Groupe Park Avenue Named One Of Canada's Best Managed Companies For Second Consecutive Year

Groupe Park Avenue is pleased to announce today that it has been named one of Canada's Best Managed Companies for the second consecutive year. This prestigious award recognizes the excellence of Canadian private companies that stand out for their strategic planning, adaptability, and strong organizational culture.

"It is a real pleasure to receive this distinction again this year. This confirms that we still do have our place among the best in the country," highlights Norman John Hébert, President and Chief Operating Officer of Groupe Park Avenue. According to him, one of the key factors contributing to the company's success is the commitment of its employees: "We share this success with our staff who are motivated in innovating and finding ways to make our organization more efficient, specialized, and effective during times of major change." Indeed, the last few years have been marked by significant transformations within the automotive industry, including inventory availability, economic climate, changing consumer habits, and scarcity of skilled labour.

To navigate through these changes and seize the opportunities that arise, it is necessary to demonstrate agility. To do so, Norman John Hébert emphasizes the importance of being well surrounded: "To maintain agile operations, it is essential to rely on talented people in all spheres of our organization. That is why it is fundamental for us to cultivate a rewarding work environment by offering our staff a place where they can thrive and where passion prevails to ensure their personal and professional growth. For example, we have developed succession management programs to identify people with the potential to evolve within Groupe Park Avenue. We also invest in leadership training for our executives to enable them to ensure better retention and take care of their team's mental and physical health."

"Our nomination to Canada’s Best Managed Companies is a great recognition that rewards all the efforts made to endure and remain a leader in our industry," adds the President.

"The winners of this year's Best Managed Companies program have shown courage, ingenuity, and creativity in exploring new avenues for growth," says Brigitte Vachon, Partner at Deloitte and Provincial Leader for the Best Managed Companies program. "We are extremely proud to highlight the impressive achievements of companies such as Groupe Park Avenue in a rapidly changing business world. Their successes demonstrate the importance of strong leadership and foresight in driving long-term growth."

About Canada’s Best Managed Companies

Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed 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 46 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 our website.