Canadian Electrical Industry News Week

Mar 23, 2020

E.B. Horsman & Son Best Managed CompaniesE.B. Horsman & Son (EBH), one of the fastest-growing, independently owned full-line electrical distributors in Western Canada, announced that it is a 2020 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed status for 11 consecutive years.

During the past year, the company remained successful amidst changing market conditions by focusing on its six pillars: operational excellence, growth and expansion, talent management and development, collaboration and communication, enhanced customer experience and market awareness. E.B. Horsman & Son expanded its Surrey, B.C. distribution centre to 100,000 square feet; announced that it will move its Victoria and Calgary branch to new sites; built a new location in Parksville, B.C.; renovated its Dawson Creek, B.C., branch; and commenced efforts to upgrade even more in 2020. The company also expanded its corporate social responsibility endeavours by increasing its inclusion and diversity initiatives and created a giving back goal in its 120th anniversary.

Also, during the past years, E.B. Horsman & Son is proud to have donated more than $65,000 to the annual Ride to Conquer Cancer in Vancouver; raised thousands of additional dollars for children’s hospital foundations in B.C., Alberta and Saskatchewan; and continued to support many other charitable causes and scholarship programs.

“This award represents E.B. Horsman & Son’s strong commitment to growth over the last 120 years,” said Tyson Carvell, VP of Marketing at E.B. Horsman & Son. “We are incredibly thrilled and humbled to achieve Canada’s Best Managed Companies Platinum Club status once again. This independent evaluation highlights our company’s continuous success and reinforces our dedication to growth and steady improvement while demonstrating the expertise and commitment of our employees, our collaborative culture, and our continued pursuit of innovation and investment.”

The 2020 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues exceeding $25 million. Best Managed Companies demonstrate 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 calibre of their management abilities and practices.

“Businesses today are faced with many challenges and must stay focused and agile in order to sustain and drive growth. They need to demonstrate resilience and commitment to their people, their purpose and their competitive position in the Canadian business world – and this year’s Best Managed winners are doing just that,” said Kari Lockhart, Partner, Deloitte Private and Co-Leader of the Canada’s Best Managed Companies program. “These companies can celebrate their accomplishments today, and should be excited for tomorrow.”

This year’s 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.

Source

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Government of CanadaTo help Canadians and businesses get through these tough economic times, the Government is proposing to introduce a wage subsidy of 75 per cent for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.

This measure, which is a part of the Government of Canada’s COVID-19 Economic Response Plan, would support businesses that are hardest hit by the COVID-19 pandemic and would help protect the jobs Canadians depend on during these difficult times.

 

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