Best Managed designation is a badge of honour for companies

Nine companies from Alberta’s busy residential construction industry received Deloitte’s designation this year.


There are 486 private Canadian-owned businesses representing economic sectors across the country that have qualified for Deloitte’s 2023 list of Best Managed Companies.

Since 1993, the program has awarded excellence in companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance. Hundreds compete for this designation in a rigorous and independent evaluation process, vying for Best Managed (two-plus years), Gold Standard (four-plus years) or Platinum Club (seven-plus years) status.

Nine companies from Alberta’s busy residential construction industry received the designation this year — the highest number of new home builders of any province. It would seem that in Alberta, the Best Managed Company label is a badge of honour.

Carrington Communities of Edmonton, Rockwood Homes, Logel Homes, Trico Homes of Calgary, plus Deveraux Developments, Morrison Homes, Jayman Built, Hopewell Residential and Mattamy Homes, builder/developers in both major cities, made the cut.

“This designation is well recognized in the Canadian economy. It’s recognition of hard work and the focus we have had in the last few years on sustainable growth, our culture and people and managing change,” says Jason Theiss, CFO of two-year designation recipient Carrington Communities. “I believe one of the biggest factors in our success is our collaborations. Everyone brings their best effort, which allows us to look at new opportunities and best practices while maintaining that family focus that was so important to our founder, Ken Ferchoff.”

Calgary’s Rockwood Homes received a Best Managed designation for its second year, while Mattamy and Deveraux received the Gold Standard.

Platinum Club members Hopewell, Jayman, Morrison, Logel and Trico have each retained their Best Managed status for more than seven years. This is the 19th year that Trico has qualified for and sustained its designation, says Glenda Schwartz, director of marketing.

“We believe that doing well by doing good through philanthropic initiatives and partnerships with local organizations is an integral part of our company culture. We are committed to building high-quality homes for our customers but also making a positive impact in the communities where we live and work,” she says.

The builder focuses on sustainable building practices, energy-efficient design and responsible land use to promote environmental stewardship and a smaller carbon footprint.

“Ultimately, we are proud to be a company that not only creates exceptional homes, but also strives to make a positive impact on the world around us,” she says.

Logel Homes also maintained its Platinum Club status and is the fifth home builder in Calgary to be granted Platinum since the awards began in 1993.

“The award recognizes Logel Homes for its industry-leading performance, business legacy of innovation through carefully listening to our customers, quality and passion for exceptional customer experiences,” says president and CEO Tim Logel, who travelled to Ontario with his family and colleagues to accept the award.

A continuous Best Managed status for two decades is no mean feat says Lorrie King, a partner with Deloitte Private and co-leader of the program.

“It’s fairly difficult to have sustained performance at the level we require, especially when you think of the recessions in the last 30 years and other cyclical elements. It’s quite an accomplishment,” she says. “Of the 50 companies awarded Best Managed when it started 30 years ago, there are only a handful left.”

A complete list of 2023 designates is posted at bestmanagedcompanies.ca.

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