CALGARY, March 7, 2019 /CNW/ - CEDA, a leader in industrial maintenance, turnaround, construction and project services, is proud to announce that it has been named a new winner of Canada's Best Managed Companies in 2019. This designation recognizes best-in-class of Canadian-owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.
"We are truly honoured to be awarded this prestigious designation," said CEDA's President and Chief Executive Officer Kevin Fleury. "This recognition reinforces our ongoing commitment to being the service provider of choice by our people, our clients and our vendors. The collective effort of our people and their commitment to our vision were instrumental in achieving this award. Never being satisfied with the status quo is what drives us to continually develop capabilities to ensure that we are attracting and retaining the best people, executing our work safely and efficiently and focusing on improving processes to better serve our clients. We strive to bring additional value to our clients through the ongoing pursuit of new technologies and by advancing existing technologies."
Fleury continues: "From CEDA's incorporation in 1973, the organization has grown to over $400 million in revenues, acquired over 26 companies, employs over 2,000 talented people and delivers over 120 distinct services (24 hours a day, 365 days a year). This is a remarkable accomplishment and a true testament to our ability to build a resilient business that has survived a number of significant economic downturns, taken advantage of opportunities along the way and continues to prosper. I would like to thank our valued employees; we couldn't have reached this milestone without you. And to our clients and partners who have helped us get to where we are today, thank you for your continued support."
Now in its 26th year, Canada's Best Managed Companies is one of the country's leading business awards programs. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices.
"CIBC is pleased to congratulate CEDA on being named one of Canada's Best Managed Companies, recognizing its excellence in leadership, business performance and innovation," said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. "As a sponsor of the Canada's Best Managed Companies program for over 20 years, CIBC is proud to celebrate private companies like CEDA as leaders in their industry."
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 $15 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) Canada's Best Managed Companies new winner (one of the new winners selected each year); 2) Canada's Best Managed Companies winner (award recipients that have re-applied and successfully retained their 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 retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
With over 2,000 employees, CEDA is a leading industrial services company providing maintenance, turnaround, construction and project services to the world's leading energy companies and other industrial facilities for over 45 years. CEDA has offices throughout North America and delivers more than 120 distinct services to support critical operations at its clients' facilities. CEDA is committed to delivering world-class solutions through innovative technologies, equipment and processes, always with safety top of mind. For more information, visit www.CEDA.com.
SOURCE CEDA International Corporation
For further information: Trish Kloberdanz, Corporate Communications Manager, CEDA, 403-476-5643, [email protected]