TORONTO, March 5, 2020 /CNW/ - Mattamy Homes has been recognized for business performance and sustained growth with the prestigious Canada's Best Managed Companies designation. The 2020 Best Managed program award winners are amongst the best-in-class of Canadian-owned and -managed companies, demonstrating investment in talent and technology, innovation in a competitive environment and an increased focus on global competition.

The Mattamy story began in 1978 with the building and sale of a single home. The company has since evolved to become Canada's largest new home construction and development firm and the largest privately owned homebuilder in North America. Mattamy has built more than 100,000 homes in hundreds of communities across Canada and the US, and every year helps some 8,000 new families realize their dreams of home ownership. At all levels of the organization, Mattamy's mission and values guide the company's business, strategy and people. The dedication to all these elements, combined with a relentless drive to outperform, has made Mattamy successful over its history and continues to set it apart from the competition.

Now in its 27^th year, Canada's Best Managed Companies remains one of the country's leading business awards programs, recognizing 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.

"While Canada's Best Managed Companies recognize uncertainty on the economic horizon, their focus hasn't wavered and they haven't been discouraged; they are relentlessly focused on growing their business to new heights and investing in the future," said Kari Lockhart, Partner, Deloitte Private and Co-Leader, Canada's Best Managed Companies program. "The contribution these companies provide to Canada cannot be overstated. Every year, Best Managed winners are raising the bar of excellence in Canadian business."

Applicants are evaluated by an independent judging panel comprising representatives from program sponsors in addition to special guest judges. 2020 Best Managed companies share commonalities including a clear and concise strategy, capability to invest in R&D, tools and proprietary equipment, and a strong emphasis on corporate social responsibility.

"Being named one of Canada's Best Managed Companies for the first time is an amazing accomplishment for us and is something we are all extremely proud of," says Brad Carr, CEO of Mattamy Homes Canada. "This award speaks to the kind of culture, business operations and success that our Founder Peter Gilgan started 41 years ago, and that everyone at Mattamy has contributed to over the many years since. It reflects our collective passion for the business, our company and our customers. As such, the designation of Best Managed Company belongs to everyone at Mattamy Homes."

"CIBC congratulates 2020's Canada's Best Managed Companies, who are not only at the forefront of their industries, but among privately held companies across Canada," said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. "The success of these companies is built on continued investment in top talent, an ongoing focus on innovation and a well-defined path for the future."

2020 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.

The Best Managed program is sponsored by Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group.

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with 40-plus years of history across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of home ownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.

About Canada's Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $25million. 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, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.

SOURCE Mattamy Homes Limited