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LMC Group of Companies Named One of Canada’s Best Managed Companies

Toronto, ON – March 10, 2015

LMC Group of Companies was named one of Canada’s Best Managed Companies in 2014 for excellence in business performance. Sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums, the Best Managed award recognizes Canadian owned and managed companies with revenues over $10 million for sustained growth, financial performance, management practices and the efforts of the entire organization.

“I would like to congratulate LMC and its entire workforce. Achieving this standard of excellence takes a united effort from a dedicated team,” said Peter Brown, National Co-Leader of Canada’s Best Managed Companies Program and Senior Practice Partner, Deloitte

The LMC Group of Companies has grown from a small family-run business established in 1977 to one of the largest mechanical construction companies in Eastern Canada. The company grew by tackling ever increasingly large and complex projects. LMC was the primary mechanical contractor for the construction of Canada’s Largest LNG Tanks at the Canaport LNG facility in Saint John, New Brunswick and was the major contractor for the first refurbishment of a Candu Nuclear Reactor.

Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs that recognizes Canadian companies that have implemented world-class business practices and created value in innovative ways. Applicants are evaluated by an independent judging panel on how they address various business challenges, including new technologies, globalization, brand management, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth.

“I am exceptionally pleased with receiving this award. Being named as one of Canada’s Best Managed Companies is a great recognition of the hard work that has contributed to our success over the past 30 plus years. We have continually challenged ourselves to improve and grow the company. Over the years we have expanded our markets and services but our core values have stayed the same. We are dedicated to meeting our customers’ needs and have an obsession for safety, quality and strong leadership. This is not only a win for me but for all employees of the LMC Group of Companies. Winning this award motivates us to continue to innovate and challenge the status quo,” said Styve Dumouchel, CEO LMC Group of Companies.

“CIBC congratulates the 2014 Canada’s Best Managed Companies winners for this remarkable achievement, which is a reflection of strong leadership, sound business planning and sustained growth,” said Jon Hountalas, Executive Vice-President, Business Banking, CIBC. “We’re proud to recognize their contributions to the Canadian marketplace.”

2014 winners of the Canada’s Best Managed Companies award, along with the Gold Standard winners, Requalified and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on March 31, 2015. On the same date, the symposium will address leading-edge business issues that are key to the success of today’s business leaders.

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 $10 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) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the 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 reapplied for the designation. Companies may requalify for two additional years, subject to annual operational and financial review; 4) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Queen's School of Business and MacKay CEO Forums.

For further information, visit www.bestmanagedcompanies.ca.

About LMC Group of Companies (www.lmc-ltd.ca)
Lorneville Mechanical Contractors was founded in Saint John, New Brunswick in 1977. The initial focus of the company was offering field mechanical construction services to industrial customers primarily located within the vicinity of Saint John. Over the years the company has grown in size, expanded services and branched out to meet the needs of customers in other geographic locations. The LMC group of companies now includes: Master Mechanical; LOMA in Newfoundland and Labrador; Qualmec in Quebec and XL-Air / Hydroplumb in Ontario. We are one of the largest mechanical construction companies in Eastern Canada and offer a full range of Engineering, Fabrication and Mechanical Construction services. At LMC we believe that we are the best in our industry and that our success goes hand in hand with our customer’s success.


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Irving Oil has awarded Saint John based Lorneville Mechanical an $ 80 million Five Year Tank Maintenance Contract

Irving Oil Press Release

April 29, 2014

Irving Oil has awarded Saint John based Lorneville Mechanical a five year project work contract valued at up to $80 million. The $80 million investment will ensure the safety, reliability, environmental performance and extension of asset life throughout Irving Oil’s refinery, its East Saint John facility and Canaport.

Up to 40 jobs will be created at Lorneville Mechanical for tradespeople such as pipefitters, boilermakers, labourers and scaffolders. Engineers and project managers will also be required to complete the project work.

“We’re looking forward to working with a regional company who, like Irving Oil, has strong ties to our community,” says Mark Sherman, General Manager of the Irving Oil Refinery. “This contract will bring tremendous benefits to our province and local region.”

“To us, this means that Irving Oil believes in local companies,” says Styve Dumouchel, CEO of Lorneville Mechanical. “The contract allows us to grow, create jobs and develop expertise so we’re better prepared to bring back other opportunities to New Brunswick.”


About Irving Oil

Irving Oil was founded in 1924 and is a privately owned, increasingly global refining and marketing company with a history of long-term partnerships and relationships. Irving Oil operates Canada’s largest refinery, in Saint John NB, which is located 65 miles north of the US border and has reached production rates in excess of 320,000 barrels per day. The refinery exports over 80 per cent of its production to the US and accounts for 75 per cent of Canada’s gasoline exports to the US and 19 per cent of all US gasoline imports. In 2003, Irving Oil became the first oil company to receive a US Environmental Protection Agency Clean Air Excellence Award, for its clean gasoline.

www.irvingoil.com


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LMC acquires X-L Air and Hydroplumb

LMC INVESTMENTS PRESS RELEASE

December 17, 2013

LMC Investments expands to Ontario with the acquisition of a commercial HVAC contractor as well as a commercial plumbing contractor operating in the Ottawa region.

Saint John, New Brunswick – Styve Dumouchel, CEO of LMC Investments Ltd. (“LMC”), the parent company of Lorneville Mechanical Contractors, Qualmec, Master Mechanical and LOMA, announced today that LMC has closed the acquisition of X-L Air Energy Services Ltd. ("X-L Air") and Hydroplumb Mechanical Ltd. (“Hydroplumb”), Ottawa based commercial HVAC and plumbing contractors.

“We are excited to welcome the X-L Air and Hydroplumb teams to the LMC family. Both organizations share a commitment to quality and a strong focus on customer satisfaction.” said Styve Dumouchel, CEO of LMC. “Given the deep experience and business relationships of the two companies and the strength of LMC, we expect new opportunities for growth and better capacity to serve our customers going forward.”

X-L Air commenced operations in 1995 and Hydroplumb began operations in 2008. Under the guidance of its founder Nick Haitas, the companies’ design capabilities and technical knowledge are well-suited to handle complex projects such as LEED certified initiatives, as well as renovations to sensitive environments such as historical and heritage sites. The Companies have worked on several significant and heritage–sensitive projects in the Ottawa area, including: the new 20-storey offices for Export Development Canada building, the Canadian Broadcasting Corporation Building, the Canadian Parliament Centre Block and West Block, the DeMarais and Biology ‘A’ buildings at Ottawa University, the 1,400,000 sq. ft. Target Distribution Centre in Cornwall, the National Gallery of Canada, and others. The companies are currently working on the Rideau Centre Mall renovation and on the Lansdowne Park redevelopment project including the CFL Stadium, its Parking Garage and three buildings.

“The addition of X-L-Air and Hydroplumb is part of LMC’s long-term growth strategy” said Styve Dumouchel. “LMC operates throughout Atlantic Canada and in Quebec. Ontario seems like a natural next step for us. Ottawa is a strong and stable market with a significant amount of large projects on the horizon”

“This acquisition offers significant synergies with LMC’s commercial plumbing contractor, Master Mechanical.” said Todd Bethune, Chief Financial Officer of LMC. “The combined strengths of the three companies should lead to process improvements and new business opportunities as the companies pool their collective resources.”

Financial details of the transaction are not being disclosed.

About LMC
LMC was founded in 1977 offering field mechanical construction services to industrial customers. Today the company is one of the largest Atlantic Canadian-based mechanical construction companies, offering a full range of engineering, fabrication and mechanical construction services to clients throughout Eastern Canada.

www.x-l-air.ca
www.hydroplumb.ca