Three automotive aftermarket companies have been chosen part of an elite group of organizations named “Canada’s 50 Best Managed Companies.” The three companies are Wakefield Canada, Toronto, Ont., Gregg Distributors, of Edmonton, Alta., and Ideal Supply Company Limited, Listowel, Ont.
In program run by Deloitte, fifty of the country’s leading private organizations, spanning a wide array of industries, have earned the distinction of Best Managed Company by demonstrating business excellence through a rigorous and independent process that evaluates their management abilities and practices. “After two years of shoring up, deleveraging balance sheets and focusing on cost reduction strategies, Canadian businesses now have growth back on the agenda,” said John Hughes, Deloitte partner, Private Company Services, and national leader of Canada’s 50 Best Managed Companies Program. “Clearly we’re not out of the woods yet, but one of the most impressive aspects of this year’s award recipients is the focus of management teams and employees on growth and investment.” Combined, 2010’s 50 Best Managed Companies generated $11.5 billion in revenue and employed over 52,000 Canadians. “By pursuing innovation and investing in meeting the needs of their clients, this year’s winners have made a positive impact in the Canadian marketplace,” said Jon Hountalas, Executive Vice-President, Business Banking, CIBC. “We applaud their success and we’re proud to recognize their contribution to Canadian business.” Growth means different things to different companies and the following are just some of the ways Canada’s Best Managed Companies are directing their CEOs and management teams to drive higher revenue and profit in the years to come.