McAree Engineering Ltd announced as one of Ireland’s Best Managed Companies 2022

Company receives award for 6^th time

Ballinode based McAree Engineering Ltd has been named as one of Ireland’s Best Managed Companies. The awards programme is led by Deloitte Ireland, in association with Bank of Ireland. The company, which demonstrated superior business performance 6th year. This is the first year where the awards programme returned as an in-person event following the pandemic and culminated with a gala awards ceremony at The Convention Centre Dublin

Commenting on the award, Vincent McAree, Operations Director said:

This success is down to the hard work of the excellent team we have in McAree Engineering – we are delighted to get this recognition again, especially against the backdrop of probably the most difficult period ever to manage a business and keep it going successfully through Covid, Brexit and now a period of escalating input costs.

McAree Engineering are one of Irelands Leading Sheet Metal Fabrication company’s serving a Blue Chip client list including Irelands Own Equipment Manufacturers. Employing over 180 staff and working out of three factories in North Monaghan they also design and Manufacture the V-Mac range of bulk storage solutions.

Ireland’s Best Managed Companies Awards programme promotes and recognises excellence in Irish/Northern Irish owned and managed companies and is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme compete for the designation in a rigorous process that evaluates the calibre of their management abilities and practices in addition to the strategy, capability, innovation, culture and financial performance of their companies.

Brian Murphy, Lead Partner for Ireland’s Best Managed Companies Awards Programme at Deloitte said:

Year-on-year we’re impressed by the businesses that qualify and requalify for our Best Managed Companies Awards and in another uncertain year, the entries continued to raise the bar. Despite the challenges these businesses faced, the management teams of the winning companies have embraced new opportunities for innovation and growth, offering best-in-class products and services to their customers and retaining their competitive advantage in a world that is ever-changing.

Harry Goddard, CEO, Deloitte Ireland and judging panel member said:

A stand out from the judging process this year was the distinct focus of the Best Managed Companies on their local communities, despite their own international growth and ambition. Businesses have a vital role to play in our society. It was clear from the entries this year that they were having a positive impact not only on their own business, but also on the communities around them. I look forward to seeing how these businesses continue to invest, grow and contribute to our wider society.

Nikki Canavan, Senior Director, Bank of Ireland Corporate Banking said:

This has been quite a year for Irish businesses, a year that began in 2022 in the grip of a global health crisis, with businesses grappling to emerge from pandemic restrictions being met almost immediately by new challenges, the global equilibrium rocked by Russia’s invasion of Ukraine, rapid inflationary pressure, tightening labour markets, not to mention, the almost forgotten, but prevailing Brexit tailwinds. The performance of these Best Managed Companies throughout the pandemic and these more recent headwinds is a testament to the energy, resilience and skills of their respective management teams and staff who have all been resolutely tested in ways we could not have predicted over the last few years. Bank of Ireland has been delighted to be able to support them through this year, as their Bank in many cases and also through our Coaches on the BMC programme.

About the Best Managed Companies Awards

The Deloitte Best Managed Companies programme, in association with Bank of Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous process that evaluates the calibre of their management abilities and practices.

Programme sponsors are Bank of Ireland, the IMI and the Business Post. For further information, visit www.deloittebestmanaged.ie.

International History of Best Managed Companies Programme

The Best Managed Companies Programme originated in Canada in 1993, where it has been run successfully ever since and is the country’s leading business awards programme. In addition to Ireland and Canada, the programme is currently run in a total of 48 countries including China, The US, Southeast Asia, The Netherlands, Belgium, Germany, Denmark, Czech Republic, Italy, Sweden, Norway, Turkey, Mexico and Chile