07-05-2025
Still the best: Welcome Best Managed Companies 2025
Canada's Best Managed Companies celebrates excellence among private Canadian-owned enterprises with revenue of $50 million or more. This year's list includes 22 new companies, all of which are listed below. Full profiles on all 22 companies will appear with the full editorial package's release on May 30, 2025.
We're also celebrating the 472 returning winners, which are divided into three groups based on the number of years they've been included in the program. Best Managed winners: two to three years; Gold Standard winners: four to six years; Platinum Club members: seven or more years.
2025 New Best Managed Companies Winners: Fortigo Group of Companies
Groupe Blais Synergie Inc.
Manugypse
RCS Construction
T&T Power Group Inc.
Troy Life & Fire Safety Ltd.
Coffrages Synergy
Watson Globes
Capital Asset Lending INc.
EFW Radiology
Bannister Automotive Group
Pitbull Energy Services Inc.
Royop Development Corp.
Fresh Prep
Microserve
THINQ Technologies Ltd.
Leopold's Tavern
Globocam
Smith and Long Ltd.
Groupe LOU-TEC
KBL Environmental Ltd.
Miovision Technologies Inc.
Established in 1993, Canada's Best Managed Companies recognizes excellence in private Canadian-owned companies. The Globe and Mail is a media sponsor of the program in partnership with Deloitte.
To be eligible for the Best Managed program, companies must be privately-owned, headquartered in Canada and have revenues of $50 million or more. In terms of ownership, a company must be privately owned, including private equity portfolio companies or they can be Canadian-owned co-operatives or foreign-owned with Canadian-based headquarters, a private company where the management team resides in Canada or Canadian-owned closely held public company with fewer than 50% of their shares or units traded.
Each applicant undergoes a multi-step evaluation of their management abilities and practices across four pillars: strategy, culture and commitment, capabilities and innovation, and governance and financials.
In terms of strategy, Best Managed companies must have a formal methodology for strategy development, ensure the strategy reflects all stakeholders, have the right capabilities and metrics in place to execute, and clearly and consistently communicate the strategy to all levels of the organization.
Best Managed companies must also prove their culture and commitment by building a strong corporate culture and legacy, actively develop their people and leadership team, provide a holistic compensation system, and address continuity issues with the company.
To show their capabilities and innovation, Best Managed companies develop valuable capabilities and resources, are highly execution-oriented, are focused on productivity and innovation and are thoughtful about hiring the right people to execute their business model and strategy.
For the fourth pillar, governance and financials, Best Managed companies are expected to install strong governance structures, use KPIs to manage their progress, maintain a strong balance sheet and apply the financial discipline required to drive revenue growth, improve operating margin and increase asset efficiency.
For 2025, there are 22 new Best Managed Companies on the total list of 494. The remaining 472 companies are divided into three groups based on the number of years they have been included in the program. Best Managed winners: two to three years; Gold Standard winners: four to six years; Platinum Club members: seven plus years.
