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Beacons for talent and innovation – Canada Best Managed companies 2023

June 1, 2023 | By Anthony Capkun

June 1, 2023 – Deloitte Canada announced the companies that have joined the ranks of Canada’s Best Managed Companies (2023), and updated its list of Best Managed, Gold Standard, and Platinum Club companies.

“I am always amazed by the fortitude of our Best Managed Companies, who continue to act as global beacons for all of the talent and innovation Canada has to offer,” said Lorrie King, national co-leader of the program and partner with Deloitte Private (a division of Deloitte focused on serving private clients).

Here at Electrical Business Magazine, we focus on companies carrying out electrical work, or serving those who do: Congratulations to the following “global beacons”…

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

Innovair Solutions (formerly Groupe Ouellet Canada inc.)
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 consecutive years.

Eddy Group Ltd.
Electrozad Supply Co. Ltd.

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

Alliance Energy Ltd.
Deca Cables
E.B. Horsman & Son Ltd.
ECS Electrical Cable Supply Ltd.

“We would like to thank our staff, and all of our customers and suppliers for their support in helping ECS become one of Canada’s Best Managed Companies,” said Hossein Mohseni, COO.

Gerrie Electric Wholesale Ltd.
Groupe Deschênes (includes Daltco Electric, Ideal Supply, Powrmatic)
Houle Electric
K-Line Group of Companies
Mircom Group of Companies
Modern Niagara Group Inc.
PTI Transformers
Rex Power Magnetics
Source Atlantic (moves up from Gold)

“We will continue to focus on innovation, sustainability and growth, while remaining true to our values and culture,” said Rob Nadler, executive vice-president, Stanpro.


To attain Best Managed standing, candidates apply annually and submit to an assessment led by a multi-disciplinary judging panel. Companies are evaluated on their level of maturity on four core pillars: strategy, commitment, capability, and financials.

New this year, applicants were awarded bonus points for demonstrating practices in the realm of ESG (environmental, social, and governance), with emphasis on reducing GHG emissions, limiting waste, improving energy efficiency, and cultivating diversity.

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

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