Fluid Life Maintains Canada’s Best Managed Companies Status Again for 2018
Toronto, ON – March 8, 2018 – Fluid Life was recognized for the second consecutive year 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 achieve 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 pendent process that evaluates the calibre of their management abilities and practices.
Fluid Life is the only company of its kind to combine expert fluid analysis with reliability expertise. They provide solutions to radically improve the overall asset reliability for customers that face significant challenges converting condition-based monitoring efforts into sustainable money savings programs.
“Best Managed winners should be extremely proud of their accomplishments,” said Lorrie King, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program. “The marketplace is changing rapidly and this incredible class of companies’ commitment and entrepreneurial leadership help drive business success that is critical for the health of our economy.”
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.
“We are honoured and proud to maintain our status as one of Canada’s Best Managed companies,” said Heather Hunt, President, Fluid Life. “We have a vision: We want to revolutionize our industry. Our customer’s success is our success.”
“CIBC is pleased to congratulate Fluid Life on their successful requalification as one of Canada’s Best Managed Companies, recognizing its excellence in leadership, business performance and innovation,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “As a sponsor of the Canada’s Best Managed Companies program for over 20 years, CIBC is proud to celebrate private companies like Fluid Life as leaders in their industry.”
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 www.bestmanagedcompanies.ca.
About Fluid Life
As a leading provider of asset management solutions and lubrication analysis, Fluid Life uses its best-in-class software, training, tools and supported programs to improve customers’ bottom line, lower maintenance costs and improve equipment availability. What’s more, Fluid Life is the only company of its kind to offer reliability services backed by its in-house labs. Over the past 30 years, Fluid Life has established a great reputation and long-standing partnerships with customers in the mining, construction, industrial plant, oil and gas and transportation industries. To learn more about Fluid Life, connect with us on LinkedIn, Twitter or Facebook, or visit www.fluidlife.com.