TORONTO (PRWEB) March 13, 2018
Newterra, Ltd. was recognized for overall business performance and sustained growth with the prestigious Canada's Best Managed Companies designation. The 2018 Best Managed program award winners are amongst the best-in-class of Canadian-owned and -managed companies with revenues over $15 million demonstrating strategy, capability, and commitment to achieving sustainable growth.
Now in its 25th year, Canada's Best Managed Companies is one of the country's leading business awards programs recognizing Canadian-owned and -managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
Newterra is recognized for a track record of strategic growth, with a focus on establishing key infrastructure in water-stressed regions around the world. From an entrepreneurial standpoint, the company is well-known for investing in new technology to maintain its position as a leader in innovation in the water industry. Newterra continues its plans to expand with well-planned acquisitions - such as the recent purchase of Aeration Industries - to diversify the company's revenue mix and strengthen its growing industrial footprint.
"Best Managed companies deserve recognition for their entrepreneurial approach to excelling in an uncertain economic climate. They truly bring out the best in Canadian business leadership," said Lorrie King, Partner, Deloitte and Co-Leader, Canada's Best Managed Companies program.
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2018 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability and commitment to talent.
"This award means a lot to us on many fronts," said Newterra CEO Tom Vossman, "because it's recognition of the commitment and passion of the whole team. Every day, they put forth diligent effort, fresh ideas and excellence in order to bring practical solutions to the world's greatest water challenges. I'm honored to lead such a fine team and honored to accept this on their behalf."
"CIBC proudly congratulates the 2018 winners of Canada's Best Managed Companies, who exemplify business excellence and success," says Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. "This year's winners reinforce the significant impact that privately owned Canadian companies are making by pursuing innovation and maintaining a sharp focus on their clients."
2018 winners of the Canada's Best Managed Companies award will be honoured at the annual Canada's Best Managed Companies gala in Toronto on April 11, 2018. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today's business leaders.
The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums.
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, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums. For further information, visit http://www.bestmanagedcompanies.ca.
About Newterra (http://www.newterra.com)
Newterra, Ltd. is recognized as a leader in designing, engineering, manufacturing and supporting modular treatment solutions for water, wastewater and groundwater. Since 1863, we've been helping clients in a wide range of industries and sectors operate more efficiently, sustainably and safely.
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