Employee-owned firm remains solid through industry consolidation

FOR IMMEDIATE RELEASE
R.V. Anderson Associates Limited is Named a 2008 winner of Canada’s 50 Best Managed Companies Program

Toronto, ON (February 2, 2009)- R.V. Anderson Associates Limited, an employee-owned consulting engineering firm, is among the winners of the 2008 Canada’s Best Managed companies program. This prestigious national award is sponsored by Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business.

“Canada’s 50 Best Managed Companies are those operating at peak levels of performance.” Said Rick Lunny, executive Vice-President, CIBC Retail Markets. “We are delighted to celebrate the accomplishments of this year’s winners”.

In the last five years, R.V. Anderson Associates Limited has expanded its employee ownership model to provide a level of customer service that has effectively competed with many larger, multinational and publicly traded engineering organizations, formed through a time of intense industry consolidation. The firm's "culture of ownership" has succeeded in achieving a vision of service excellence, good workplace, continuing growth and development, and financial stability. Established in 1993, the Canada’s 50 Best Managed Companies is a national awards program, recognizing Canadian companies that have implemented world-class business practices and created value in innovative ways. Applications are reviewed by an independent judging panel that evaluates how companies address various business challenges, including new technologies, globalization, brand management, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth.

"We are honoured to be named as one of Canada's 50 best managed companies," says Ken Morrison, RVA's president. "The firm's culture of ownership commits our employees to executing a corporate strategy to achieve the vision. Our 60 year track record continues to be a testament to the service provided to clients."

“Companies are always judged by profitability, as they should be,” says John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program. “But Best Managed companies like R.V. Anderson Associates Limited have been singled out for qualities that promise long term growth. They’ve made rigorous investments in their own potential.”

About Canada’s Best Managed Companies.

Celebrating its 16th anniversary, Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 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 three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years.) Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com.

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