Family-owned oil and gas product company celebrates receiving this influential award
Langley, B.C. – Calgary based Sealweld Corporation has secured its spot as one of Canada’s Best Managed Companies in 2013. The prestigious award tops off a very exciting year for the growing family-owned business, which recently took home the 2013 Alberta Export Award and saw third-generation employee, Andrea Arient, take over as President from CEO, Dean Chisholm. Sealweld, which has operations in Houston and the United Arab Emirates, has been a leader of synthetic valve sealant compounds for the oil and gas pipeline industry in Canada, USA, and the Middle-East since 1969.
“We are extremely proud to receive this important accolade. It acknowledges the hard work and dedication of the whole team over the past few years, “says president, Andrea Arient.“Sealweld looks forward to continuing to expand, grow, and provide our clients with the highest standard of products and services in the industry.”
Recipients of this competitive award are selected after a comprehensive consultation process. Sealweld was able to demonstrate success in many facets of their business including growth strategy and human resources policies.
Over the past three years, Sealweld has focused on ensuring its position as an industry leader by transitioning from an owner-operator business model to a structured, strategic environment led by an executive management team. “Creating the infrastructure to support and sustain the kind of growth we wanted meant finding the right people to build a cohesive executive team,” explains Arient. “I think we have achieved our goal; it has fostered our growth and contributed to our ability to be competitive.”
Sealweld’s family values are front and center when it comes to their employees. “We were delighted to discover [during this process] that our human resources policies were heads above industry standard; we pride ourselves on being a people-focused organization,” says Arient. Sealweld employees enjoy exceptional parental leave benefits, competitive wages, extended health benefits and flexible work schedules. In addition, a staggering 40 per cent of Sealweld employees are enrolled in company funded post-secondary programs. “As a result we have a diverse team, extremely low turnover, and substantially increased our ability to attract and retain top talent,” Arient says.
In 2013, Sealweld reached out to Langley, B.C.-based First West Capital to fund a multi-million dollar expansion deal. “First West Capital promptly provided us working capital to enable us to fulfill expanded contacts with major clients Shell Canada Energy and Saudi Aramco. It’s been a mutually beneficial partnership and we’ve really enjoyed working with them. As such, we’ve recently secured additional funding with First West Capital, primarily to open a location in Abu Dhabi,” Arient reveals. The company’s growth plans also include expanding the brand model in North America and exploring opportunities in Central America.
“First West Capital congratulates Sealweld on being one of Canada’s Best Managed Companies in 2013,” says Robert Napoli, vice president, First West Capital. “We are pleased to assist them a second time around with their expansion plans into Abu Dhabi. Sealweld continues to build momentum in the market with their unrivaled and innovative product offerings and exceptional management team.”
About Sealweld Corporation
Sealweld Corporation was created in 1969 in response to industry demand for superior synthetic valve sealant compounds. Its products are available and have been proven reliable in over 100 countries worldwide and the company’s focus is on the safe reduction and elimination of pipeline valve leakage. For more information about Sealweld visit sealweld.com.
About First West Capital
First West Capital specializes in financing small and medium-sized businesses, with funding ranging from $0.5 million to $10 million, across all industries in Western Canada and Ontario through customized subordinated loans and mezzanine financing. With a collaborative and partner-focused approach, we help clients finance expansion, acquisitions, MBO and shareholder buyouts, and high ratio real estate. www.firstwestcapital.ca