Home Hardware named one of Canada’s Best Managed Companies

“We are honoured to be recognized as one of Canada’s Best Managed Companies and named a Platinum Club member for the third consecutive year,” said Kevin Macnab, President and CEO, Home Hardware Stores Limited. “At Home Hardware, we believe talent and culture is our competitive advantage and we are proud to celebrate this designation with the entire Home team.” 

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. 

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. 

Since 1964, Home Hardware has grown from 122 independent hardware Dealer-Owners to a community that now includes over 1,050 stores across Canada. As a truly Canadian company, Home Hardware demonstrates the importance of private companies to the Canadian economy and continues to embrace new and innovative strategies to enhance business performance. 

2021 winners of the Canada’s Best Managed Companies award will be honoured at a virtual gala. 

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 (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 further information, visit http://www.bestmanagedcompanies.ca. 

Home Hardware Stores Limited is Canada's largest Dealer-owned hardware, lumber, building materials, and furniture home improvement retailer with over 1,050 stores under the Home Hardware, Home Building Centre, Home Hardware Building Centre and Home Furniture banners. Founded in 1964 in rural St. Jacobs, Ontario, Home Hardware remains 100% Canadian owned and operated. Through the Home Hardware network, Dealer-Owners have extensive distribution and marketing capabilities as well as access to thousands of quality, brand name and private label products. Offering a mix of tradition and innovation, Home Hardware Stores Limited has received designation as one of Canada's Best Brands and Best Managed Companies and is committed to helping Canadians with all of their project needs. More information about the company is available at homehardware.ca. 

For more information, please contact: 

Bestmanagedcompanies@deloitte.ca 

media@homehardware.ca