A winner of Canada's Best Managed Companies program in 2011, Avison
Young requalifies in 2012 to maintain its status as a Best Managed
TORONTO, ON, Feb. 26, 2013 /CNW/ - After competing against a wide range
of companies nationwide to win the Canada's Best Managed Companies (Best Managed) award in 2011, Toronto, ON-based commercial real estate
services firm Avison Young requalified in 2012 to maintain its status as a Best Managed company.
The prestigious national award is sponsored by Deloitte, CIBC, National Post, Queen's School of Business and MacKay CEO forums. The announcement was made today by the national sponsors and in a
special report in the National Post daily newspaper.
Canada's Best Managed 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.
"On behalf of the Board of Directors of Avison Young, our employees, our
clients and our partners, we are truly honoured to have been renamed
one of Canada's Best Managed Companies," comments Avison Young Chair
and CEO Mark Rose. "This designation is a testament to the hard work and dedication of
our employees, our tremendous growth in recent years, and our
differentiated, Principal-led structure. Each Principal has a stake in
the success of our firm, which drives a culture of collaboration,
co-operation and client focus, across the company. We manage our
business without service-line or geographic silos, in order to have a
greater positive impact on our clients' success."
Rose continues: "This award is a recognition of our success with
clients, our values, our accomplishments and our culture. Among the key
pillars of the Avison Young culture are partnership, honesty and
integrity. Through these values we have created a loyal base of
clients. We applaud the accomplishments of all the Best Managed
recipients for their commitment to excellence, and we look forward to
continuing to build and sustain a culture that will enable our future
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 43 offices and from 300 to more than 1,100 real estate
professionals across Canada and the U.S. The company now has its eye on
future growth in Europe and Asia.
"We would like to congratulate Avison Young and its entire workforce.
Achieving Canada's highest level of Canadian business excellence takes
a united effort and we are privileged to acknowledge such a strong
team," states John Hughes, Partner, Growth Enterprise Leader, Toronto, Deloitte.
Hughes adds: "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."
Established in 1993, Canada's Best Managed Companies is a national
awards program recognizing 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.
"One of the reasons our Canadian-based company has been so successful in
building our U.S. business in such a short period of time is that our
organization stands behind all of our professionals, as well as the
culture we have created and sustained, and the level of collaboration
and partnership that prevails in our firm," says Earl Webb, Avison Young's President, U.S. Operations, based in Chicago. "We
provide high-calibre real estate professionals with an environment
where they can provide superior service to their clients, work within a
company that has experienced professionals in all disciplines
collaborating to formulate client solutions, and have a lot of fun
working together every day. Our strong capital structure gives us the
financial flexibility to respond to growth opportunities quickly, while
providing our staff members with a broad platform of support as they
work closely with clients on complex real estate issues."
"By pursuing innovation and investing in meeting the needs of their
clients, this year's winners have made a positive impact in the
Canadian marketplace," notes Jon Hountalas, Executive Vice-President, Business Banking, CIBC.
2012 winners of the Canada's Best Managed Companies award, along with
the Gold Standard winners, Requalified and Platinum Club members, will
be honoured at the annual Best Managed gala in Toronto on April 16,
2013. On the same date, the Best Managed symposium will address
leading-edge business issues that are key to the success of today's
"Over the past 30-plus years, Avison Young has always been focused on
providing the highest level of service to our clients and delivering
professionalism in every aspect of our business. We have now added onto
that an aggressive growth strategy, which has allowed us to offer both
existing and new clients, as well as new Principals and staff members,
the opportunity to expand this approach to new markets, in every
service line of commercial real estate," adds Avison Young Principal Tod Hughes, based in Calgary, AB.
"This, of course, involves ensuring that scalable systems, good
governance and best practices in every area of the business are
followed and implemented. This process is what good leadership demands,
and what we have been able to do. The results are demonstrated in many
ways, including being recognized as one of Canada's Best Managed
Companies," he says.
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
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 years.
Program partners are Deloitte, CIBC, National Post, Queen's School of
Business and MacKay CEO forums.
For further information, visit www.bestmanagedcompanies.ca
Visit the online community for private companies on the Best Managed
channel on the FP Executive: www.financialpost.com/bestmanaged
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 1,100 real estate professionals in 43
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
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
• Earl Webb, President, U.S. Operations, Avison Young: (312) 957-7610
• Tod Hughes, Principal, Avison Young: (403) 265-9552
Follow Avison Young on Twitter:
For industry news, press releases and market reports: www.twitter.com/avisonyoung
For Avison Young listings and deals: www.twitter.com/AYListingsDeals
Follow Avison Young Bloggers: http://blog.avisonyoung.com
SOURCE: Avison Young Commercial Real Estate (BC)
For further information:
(604) 647-5098 or (604) 726-0959 cell