Commercial real estate brokerage firm triumphs over hundreds of applicants to win premier business award sponsored by Deloitte, CIBC, National Post, Queen's School of Business
TORONTO, Feb. 21, 2012 /CNW/ - Fifty of the country's leading private
organizations, including Avison Young, now have the distinction of being recognized as one of Canada's 50 Best Managed Companies for 2011.
These companies, spanning every region across the country and an array
of industries, have demonstrated business excellence through a rigorous
and independent process that evaluates the calibre of their management
abilities and practices.
The prestigious national award is sponsored by Deloitte, CIBC, National Post and Queen's School of Business. The announcement was made today by the national sponsors and in a
special report in the National Post.
"On behalf of the Board of Directors of Avison Young, our employees and
our clients, we are truly honoured to receive this prestigious
designation. We are proud to be recognized as one of Canada's 50 Best
Managed Companies for 2011 and hope to continue our success for many
years to come," comments Avison Young Chair and CEO Mark Rose.
He continues: "We, at Avison Young, have created a model that speaks to
clients and top talent and we have differentiated ourselves from all
other commercial real estate service providers. Our culture is one of
partnership. Our equity is in the hands of our Principals, our
Principals understand clients' needs and deliver solutions, and our
ownership structure is aligned and accountable with client objectives.
We are aligned in every way, starting with a clear strategic vision and
the conviction to compete as hard as we can, to executing at the
highest levels and communicating our success and growth."
Avison Young is the largest Canadian-owned, principal-managed commercial
real estate brokerage firm in North America. Since launching its five-year growth plan in late 2008, the company has
grown from 11 to 26 offices and from 300 to more than 800 real estate
professionals across Canada and the U.S. Executing on and exceeding its
goals ahead of schedule, the company now has its eye on future growth
in Europe and Asia.
"To be honoured as one of Canada's 50 Best Managed Companies is a
remarkable achievement," says Jon Hountalas, Executive Vice-President, Business Banking, CIBC. "We applaud the
success of this year's winners and we're proud to recognize their
contributions to Canadian business."
Established in 1993, Canada's 50 Best Managed Companies national awards
program recognizes Canadian companies that have implemented world-class
business practices and created value in innovative ways. Applications
are reviewed by an independent judging panel that evaluates how
companies address various business challenges, including new
technologies, globalization, brand management, leadership, leveraging
and developing core competencies, designing information systems, and
hiring the right talent to facilitate growth.
"We are powered by our Principal ownership, whereby the employees are
the owners. Solutions are created and executed by the very people who
have both reputational and financial risk. This allows for a much
broader and consistent team effort, and is unmatched by any competitor
in the industry," explains Avison Young Principal Bob Levine, based in Vancouver, BC. "By investing in meeting the needs of our
valuable clients, we hope we have made a positive impact in the
"We believe that there are three vital building blocks to sustainable
growth: strategy, capability and commitment. Avison Young has
demonstrated it is a model of success in all three areas and is duly
recognized as one of Canada's Best Managed Companies," notes John Hughes, Partner, Private Company Services group with Deloitte.
Hughes adds: "Today's marketplace is not just about the investment in
the product - it is also about the investment in the people. Avison
Young invests in its team to build up a strong and stable company.
Canada's 50 Best Managed Companies carries this attribute, and we are
pleased to say Avison Young is one of this year's recipients."
Winners of the Canada's 50 Best Managed Companies award in 2011, along
with the Gold Standard winners, Requalified and Platinum Club members,
will be honoured at the annual Best Managed gala in Toronto on March
27, 2012. On the same date, the Best Managed symposium will address
leading-edge business issues that are key to the success of today's
"Our client list has grown significantly over the past three years as
occupiers and investors become aware of our industry-leading
client-service model. Avison Young offers the only holistic approach to
solving clients' commercial real estate needs," adds Avison Young
Principal Robin White, based in Toronto, ON. "We are deeply appreciative of this prestigious
award as it is a distinction that celebrates the entire Avison Young
family. We applaud the accomplishments of all 50 companies and their
commitment to excellence."
About Canada's Best Managed Companies
Canada's 50 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 four levels: 1) Best Managed winner (one of the 50 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.
Companies may requalify for two additional years, subject to annual
operational and financial review); 4) Platinum Club member (winners
that maintain Best Managed status for a minimum of six consecutive
Program sponsors are Deloitte, CIBC, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com
Visit the online community for private companies on the Best Managed channel on the Financial Post Executive site: http://www.financialpost.com/executive/best-managed/index.html
About Avison Young
Founded in 1978, Avison Young is Canada's largest independently-owned
commercial real estate services company. Headquartered in Toronto,
Ontario, Avison Young is also the largest Canadian-owned,
principal-managed commercial real estate brokerage firm in North
America. Comprising more than 800 real estate professionals in 26 offices across Canada and the U.S., the full-service
commercial real estate company provides value-added, client-centric
investment sales, leasing, advisory, management, financing and mortgage
placement services to owners and occupiers of office, retail,
industrial and multi-residential properties.
SOURCE Avison Young (Canada) Inc.
For further information:
For further information/comment/photos:
Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959; firstname.lastname@example.org
Mark Rose, Chair and CEO, Avison Young: (416) 673-4028
Bob Levine, Principal, Avison Young: (604) 647-5066
Robin White, Principal, Avison Young: (416) 673-4009
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