The Deveraux Group of Companies was once again recognized for its industry-leading performance, progressive business practices, and its sustained growth by receiving the prestigious 2023 Canada’s Best Managed Companies award. Celebrating its 30th anniversary, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture, commitment, capabilities, innovation, governance, and financial performance.
“We are proud to be recognized for the 5th year in a row as one of Canada’s Best Managed Companies,” said Denis Jones, President and Chief Executive Officer of the Deveraux Group of Companies. “Achieving Gold Standard status within the program is a testament to the commitment and shared vision of our valued stakeholders. It is the dedication of our employees, the loyalty of our clients and the confidence of our investors and industry partners that have fuelled our growth and enabled our continued success.”
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.
The Deveraux Group continued to demonstrate great resilience post-pandemic, navigating labour shortages, supply chain interruptions and inflation. Despite such challenges, Deveraux managed to expand its operations into Alberta, add to its labour force and acquire over $130 million in Class A multifamily rental assets. With these acquisitions and a robust development pipeline, the Deveraux Group now manages assets in excess of $1.3 billion. In the next three years, the number of apartment units managed by Deveraux will double, with over 2,500 units under development in Edmonton and Calgary alone.
The 2023 cohort of Best Managed companies shares common themes such as having a people-centric culture, targeting effective ESG strategies and accelerating operational digitization.
“The 2023 Best Managed winners exemplify the highest Canadian business standards of innovation, adaptability, and resilience,” said Lorrie King, partner at Deloitte Private and co-leader for Canada’s Best Managed Companies program. “Over the past year, companies such as The Deveraux Group have accelerated their growth by continuously adapting and successfully responding to challenges, seizing new opportunities, leveraging industry-leading competencies to maximize their investments, and driving sustainable results.”