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Canada’s Best Managed Companies define purpose to glean competitive edge

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Deloitte announces the winners of the 2020 Canada’s Best Managed Companies awards program, recognizing excellence in privately-owned Canadian companies with annual revenues over $25 million. With 26 new winners in 2020, this year’s companies credit success to investment in talent and technology, innovation in a competitive environment, and intent to compete on the global stage. This year’s Best Managed winners are also putting a laser focus on prioritizing organizational purpose.

“In 2020, the bar is raised even higher for Best Managed companies as the program continues its expansion beyond Canadian borders, now in 21 countries worldwide,” said Peter E. Brown, National Co-Leader of the Canada’s Best Managed Companies program and Partner, Deloitte Private. “As the network of Best Managed companies continues to grow, the stakes get higher – as these companies are increasingly aware of their competition, globally. This year’s select group of winners should be especially proud of their achievements and of this designation.”

As Canada’s Best Managed Companies continue to find success, a common theme among winners is their commitment to defining organizational purpose. By defining and implementing purpose throughout all levels of business, this year’s winners are gleaning the competitive edge that comes with leading and doing business in a purpose-led environment.

“Defining purpose is not just a goal of large organizations, it is increasingly valuable in the evolving workforce – it’s equally important to employees and customers,” said Kari Lockhart, National Co-Leader of the Canada’s Best Managed Companies program and Partner, Deloitte Private. “By doing so, this year’s Best Managed companies are fostering healthier workplaces, closer communities, and stronger foundations to help guide successful, collaborative decision-making.”

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Another redeeming quality that never wavers among Best Managed award recipients is their extraordinary commitment to their clients and customers. “Year over year, a clear and concise strategy and approach to customer service is what puts these companies head and shoulders above the rest,” added Lockhart.

Best Managed winners are also finding success by continuing to act, invest, and make important decisions amid economic uncertainties, a recurring topic explored in Deloitte’s ‘Disrupting the Bear‘ series. Investment in areas such as R&D or creating proprietary tools contributes to strong growth and financial performance, contrary to organizations that may halt movement or wait until markets stabilize.

“As a long time sponsor of Canada’s Best Managed Companies, CIBC is proud to recognize this year’s winners, who have consistently demonstrated exceptional business performance in a constantly changing world,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “Best Managed Companies showcase outstanding leadership in their respective industries, with a clear strategy that is focused on investing for long-term success and growth.”

Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. Generation after generation, Deloitte Private has been by the side of the entrepreneurs transforming Canada’s economy – and under its wing, the Best Managed program includes 469 companies, offering a strong network to support the 26 winners of 2020. The network continues its expansion beyond Canadian borders, now with presence in 21 countries globally.

Here is the list of the new Best Managed winners in 2020:

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Company

City

Province     

Industry

Acadian Construction

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Dieppe

NB

Construction

AirSprint Inc.

Calgary

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AB

Transportation

Bee-Clean Building Maintenance

Edmonton

AB

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Business services

Behaviour Interactive

Montreal

QC

Media

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Chambers Transportation Group Ltd.

Vernon

BC

Transportation

Champion Petfoods

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Edmonton

AB

Manufacturing

COFOMO

Montreal

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QC

Technology

Conestoga Meats

Breslau

ON

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Food Processing

Englobe Corp.

Quebec

QC

Engineering & Architecture

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FYidoctors

Calgary

AB

Healthcare

Henry’s

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Toronto

ON

Retail

Ironclad Developments Inc.

Springfield

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MB

Construction

Marco Group of Companies

St. John’s

NL

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Construction

Mattamy Homes

Toronto

ON

Real Estate

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mform Construction Group

Toronto

ON

Construction

Modern Beauty Supplies

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Calgary

AB

Whole Sale Distribution

Mondou, membre du Groupe Legault

Montreal

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QC

Retail

Morbern Inc.

Cornwall

ON

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Manufacturing

Naylor Building Partnerships Inc.

Oakville

ON

Construction

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Nuvei Technologies Corp

Montreal

QC

Fintech

QSL

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Quebec

QC

Transportation

Quinlan Brothers Ltd.

Bay de Verde

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NL

Seafood Processing

RAPTOR Mining

Edmonton

AB

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Manufacturing

Rockwood Custom Homes

Calgary

AB

Construction

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TECHO-BLOC INC

St-Hubert

QC

Manufacturing

The Inland Group of Companies

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Truro

NS

Airport Environmental

Compliance & Ground Support

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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