Electrozad News and Updates

Electrozad achieves Platinum status for Canada’s Best Managed Companies

May 14, 2024 5:00:00 AM / by Monique Scott

Electrozad named one of Canada’s Best Managed Companies - Platinum Designation in 2024

Windsor, ON - May 14, 2024 

Electrozad was recognized for its industry-leading performance and its sustained growth, achieving Platinum Club status with the Canada’s Best Managed Companies program by retaining its Best Managed designation for seven consecutive years.

Celebrating over 30 years, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance.


Electrozad acquired by Sonepar (900 x 500 px)


"This achievement cannot be understated," said James Taylor, Vice President Sales and Operations, Electrozad. "We strive to foster a positive culture and provide a supportive environment for our employees to flourish. Our company values of investing in our people and excellence in customer service have helped us achieve the esteemed Platinum Club status in 2024. Our success is a result of the collective efforts of our hardworking team and the loyal customers who trust us to keep their operations running smoothly."

Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world-class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.

Electrozad is the leading electrical and automation distributor in Southwestern Ontario, supporting the commercial, industrial, and automation industries for over 68 years. With a vision to deliver the best electrical and automation products, services, and expertise, Electrozad remains a trusted solutions partner with established branches in Chatham, London, Sarnia, and Windsor. "Our strategic plans and focus on growth continue to be a driving force that propels our company forward," said James Taylor. "We set ambitious goals, harnessed the expertise of our people, and I could not be more pleased at the level of growth we've achieved. Celebrating Platinum status is a great honour and a testament to the commitment we have in exceeding even our own expectations.”

The 2024 cohort of Best Managed companies share common themes such as having a people centric culture, targeting effective ESG strategies, and accelerating operational digitization. "To become a Best Managed Platinum Club winner is nothing short of remarkable. Their continued adaptability in an era of uncertainty sets the standard for how to overcome new barriers and demonstrate resiliency at the highest levels,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “These companies truly impact how Canada is viewed on the world stage when it comes to the success of private business.”


About Canada’s Best Managed Companies Program

Canada’s Best Managed Companies program continues to be the mark of excellence for privately-owned Canadian companies. 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, The Globe and Mail, and TMX Group. For more information, visit: www.bestmanagedcompanies.ca or contact bestmanagedcompanie@deloitte.ca.


About Electrozad

As the largest electrical wholesale distributor in Southwestern Ontario, Electrozad offers a full range of electrical products, services, and solutions from some of the premier manufacturers and suppliers. Electrozad offers extensive experience, flexibility, technical support, and project coordination, and provides solutions to their customer's electrical and automation needs in the Automotive, Contractor, Food & Beverage, OEM, and Petrochemical industries. Contact information


Tags: Company News

Monique Scott

Written by Monique Scott

Thanks for taking the time to read this article. I'm Monique and as the Marketing Specialist at Electrozad, I update our community on industry news, company announcements, events you should attend, and staff milestones.