Vancouver, BC – March 5, 2020 – LGM Financial Services was recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. 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 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 caliber of their management abilities and practices.
Since 1998, LGM has been committed to their core values and offering innovative and quality products to consumers with fair pricing and great service. They also work with their partners to bring about positive change in the industry, such as establishing the first Hydrogen fueling station in Canada, starting the auto industry’s first Distracted Driving campaign, and setting up the first car-share model for commercial property managers. Although the company faced numerous headwinds in 2019, LGM has pushed through and secured its position as a leading provider of branded F&I products in the Canadian automotive industry.
“We are honoured to be named one of Canada’s Best Managed Companies for the third consecutive year and are thrilled to stand alongside leading organizations across the country,” said Drew Collier, President and CEO, LGM Financial Services. “2019 was one of the hardest year’s the company has endured since its inception 21 years ago. This award demonstrates our employee’s hard work and commitment to continuously improving how we conduct business and I am proud of their resiliency.”
“This year’s Best Managed winners are a testament to the success found when businesses are deliberate about seizing the opportunity to do better; they invest in game-changing technology, commit to their corporate purpose and social responsibility, and solidify their place on the world stage,” said Kari Lockhart, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “Canada’s Best Managed Companies celebrate a community of the strongest private businesses that shape our country and fuel Canada’s competitiveness, creating sustainable economic growth in an evolving global market.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2020 Best Managed companies share commonalities that include (but are not limited to) a clear and concise strategy, capability to invest in R&D, tools and proprietary equipment, and a strong emphasis on corporate social responsibility. 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.
LGM Financial Services
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ABOUT LGM FINANCIAL SERVICES
LGM Financial Services has been a leader in Canada’s automotive industry since 1998 by supplying branded warranty, finance and insurance products to distinguished automotive manufacturers and dealers across the country. Driven by innovation and service excellence, LGM is focused on maximizing 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. Learn more at 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.