May 9, 2023
Toronto, ON – May 9, 2023 – Waiward Industrial LP. was recognized for its industry-leading performance, its global business practices, and its sustained growth by receiving the prestigious 2023 Canada’s Best Managed Companies award.
Celebrating its 30th anniversary, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance, and financial performance.
“Again, being chosen as one of Canada’s Best Managed is truly a team effort. Many companies face adversity, and Waiward has as well. We underwent several changes after the pandemic and had tough and challenging times. Our resiliency as an organization means having the courage to bounce back and take risks despite adversity and initial setbacks. The strength of management, a committed team and support from our external stakeholders are a big part of our success. We now have the largest backlog in our history, have diversified our client and services base and have a strong, experienced, and dedicated team in place to deliver,” said Andy Brooks, President and CEO of Waiward Industrial.
Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world-class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process.
Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.
“In its 30th year, the Best Managed program recognizes companies who combine strategic expertise and a culture of innovation with a steadfast commitment to their communities,” said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “This year’s winners, including Waiward Industrial, have demonstrated an increased focus on environmental, social, governance themes as means to drive impactful and sustainable business outcomes. Their unwavering dedication to their core purpose, and to enhancing client relationships, cultivating a healthy culture with their employees, and serving their communities, set the standard of excellence for Canada’s business ecosystem.”
As the focus of the industry continues to grow towards environmental initiatives like clean technology, Waiward continues to grow and diversify with it. We have recognized the importance of our impact as an organization and will continue to work to become sustainable in our operations, invest in causes that are meaningful to our employees, and continue to build a diverse and inclusive workforce. This award recognizes the hard work our employees perform and the strong relationships we have with our clients. We continue to strive for success and become the sought after contractor to provide engineering, steel fabrication, and construction services.
The 2023 cohort of Best Managed companies share common themes such as having a people-centric culture, targeting effective ESG strategies, and accelerating operational digitization.
“Even in the face of rapidly evolving business and economic landscapes at home and globally, companies such as Waiward Industrial, continue to respond with innovation and adaptability by transforming and pivoting their offers to meet changing market demands and lead the way forward,” said Blair Cowan, Executive Vice-President, Head of Commercial Banking and Real Estate. “CIBC is proud to sponsor Canada’s Best Managed Companies program, which has a thirty-year history of celebrating leading organizations that are working towards building a better future.”
About Canada’s Best Managed Companies Program
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $50 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, The Globe and Mail, Salesforce and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
About Waiward Industrial
For 50 years, Waiward has been a premier provider of engineering and drafting, fabricated steel, construction, and sustaining capital and maintenance services. We operate across Western Canada and provide solutions to various sectors, including energy, petrochemical and refining, mining, and clean technology markets.