SHERWOOD PARK, AB, Feb. 21, 2012 /CNW/ - Blackjack Investments Ltd. is proud to announce that it has been selected from hundreds of applicants to receive the Canada's 50 Best Managed Companies award. This is a major achievement for a company founded just seven years ago with a staff of 10 employees. Blackjack was a regional finalist for the honour in 2009 and 2010, but 2011 marks the first time they have won the award.
During that time, Blackjack has gone from having combined revenues of $2.3 million in 2005 to $99.4 million in 2011 and its employees have grown to over 600. President Terry Stephenson credits the company's growth and success to the support and hard work of his amazing team. "We are very honoured to be recognized and included amongst the 50 best managed companies this year. This award is a testament to the collective effort and commitment made by our management team and staff."
Founded in 2005, Blackjack Investments has followed a highly successful business model of acquiring and building strong cash flow generating businesses that compliment each other. To date they have made 14 such acquisitions and currently operates 3 separate subsidiaries: Pioneer Professional Services Group Ltd. (a professional consulting and engineering firm), Wrapex Industrial Services Ltd. (an industrial construction company), and Westland Energy Services Ltd. (an equipment rental and waste management company).
The 50 Best Managed Companies program was founded in 1993 and is made possible by the combined efforts of Deloitte, CIBC, National Post and Queen's School of Business. It is the country's leading business awards program, recognizing excellence in Canadian owned and managed private companies with revenues in excess of $10 million.
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