Back to News List

14/5/2024

Deveraux Group awarded Canada’s Best Managed Companies status for the sixth consecutive year.

The Deveraux Group of Companies was recognized for its industry-leading performance, global business practices, and sustained growth by receiving the prestigious 2024 Canada’s Best Managed Companies award.

 

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.

 

“Our team is honoured to receive recognition as one of Canada’s Best Managed Companies for the sixth consecutive year,” stated Denis Jones, President and Chief Executive Officer of Deveraux Group of Companies. “Maintaining our Gold Standard designation underscores the unwavering dedication and common purpose of our esteemed stakeholders. Our growth and ongoing success are fueled by the steadfast commitment of our employees and the trust of our investors and industry collaborators”.

 

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 of Companies stands at the forefront of Western Canadian multi-family rental apartment development, construction, and management, boasting a portfolio exceeding $2.0 billion in value. Deveraux is unique in the diverse array of synergistic companies that it has developed to strengthen its market position and resilience. Deveraux’s commitment to excellence is evident in its Class A apartment communities, strategically located and built to the highest standards for enduring quality. By forging strategic partnerships, implementing a model of vertical integration, and fostering a culture of innovation, Deveraux has set itself apart.

 

The collective efforts of Deveraux’s dedicated team enables the group to consistently optimize the quality of developments, elevate the resident experience, and maximize investor returns, further solidifying the Deveraux Group of Companies’ position as a leader in the multi-family development and management across western Canada.

 

The 2024 cohort of Best Managed companies shares common themes such as having a people-centric culture, targeting effective ESG strategies, and accelerating operational digitization.

 

“Best Managed is a prestigious award that recognizes the significant and ongoing contributions within Canada’s business landscape,” said Lorrie King, Partner, Deloitte Private, Global Best Managed Leader and Co-Leader, Canada’s Best Managed Companies program. “Companies such as Deveraux who attain this high standard of excellence demonstrate consistent adaptability, versatility, and strategic acuity. Year after year, they thrive in a competitive, rapidly changing market and should be proud of their
growth.”

 

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, Salesforce and TMX Group. For more information, visit www.bestmanagedcompanies.ca.

 

About the Deveraux Group of Companies

The Deveraux Group of Companies is a leader in property development and management across Western Canada. The Deveraux Group consists of three primary companies, including Deveraux Asset Management, Deveraux Apartment Communities, and Deveraux Developments. The Deveraux Group prides itself on its vertical integration and capacity to offer end-to-end multi-family investment opportunities, alongside various value-added and synergistic businesses. The model of build, own, operate, optimize enables Deveraux to offer best-in-class properties and services that enrich the lifestyle of its residents, while offering competitive and sustainable returns to its investors. Deveraux currently manages assets in excess of $2.0 billion and has a robust development pipeline that will see the number of apartment units increase significantly over the next three years.