Canada’s Best Managed 2022 companies exemplify “resilience and innovative business practices”


July 28, 2022 – “They exemplify the resilience and innovative business practices that are necessary as the Canadian and global business environments continue to change rapidly,” said Lorrie King, partner, Deloitte Private, when speaking of 2022’s Best Managed companies.

Best Managed is a flagship program presented by Deloitte Private (a division of Deloitte). It shines the spotlight on the top privately owned Canadian companies with annual revenues over $50 million.

Here at Electrical Business Magazine, we focus on companies carrying out electrical work, or serving those who do. SCROLL DOWN for our list, and Congratulations!

“This year’s Best Managed winners embraced a people-first mentality, ensuring their employees feel valued and empowered, and enabling them to cultivate important capabilities to make further contributions and help the organization’s core purpose,” added Derrick Dempster, partner, Deloitte Private.

Canada’s Best Managed companies are also demonstrating a renewed focus on customer and community relationships, say program organizers, with many of this year’s taking active strides to integrate environmental, social, and governance considerations into their strategic planning and decision-making.

“Companies who incorporate these concerns into their practices are able to develop deeper connections with clients, improve employee engagement, and drive continuous growth,” said Dino Medves, CIBC Commercial Banking. “The 2022 Best Managed winners are leaders in this area, and should be proud of their significant contributions to their communities.”

New member 2022

• Groupe Ouellet Canada inc.

Best Managed

Award recipients that have re-applied and successfully retained their Best Managed design for two additional years.

• Magna IV Engineering

Gold Standard

After three consecutive years of maintaining their Best Managed status, these companies have demonstrated their commitment to the program and successfully retained their award for 4-6 years.

• Eddy Group Ltd. (moves up from Best Managed)
• Electrozad Supply Co. Ltd.

“Thanks to our dedicated team, we have always been known for our exemplary service, and we continue to strive to be the top-performing solutions partner within our industry,” said James Taylor, president, Electrozad.

• Source Atlantic

Platinum Club

Winners that have maintained their Best Managed status for 7 years or more.

• Alliance Energy Ltd.
• Deca Cables
• EB Horseman & Son Ltd.

“Consistently being named Best Managed fosters a mindset to set plans, adapt if necessary, and pursue success… whether it is in the face of Covid-19, hybrid work environments, increased demand, or supply chain headwinds,” said Tyson Carvell, EBH & Son. “Keeping our business fundamentals in focus over the past two years to achieve results […] is an accomplishment that we are all proud of.”

• ECS Electrical Cable Supply Ltd.
• Gerrie Electric Wholesale Ltd.
• Groupe Deschênes (includes Daltco Electric, Ideal Supply, Powermatic)
• Houle Electric
• K-Line Group of Companies, The
• Modern Niagara Group Inc.
• PTI Transformers
• Rex Power Magnetics
• Robinson
• Stanpro

“For Stanpro, this is the ultimate reward, because the last two years of the pandemic have been very demanding for employees who have shown innovation and, above all, great adaptability. Maintaining continuous growth in these difficult times is a real achievement, and we can say Mission Accomplished for the Stanpro team.”

• Stelpro

– As usual, if we missed a company carrying out electrical work, or serving those who do, email acapkun@ebmag.com.

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