For the 10th consecutive year, Home Hardware Stores Ltd. has been recognized with the Canada’s Best Managed Companies designation, retaining its Platinum Club status, which means it has maintained its Best Managed status for 7 years or more. This award recognizes best-in-class Canadian-owned and managed companies with revenues over $50 million that demonstrate leadership in the areas of strategy, capabilities and innovation, culture and commitment and financials to achieve sustainable growth.
“It is an honor to once again be named one of Canada’s Best Managed Companies. The strength of Home Hardware lies in ensuring talent and culture remains a competitive advantage,” says Kevin Macnab, president and CEO of Home Hardware. “Home Hardware is on an incredible journey of growth, and this recognition is a testament to the dedication of Home’s independent dealer-owners and the teams at our dealer support centers. This dedication ensures we are able to continue helping Canadians across the country with all of their home improvement projects, big and small.”
Earning the Best Managed designation for 10 consecutive years speaks to Home Hardware’s success as an iconic Canadian brand. Founded in St. Jacobs, Ontario, in 1964, Home Hardware has grown to become Canada’s largest dealer-owned hardware, lumber, building materials and furniture home improvement retailer with close to 1,100 stores across the country.
Last year, Home Hardware Dealers worked hard to keep staff, customers and communities safe, and stores continued to offer alternative shopping solutions such as curbside pick-up, call-and-collect and delivery of online orders. The company also marked several important milestones, such as the acquisition of Patrick Morin Inc. with Groupe Turcotte, the implementation of a new state-of-the-art Warehouse Management System in St. Jacobs, Ontario, and the re-launch of its private label brands BeautiTone and Benchmark.
Now in its 29th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices.
“This year’s Best Managed winners displayed courage, resourcefulness and creativity as they explored new avenues for advancement,” says Lorrie King, partner at Deloitte private and co-leader of Canada’s Best Managed Companies program. “We’re extremely proud to recognize their impressive achievements in such a rapidly changing business world. Their successes demonstrate the importance of strong leadership and forethought in driving long-term growth.”
Award applicants are evaluated by an independent judging panel comprised of representatives from program sponsors and special guest judges. The 2022 Best Managed companies share commonalities that include, but are not limited to, putting their people and culture at the forefront, focusing on their ESG strategies and doubling down on accelerated digitization.