VANCOUVER, British Columbia and TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — Mr. Lube, Canada’s largest supplier of fast-acting lubricants to the automotive service industry, is proud to announce that it has been awarded the prestigious platinum club designation by Canada’s Best Managed Companies in 2022.
This is the tenth consecutive year that Mr. Lube has been selected as one of Canada’s Best Managed Companies and the fourth consecutive year as a Platinum member!
A Best Managed Company award is the pinnacle of business success in Canada and showcases companies that focus on their core vision, creating value for stakeholders and excellence in the global economy.
“Over the past ten years, we have achieved phenomenal growth and transformed our brand and our business. Everyone in the Mr. Lube family has contributed to our success by continually setting new standards of leadership, innovation and execution.
This past year has presented a new set of challenges, but together we have thrived once again. Our franchisees are all locally owned and operated. Together with their frontline staff, they are the cornerstones of their local economies. We also reflect and acknowledge all the dedication, hard work and support of our key vendor partners who have worked with our team to effectively manage and control inventory. Over the past year, we have worked together to find ways to quickly adapt to changing circumstances and have continued to provide safe, top-notch service to Canadians across the country, so they can keep their vehicles running smoothly. Steps.
Our continued success as a Platinum member of the Best Managed Companies exemplifies recognition from our industry peers, business leaders and, most importantly, the communities in which we live and work. It’s an achievement that the entire Mr. Lube family is proud of. It is an affirmation that we continue to build a great Canadian company.
On behalf of Mr. Lube’s Board of Directors, our employees, our franchisees and our vendor partners, we are deeply honored and honored to have been awarded the prestigious Platinum designation once again,”
Chairman and CEO of Mr. Lube, Stuart Suls.
Sponsored by Deloitte Private, CIBC, The Globe and Mail, Salesforce and TMX Group, the Best Managed Awards recognize Canadian-owned and managed companies with revenues exceeding $50 million that demonstrate leadership in the areas of strategy , capabilities and innovation, culture and commitment, and finance to achieve sustainable growth.
Now in its 29th year, the Canada’s Best Managed Companies competition remains one of the country’s premier business awards programs recognizing Canadian-owned and managed companies for their innovative, world-class business practices. Each year, hundreds of entrepreneurial companies compete for this designation through a rigorous, independent process that assesses the caliber of their management capabilities and practices.
About Mr. Lube Canada
Mr. Lube is Canada’s leading supplier of quick lubricants to the routine automotive maintenance industry. The company was founded in 1976, pioneering a convenience-focused, walk-in auto care category. With locations across the country, Mr. Lube is operated by a nationwide network of franchisees. Based in Richmond, BC, the company also maintains an office in Mississauga, Ontario to support its national franchise network.
In 2002, Mr. Lube Canada founded the Mr. Lube Foundation to support his corporate goals of giving back to the community and helping those who need it most. Today, the Foundation has donated more than $5.9 million to charities across the country. For more information about Mr. Lube, please visit: www.mrlube.com; Facebook/MrLubeCanada (www.facebook.com/MrLubeCanada); Twitter @MrLube (www.twitter.com/MrLube).
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continue to be the hallmark of Canadian-owned and managed companies with revenues exceeding $50 million. Every year since the program’s launch in 1993, hundreds of entrepreneurial companies compete for this designation through a rigorous, independent process that assesses their skills and management practices. The awards are given out at four levels: 1) new winner of Canada’s Best Managed Companies (one of the new winners selected each year); 2) Winner of Canada’s Best Managed Companies (award recipients who reapply and successfully maintain 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 maintained their award for 4-6 consecutive years); 4) Platinum Club Member (winners who 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.
For more information, comments or photos, please contact:
Director – People and Talents
Mr. Lube Canada