Fluid Life Named 2021 Gold Standard Winner As One Of Canada’s Best Managed Companies

Fluid Life was a winner of Canada’s Best Managed Companies program in 2017 and requalified in 2021 to maintain its status as a Best Managed Gold Standard company. Now in its 28th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices.

In conjunction with their 5th year as one of Canada’s Best Managed Companies, Fluid Life is also celebrating its 40th anniversary in 2021. Investment in its people and innovation has always been part of Fluid Life’s DNA. Their culture of innovation underlies the development of Fluid Life’s industry-leading software solutions, products, and testing methodologies. Even during these unprecedented times, this innovative team has worked tirelessly to bring new products and solutions, such as Vibration Data Analysis and SEM-EDS testing, to customers across North America.

“This year’s Best Managed winners demonstrate the organizational grit required to thrive in these increasingly uncertain times,” said Peter Brown, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “By putting their people first, and showing the courage to experiment and take risks, they were able to overcome some of today’s most pressing challenges. This year’s winners were able to succeed because they weren’t afraid to fail.”

Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2021 Best Managed companies share commonalities that include (but are not limited to) enabling a remote workforce, making employee health a top priority, acting with an increased sense of purpose and social responsibility, and a significantly heightened focus on cash flow.

“We are proud to retain our Gold Standard company status as one of Canada’s Best Managed companies this year. It is especially exciting to achieve this 5-year milestone in conjunction with our 40th anniversary as a company,” said Heather Nichols, President, Fluid Life. “Our vision to transform our industry through continuous innovation and significant investment in people and technology, all with the goal of improving our customers’ bottom line will come to life again in 2021 as Fluid Life prepares to open its new lab facility in Irving, TX.”

“CIBC is especially proud to celebrate and recognize the winners of Canada’s Best Managed Companies in what has been a very challenging year”, said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “These companies had to make tough decisions, adapt quickly to a new environment and most importantly, continue to innovate and invest for the future.”

2021 winners of the Canada’s Best Managed Companies award will be honoured at a virtual gala. The Best Managed virtual 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.