economy. Deloitte Private is exclusively focused on serving private clients — of all sizes. We know that the journey to success requires strategic decision making and being opportunistic at the right moment. As Canada’s largest professional services advisor to private clients, we are passionate and committed to your future success—always looking ahead to anticipate your needs and prepare you for any unforeseen challenges ahead. Deloitte Private will help you achieve your goals and get you where you want to be. Our focus is getting you there… and beyond. Please connect with us on LinkedIn, Twitter or Facebook.

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.