4 Vaughan Companies Selected to Top 50 Best Managed Companies in Canada

Source: Canada Newswire

Today, 50 Canadian companies are being recognized as the 2012 winners of Canada’s Best Managed Companies program for having demonstrated outstanding business performance and innovative management.

Growth was at the top of the agenda for Canada’s Best Managed Companies in 2012. Best Managed winners made strategic investments in their companies, platforms, their systems and in their people and in turn, revenue and income grew substantially. Best Managed winners’ revenue grew by 14% to approximately $5.4 billion and more impressively, income grew by approximately 24%.

“During the program’s 20-year history, thousands of private companies have competed for this designation,” says John Hughes, Deloitte partner, national leader for Canada’s Best Managed Companies program and leader of the Toronto Growth Enterprises practice. “This year’s winners have proven that even during a global financial crisis, they are still optimistic about the future, focusing on key operating metrics and accountability.”

Now in its 20th year, the Canada’s Best Managed Companies designation remains an emblem of pride for private Canadian organizations with revenues over $10 million. Fifty new companies have now joined the ranks of other powerhouse Canadian companies that have achieved business excellence.

“Not only are these businesses demonstrating excellence in Canada, but from coast-to-coast we are seeing more private companies expand beyond our borders,” says Dino Medves, senior vice-president, CIBC Commercial Banking. “By harnessing their strong management team, a robust business plan and a solid balance sheet, these companies have created the support necessary for strategic international investment.”

In the current soft economy, Best Managed Companies are focused on a few vital priorities to ensure their business thrives:

Best Managed Companies see the current economy as a buying opportunity. They expect mergers and acquisitions (M&A) activity to increase cautiously over the next two to five years. Best Managed Companies continue to look to strategic-alliance and joint venture activities as the initial steps to a transaction commitment and “tuck-in” acquisitions as a means to build a platform company.

Best Managed Companies are also looking to build acquisition pipelines. Since these companies have limited resources they need to be very strategic and selective about acquisitions and look for opportunities that are accretive to their businesses. In addition, there has been significant increased interest in M&As from private equity firms, not just in Canada but also in the US and UK as Best managed Companies represent significant growth opportunities for Canada’s largest investors.

2012 York Region Best Managed Companies program winners

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The Regional Municipality of York is located in the heart of the Greater Toronto Area and is home to 1.1 million residents and 42,000 business establishments, making it one of Canada’s largest municipalities and the second largest business centre in the Province of Ontario.

Comprised of nine local municipalities, York Region is a premier business location in Canada. The Region is home to operations of 14 Fortune 100 companies, four of Canada’s top 10 corporate R&D investors, Canada’s second largest Information & Communications Technology (ICT) cluster and global industry leaders in Life Sciences, CleanTech, Financial Services and Advanced Manufacturing.

As Canada’s fastest growing large municipality, York Region has one of the most educated and diverse workforces in North America, the lowest commercial property taxes in greater Toronto and an exceptional quality of life attracting top global talent.

York Region’s local municipalities include the City of Markham, the City of Vaughan, the Town of Richmond Hill, the Town of Newmarket, the Town of Aurora, the Town of Whitchurch-Stouffville, the Town of East Gwillimbury, the Town of Georgina and the Township of King.

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