LGM named one of Canada’s Best Managed Companies for fourth consecutive year
Vancouver, BC (May 5, 2021) – LGM Financial Services Inc. (LGM), one of Canada’s leading Finance and Insurance (F&I) providers, today announced that they continue to remain in the prestigious Canada’s Best Managed Companies program for their fourth consecutive year. LGM sits amongst the best-in-class of Canadian owned and managed companies demonstrating leadership in the areas of strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.
Now in its 28th 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. 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.
Since its inception in 1998, LGM’s growth and success has been driven by its commitment to service excellence, innovation and integrity. By continuously refining products and services through the lens of the customer, LGM has cemented its position as a leading provider of branded F&I products in the Canadian automotive industry.
The company has leveraged their leadership position to springboard change within the automotive space by solidifying their social purpose: “To Accelerate Responsible Mobility for All”. As part of their commitment to this guiding principle they plan to explore B Corp certification and intend to move a portion of their investments into an Environmental, Social and Governance (ESG) portfolio, among other planned initiatives. Having a strong social conscience is not new to LGM, as they were the first company to create an Auto Dealers Against Distracted Driving campaign (ADADD), aimed to educate customers around the perils of distracted driving, and recently helped create Canada’s first hydrogen fueling station, to help push green initiatives forward.
“The COVID-19 pandemic has posed numerous challenges for all. Although it’s been difficult, our company is made up of a committed and adaptable workforce and we don’t shy away from a challenge,” said Drew Collier, President and CEO of LGM. “We are extremely honoured to remain in the Canada’s Best Managed Companies program and to stand alongside all of the incredible organizations across the country.”
“This year’s Best Managed winners are a shining example of the importance of leadership in the face of adversity,” said Peter Brown, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “By using their unique purpose as the bedrock of their organizational foundation, they were able to chart a path forward with courage and resilience. In a year unlike any other, these companies should be proud not only of this prestigious designation, but the ever-important role they play in the progress and prosperity of Canada.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2021 Best Managed companies share commonalities that include (but are not limited to) enabling a remote workforce, making employee health a top priority, acting with an increased sense of purpose and social responsibility, and a significantly heightened focus on cash flow.
2021 winners of the Canada’s Best Managed Companies award will be honoured at a virtual gala. The Best Managed virtual symposium will address leading-edge business issues that are key to the success of today’s business leaders.
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LGM Financial Services
About LGM Financial Services
LGM Financial Services (LGM) is a leader in Canada’s automotive space, focused on revolutionizing the consumer automotive experience through technology, transparency, and sustainability. Since 1998, LGM has been providing branded Finance and Insurance (F&I) products to distinguished automotive manufacturers and dealers across the country. LGM works to maximize dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network. For future information visit www.LGM.ca.
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 $25 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, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.