Toronto, ON – March 8, 2018 – Equipment Sales & Service Limited (“ESS”) was recognized for overall business performance and sustained growth with prestigious Canada’s Best Managed Companies designation. The 2018 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability, and commitment to achieve sustainable growth. Having achieved the Best Managed designation for seven consecutive years, ESS joins an elite group of companies that have attained Platinum Club status.
Now in its 25th year, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices.
Michael and Peter Willis, Co-Executive Chairmen and owners of Equipment Sales, stated: “2017 was a challenging and rewarding year for our Company. We continued our focus on growth, both organically and through acquisition. We opened a branch in Quebec City which, together with our Montreal location, gives us a strong Quebec presence. We expanded our representation of Link-Belt Cranes into B.C. ESS also acquired Selix Equipment Inc., a successful distributor of drilling and foundation equipment that now represents a number of major product lines including Sandvik, Soilmec, GEAX and ICE. As importantly, we are securing our future as a family-owned business by implementing our succession plan as third generation family members take on leadership responsibilities as managers and Board members. ”
“Best Managed Platinum winners have exceptional insights and knowledge into business management practices. They are an inspiration and really take their game to a new level,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2018 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability and commitment to talent.
Morgan Cronin, President of ESS, noted that: “It was a significant accomplishment to be awarded our first Best Managed designation in 2011. However, I believe it is even more difficult to retain that status. We must constantly review and improve the way we do business including revisiting our strategies and how we deliver our product and services to our business partners. Achieving Platinum status is both a tremendous challenge and achievement. It is a reflection of our efforts to continuously improve and the dedicated people we have working at ESS who can translate plan into action. We are extremely proud of our Company and our team.”
“Companies that earn Platinum Club status, exemplify exceptional vision and leadership and a sustained commitment to growth and innovation,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “CIBC is proud to recognize these and all of the 2018 Canada’s Best Managed Companies as leaders in their industries.”
2018 winners of the Canada’s Best Managed Companies award will be honored at the annual Canada’s Best Managed Companies gala in Toronto on April 11, 2018. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today’s business leaders.
The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums.
About Canada’s Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
About Equipment Sales & Service Limited (www.essltd.com)
Founded in 1946 and ranked as one of Canada's oldest and most established equipment companies, ESS has kept Canada's heavy equipment up and running for 72 years. ESS provides multi-line customer solutions for heavy equipment, parts, and service from 9 locations across Canada.
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For further information, please contact:
bestmanagedcompanies@deloitte.ca
www.bestmanagedcompanies.ca
Contact information:
Morgan Cronin
President, Equipment Sales & Service Limited
416-249-8141
www.essltd.com