Builders’ commitment to solid leadership reflects Best Managed status

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Fewer than 500 Canadian-owned businesses across multiple industries qualified for Deloitte’s 2024 list of Best Managed Companies. In Alberta’s busy home building sector, eight companies attained this prestigious designation this year. They are Homes by Avi, Hopewell Residential, Jayman Built and Morrison Homes — builders in Calgary and Edmonton; Carrington Communities of Edmonton; and Logel Homes, Rockwood Homes and Trico Homes of Calgary.

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Deloitte’s Best Managed Companies program has been operating since 1993, evaluating the performance of companies with revenues of $50 million or more. The 2024 cohort of Alberta builders were singled out for excellence in leadership in the areas of strategy, culture, commitment, capabilities, innovation, governance and finance. After rigorous and independent evaluation, companies may qualify for Best Managed, Gold or Platinum Club status, which is dependent on consistent ranking year after year.

It was a three-peat for Edmonton-based Carrington Communities, maintaining its Best Managed designation.

“We are very proud of our team in not only sustaining a high level of organizational excellence, but also in successfully implementing our corporate growth strategy with our recent expansion into the Calgary region,” said Cam Ferchoff, president of Bedrock Homes and Carrington Homes, divisions of the Carrington Group of Companies. “We would like to thank our staff for their continued hard work and commitment to the organization over the last year.”

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Calgary luxury builder Rockwood Homes advanced to Gold Standard having achieved Best Managed status for four consecutive years.

“This distinguished accolade, endorsed by industry giants such as Deloitte Private, CIBC, Salesforce and TMX Group underscores Rockwood’s enduring commitment to excellence within the Canadian business landscape. This milestone marks a truly remarkable achievement for Rockwood. It has been a long-nurtured dream to establish a residential construction company worthy of such esteemed recognition,” said Allison Grafton, Rockwood founder and president.

Logel Homes, Calgary’s Multi-Family Builder of the Year, Large Volume, maintained Platinum Club status, a designation for companies in good standing for seven or more years. Trico Homes has been a Platinum level company for 20 years, almost as long as the Calgary company has been in existence.

“Celebrating our 20th year as one of Canada’s Best Managed Companies is not just an honour, it is a milestone that reflects continuous excellence and commitment by the entire Trico Homes team. This consistent recognition fuels our motivation to maintain high standards and innovate further,” said Michael Brown, president and CEO of Trico Homes.

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Edmonton/Calgary builders Hopewell Residential, Jayman Built and Morrison Homes each kept up the good work as Platinum Club performers.

Jayman was named Builder of the Year in Calgary and Edmonton in the Single-Family Large Volume category by local building associations. The company is excited to be a Platinum Club member again, said Nicole Westman-Jones, Jayman director brand, people and culture.

“We are always looking to give recognition for team members that go above and beyond. We value our people who have made Jayman successful for more than 43 years. Additionally, Jayman has developed, refined and documented management processes and procedures that allow us to function at a high level of professionalism and consistency, ensuring that we achieve industry leading results, year after year,” she said.

Morrison Homes chairman Al Morrison called the company’s continued Platinum Club status an honour.

“This achievement reflects 14 years working alongside Deloitte and evolving our business to its current state. We take pride in sharing our status with our homebuyers,” he said.

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Homes by Avi, a 45-year-old company building in Calgary and Edmonton, is the most recent Best Managed designate.

“We are honoured to have been selected to receive this prestigious award as it validates the effort, we have put forward in how we manage our company day to day,” said Charron Ungar, CEO. “Many organizations we respect have received this recognition, and we are thankful to have earned a spot alongside them and so many other great Canadian companies.”

Lorrie King, partner, Deloitte Private and Best Managed Companies spokeswoman said companies such as Homes by Avi attain this high standard of excellence demonstrate consistent adaptability, versatility and strategic acuity.

“Year after year, they thrive in a competitive, rapidly changing market and should be proud of their growth,” she said.

A complete list of 2024 designates is posted at deloitte.com/ca/.

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