By Anthony Capkun
March 27, 2017 – Industry players continue to join Canada’s Best Managed Companies; the latest inductees are distributors Daltco Electric and Source Atlantic.
“For Source Atlantic, being named a 2017 winner […] is evidence that we’re moving in the right direction,” said Steve Drummond, president. “We’ve put in place an amazing team with a great vision for the company. Together with more than 420 employees in all our offices we’re bringing that vision to life, and it’s paying off.”
“As a second-generation Canadian-owned family business for over four decades, this award acknowledges Daltco Electric’s hard work and ability to adapt over the years,” said Peter Dalton, president. “With this award, the future of Daltco Electric as a growing service-led business looks bright.”
The Best Managed awards program recognizes Canadian privately owned and managed companies demonstrating “exceptional business performance”. Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums.
New Brunswick’s Source Atlantic says it is one of the region’s leading supply chain management businesses, supplying a variety of goods, technical services, business and learning management solutions.
Daltco Electric is an Ontario-based wholesale electrical, lighting and automation distributor, served the residential, commercial and industrial marketplace. Its HQ is located in Kingston, with branches in Brockville and Ottawa.
According to Deloitte, Best Managed companies develop a culture that embraces change; they tend to invest in their people, “with a focus on fostering diversity and inclusion, developing leadership capacities, and investing in learning and growth to upskill their workforce,” while investing in “productivity and adaptability”, which includes software, equipment and new processes.
Best Managed companies also place a strong emphasis on self-assessment, being realistic “about their limitations and potential future challenges”. This mindset enables them “to plan constructively for their business and, ultimately, move them beyond only wishing for growth, and toward developing tangible actions for success”.
Both Daltco and Source Atlantic are members of Affiliated Distributors (AD) Canada.