Armco Named One of Canada's Best Managed 2017

Posted: Mar 9, 2017


Armco Named One of Canada’s Best Managed Companies

Family-owned business nationally recognized for excellence in business performance

, March 9, 2017: Armco Group of Companies has been honoured with the prestigious Canada’s Best Managed Companies designation for 2017. Sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums, the Best Managed program recognizes the best-in-class of Canadian-owned and managed companies demonstrating strategy, capability and commitment to achieve sustainable growth.

“Best Managed companies deserve recognition for their entrepreneurial approach to excelling in an uncertain economic climate. They truly bring out the best in Canadian business leadership,” said Lorrie King, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.

Armco Group of Companies, which includes Armco Capital Inc., Armco Immobilier, Scotia Learning Centres Inc, and Geosam Capital Inc., has grown from a two-person, family owned real estate development business over the past 35 years, into a diversified organization with offices in Canada and the United States.

Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Winners are an important engine of economic growth for being adaptable and sustainable in a global market. Applicants are evaluated by an independent judging panel made up of judges from Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. Best Managed companies share commonalities that include an emphasis on culture and people, innovation, sustained performance and strong financial results.

“Armco has actively sought out the best talent in the marketplace and hired individuals who echo the entrepreneurial spirit that this company was founded on. Our vision is to empower our people to create value, and that has been the key to our ability to grow and expand our business operations. We are thrilled to not only be recognized for our efforts, but also to be able to share this designation with our team”, says George Armoyan, founder and Chairman of Armco Capital Inc.

“CIBC proudly congratulates the 2017 winners of Canada’s Best Managed Companies, who exemplify business excellence and success,” says Jon Hountalas, Executive Vice President, Business and Corporate Banking, CIBC. “This year’s winners reinforce the significant impact that privately owned Canadian companies are making by pursuing innovation and maintaining a sharp focus on their clients.

About Armco Group of Companies

Founded in 1982 by members of the Armoyan family, Armco Capital Inc. has grown into a diversified and dynamic group of companies. Headquartered in Halifax, Nova Scotia, Armco has offices in Quebec, Ontario and the USA. Armco is known for residential, commercial, institutional and industrial real estate development as well as property management. The recipient of numerous corporate and industry awards, Armco is one of the largest residential developers in Atlantic Canada.

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 $15 million. 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, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. For further information, visit

Mar 9, 2017         Armco Named One of Canada's Best Managed 2017