SAINT JOHN, NB (March 5, 2020) – Source Atlantic Limited is honoured to be recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. Source Atlantic won its initial Best Managed award in 2017 and has successfully retained its status, becoming a Gold Standard winner in 2020. The 2020 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $25 million, demonstrating investment in talent and technology, innovation in a competitive environment, and an increased focus on global competition. Now in its 27th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadianowned 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.
Known initially as W.H. Thorne General Hardware Merchants, Source Atlantic has evolved to become a leading supply chain management business, supplying a wide variety of goods, technical services, and business solutions to customers throughout Canada and beyond.
“Businesses today are faced with many challenges and must stay focused and agile in order to sustain and drive growth. They need to demonstrate resilience and commitment to their people, their purpose and their competitive position in the Canadian business world and this year’s Best Managed winners are doing just that,” said Peter Brown, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “These companies can celebrate their accomplishments today, and should be excited for tomorrow.”
Over the past decade, Source Atlantic has made multiple operational changes and three strategic acquisitions that have positioned the company for continued success despite ongoing economic uncertainty and the multitude of disruptive forces impacting distributors.
“We are very proud of the recognition this year and to be included alongside Canada’s Best Managed companies,” said Steve Drummond, President, Source Atlantic. “The Source Atlantic team is passionate about delivering value and exceptional service to our customers. We continue to invest in our people, in our facilities, and in the right technology to support our growing operation.”
2020 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 1, 2020. 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 Private, CIBC, Canadian Business, Smith School of Business, and TMX Group.