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McDougall Energy Named One of Canada's Best Managed Companies for Ninth Consecutive Year

McDougall Energy Named One of Canada's Best Managed Companies for Ninth Consecutive Year

Sault Ste. Marie, ON – March 5, 2020: McDougall Energy Inc. ("McDougall Energy") is proud to be recognized as a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for the ninth consecutive year. The company first received this distinguished honour in 2011, and in 2018 it received Platinum Member status which is awarded to companies requalifying seven consecutive years. To achieve Platinum Member designation and maintain it, McDougall Energy demonstrated a commitment to strategy, capability and sustainable growth.

Now in its 27th 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. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.

"Best Managed Platinum Club winners are resilient. They have been consistent in successfully adapting to change throughout the years and overcoming economic challenges. These companies truly impact how Canada is viewed on the world stage when it comes to the success of private business," said Kari Lockhart, Partner, Deloitte Private and Co-Leader, Canada's Best Managed Companies program.

Now in its third generation of family ownership, McDougall Energy has grown to become one of the largest integrated distributors of Esso™ fuel and Mobil™ lubricant products in Canada. The energy company operates in various regions across Canada, serving households, businesses, motorists and wholesale energy customers since 1949. McDougall Energy continues to expand its business through acquisitions and organic growth initiatives with strategic partners across Canada.

"To be recognized once again as one of Canada's Best Managed Companies is a tremendous achievement for McDougall Energy and one that we are very proud of as a company," said Darren McDougall, President, McDougall Energy. "Our business practices are continuously evolving to reflect industry changes and evolving needs of our customers, and this award recognizes our resilience, the strengths of our management team and dedicated employees, and the ongoing support from our customers and the communities where we live and work."

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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 $25 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 Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.

About McDougall Energy Inc.

McDougall Energy Inc. is a privately-owned Canadian family business that has been serving households, businesses, motorists and wholesale energy customers since 1949. The company is a trusted distributor and marketer of propane, Esso™ heating oil, Esso Diesel Efficient™ and Esso Synergy™ fuel products, plus Mobil™ lubricants, and owns and manages a network of Esso-branded retail stations. McDougall Energy business solutions include bulk delivered fuels, lubricants and specialty fluids; wheel-to-wheel and into-equipment refuelling; and access to the coast-to-coast Esso Commercial Cardlock™ network. McDougall Energy has been recognized as one of Canada's Best Managed Companies consistently since 2011. Learn more at www.mcdougallenergy.com.

For further information, please contact:

Angela Corcoran

Communications and Customer Experience Manager

McDougall Energy Inc.

Phone: (705) 941-5012

Email: angelacorcoran@mcdougallenergy.com

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