News ,

SYDNEY automotive company Alto Group has been recognised for the second time by Deloitte Australia as one of the nation’s best for business performance in its Best Managed Companies awards.

It’s a consecutive win for Alto that was also a winner in the 2019 awards after Deloitte did not hold them in 2020. 

Alto Group managing director Anthony Altomonte, said: “This award recognises the efforts of our management team and our staff. 

“It is their efforts that transforms the Alto Group into something substantial and the substance of our company is our people and culture. 

“On behalf of everyone at Alto Group we thank Deloitte’s for recognising our team and our collective efforts, we are proud to receive this award for the second time.”

The awards, held in association with Google Cloud and the Commonwealth Bank, identifies and celebrates Australian privately-owned and managed companies that set the highest standards of business performance.

In doing so, Deloittes said it “shines a light on the power of private business as a key driver of Australia’s economy.” 

Judges based their decisions on the strengths of the applicants across four key pillars: strategy; culture and commitment; capabilities and innovation; and governance and financials. 

Deloitte private partner and Best Managed Companies program national leader, Natalie Faull, said: “Our Best Managed Companies program is about celebrating the passion, focus, dynamism and growth that Australia’s best private companies are renowned for.” 

“They are often disruptors, they are significant employers, they are always looking for growth and success, locally and beyond our borders, and they are strong supporters in their local communities. The impact of the pandemic has not changed this focus, it has heightened it.

“This year, the program has really demonstrated just how well our best managed private businesses have refined their already well-developed strategies in response to the pandemic.” 

Ms Faull said the COVID environment saw business operations “pivot, including deliberate integration of hybrid workforce management tools and emerging future-focused digitisation of operations.”

“We’ve also seen global trends emerge, with companies investing more in diversity and inclusion and ESG practices,” she said.

The judges found that consistent across the winners was their actions surrounding their people and stakeholders. 

“Communication with employees, customers and suppliers has been a very strong focus, particularly within the context of hybrid working environments, operating in multiple states with differing health directives, and global supply chain disruptions,” Ms Faull said.

Because of COVID restrictions, the 2021 winners will be celebrated at a gala event in March 2022.

Deloitte’s Best Managed Companies was established in Canada in 1993, and has since launched in over 35 countries. 

It uses Deloitte global insights and global best practices – generated from nearly 30 years working with private companies – to identify and celebrate privately owned and managed companies across Australia that set the highest standards of business performance.

By Neil Dowling

Dealer Auction
AdTorque Edge
Schmick