May 23, 2024 – Deloitte Canada announced the companies that have joined the ranks of Canada’s Best Managed Companies (2024), and updated its list of Best Managed, Gold Standard, and Platinum Club organizations. As usual, we focus on companies carrying out electrical work, or serving those who do.

“Year after year, I am truly grateful for the opportunity to witness and be part of the remarkable accomplishments of the Best Managed Companies, who exemplify the highest business standards of innovation, adaptability, and bold leadership,” said Lorrie King, national co-leader of the program and partner with Deloitte Private.

Congratulations to the following!

Best Managed – New
Canada’s best-managed companies in 2024.

• Franklin Empire

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

• Innovair Solutions

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.
• Magna IV Engineering (moves up from Best Managed)

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.

“Our commitment to maintaining and enhancing our culture through adherence to our core values has been key to our success,” said Tyson Carvell, vice-president, Marketing, EBH & Son. “By embracing innovation in the dynamic field of electrical distribution, we have positioned ourselves as industry leaders.”

• Electrozad Supply Co. Ltd. (moves up from Gold)
• ECS Electrical Cable Supply Ltd.

“This recognition represents more than just an award; it reflects our team’s unwavering commitment to excellence and innovation,” said Christy Morrison, president, ECS. “Our commitment to maintaining high standards is integral to our mission of connecting people and powering success.”

• Gerrie Electric Wholesale Ltd.
• Groupe Deschênes (includes Daltco Electric, Ideal Supply, Powrmatic)
• Houle Electric

“At Houle, we commit to excellence, innovation, and sustainable growth as the foundation of our operations,” says the company. “These principles guide every decision we make, and reflect the hard work and dedication of our entire team in leading our industry forward. Their passion, expertise, and pursuit of excellence have been instrumental in our success.”

• K-Line Group of Companies
• Mircom Group of Companies
• Modern Niagara Group Inc.
• PTI Transformers
• Rex Power Magnetics
• Robinson Supply
• Source Atlantic
• Stanpro

“We are honoured to be recognized as one of Canada’s Best Managed Companies for another year, and we remain committed to delivering exceptional products and services to our customers,” said Rob Nadler, president, Stanpro. “We will continue to focus on innovation, sustainability, and growth while remaining true to our values and culture.”

• Stelpro

“[…] I’m proud to see that we’ve achieved our customer and employee promise objectives, improved operational efficiency and strategic growth, thanks in part to a better focus on key initiatives,” said Yves Chabot, chair and founder, Stelpro.

“Their relentless ambition, determined focus, and strategic agility have led them to remain competitive on the world stage, creating sustainable economic growth in an evolving global market,” King added.

The Canada Best Managed program celebrates the top privately owned Canadian companies with annual revenues over $50 million. To attain/maintain their Best Managed designation, companies apply annually and go through an assessment led by a multi-disciplinary judging panel. They are evaluated on their leadership in the areas of strategy, capability and innovation, culture and commitment, as well as governance and financial performance.

First established in Canada, Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. The program has expanded beyond Canadian borders since its inception, and is now present in over 40 countries.

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