Toronto, ON – March 9, 2016 – Powerline Plus Ltd.was named one of Canada’s Best Managed Companies in 2015 for excellence in business performance. The Best Managed program recognizes Canadian-owned and managed companies with revenues over $10 million demonstrating strategy, capability and commitment to achieve sustainable growth.
“I would like to recognize the entire efforts of Powerline Plus Ltd. It takes a dedicated effort from an entire team to focus on a core vision, create stakeholder value and excel in the global economy to achieve this level of success,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies.
Throughout the program’s judging process, it became clear that Powerline’s self-reliance is and will continue to be a driving factor behind the company’s success. Powerline Plus consistently identifies opportunities for improvement and is able to implement any solution seamlessly into everyday processes. For example, when slow concrete deliveries began causing project delays, Powerline built its own independent concrete plant to supply operations. “By not relying on external resources, we’re in complete control of the projects from beginning to end on all fronts. That allows us to meet deadlines, cost, quality and workmanship,” said Giselle Matin, Executive Vice President, Legal.
Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies that have implemented world-class business practices and created value in innovative ways. Applicants are evaluated by an independent judging panel on overall business performance, including leadership, strategy, core competencies, cross-functional collaboration throughout organization, and talent.
2015 winners of the Canada’s Best Managed Companies award, along with Requalified, Gold Standard, Gold Requalified winners and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 12, 2016. 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. Powerline Plus Ltd aims to re-qualify in 2016 for the Canada’s Best Managed Designation, and hopes to continue to achieve Gold Standard and eventually Platinum Club Member status.
The Best Managed program is sponsored by Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums. To read the article featured in the National Post’s Financial Post, click here.
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 $10 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 five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the 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 reapplied for the designation); 4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review); 5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca
About Powerline Plus Ltd.
Powerline Plus Ltd. is a privately owned and operated utility infrastructure company. Established in 1990, Powerline Plus specializes in providing turn-key solutions, offering clients design, engineering, procurement and construction services for both overhead and underground utilities. Powerline Plus sets the benchmark for unparalleled performance in the industry, and its integrated approach ensures consistent high quality projects from beginning to end.