August 4, 2024
Oaken Equipment named one of Canada's best managed companies
Oaken Equipment, Canada’s largest Bobcat equipment dealer network, was recognized for its industry-leading performance, its national business practices and its sustained growth by receiving the prestigious 2024 Canada’s Best Managed Companies award.
Celebrating over 30 years, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, innovation, governance and financial performance.
“I’m thrilled for Oaken Equipment to be recognized as one of Canada’s Best Managed Companies. It’s a testament to a lot of hard work put in by the entire team across our dealership network,” said Kai Sørensen, president and co-owner of Oaken Equipment. “We’re focused on building a business anchored in our core values that’s delivering industry-leading customer support and performance. Being recognized as one of Canada’s Best Managed Companies is something we’ll proudly display throughout our organization to further reinforce why this is a great place to work and why we’re a great company to embrace as a trusted partner.”
Canada’s Best Managed Companies is one of the country’s leading business awards programs, recognizing innovative and world‑class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.
“There are lots of brands and dealers that will help someone push, pull or move dirt,” Sørensen said. “What we realized is a rock-solid, consistent, values-based organization and culture were key to our growth and success. It’s not about the products, it’s about the people we have supporting them that makes all the difference.”
The 2024 cohort of Best Managed companies share common themes such as having a people-centric culture, targeting effective ESG strategies and accelerating operational digitization.