Eight P.E.I.-based companies made the 2013 Top 101 Companies in Atlantic Canada compiled by Progress magazine.
© Submitted photo
Vector Aerospace operation at Slemon Park.
Summerside-based companies Vector Aerospace-Atlantic placed at No. 19 with $227 million in revenue and Amalgamated Diaries Ltd. placed at No. 26 with $132.9 million in revenue.
Among the other P.E.I. firms on the list is Charlottetown-based BioVectra Inc. (No. 47), which climbed 13 spots from last year, reporting revenues of $40 million.
New to the 2013 TOP 101 is Charlottetown-based Coach Atlantic Group (No. 76) with revenues of $13 million and Metro Credit Union which made the list (No. 86) with $47.8 million in revenue.
P.E.I. Mutual, based in Summerside, and the Charlottetown Airport Authority were also listed among the top 101 companies. P.E.I. Mutual placed a little higher on the list this year at 63rd (up from 67th place in 2012) with over $20.6 million in revenue. The Charlottetown Airport also crept up the list to the No. 83 spot (from 89) with over $8.5 million in revenue.
Progress magazine ranks the companies by revenue for the 2012 fiscal year.
In total the 2013 Top 101 earned more than $35 billion in total revenues, provided employment for close to 100,000 people in the region, and own assets of more than $50 billion.
"Twenty years later, what's new and improved about the business landscape in Atlantic Canada?" asks Neville Gilfoy, the founder and publisher of Progress.
"A capital driven business community is emerging. Start-ups abound. International marketing is a growing discipline for executive teams. Mentors and advisory boards are carefully sought. And regional collaboration and partnerships are beginning to push aside parochial thinking."
Topping this year's list, and for the 12th straight year, is Stellarton-based Empire Company Ltd. (No. 1). Last year the company reported sales of more than $16 billion. That figure is expected to increase significantly by the end of this fiscal year due to its recent purchase of Canada Safeway, a deal that bumps the company's national market share from 13 to 18 per cent.
Also topping the list: Fortis Inc. (No. 2), Bell Aliant (No. 3), Emera Inc. (No. 4), Jazz Aviation (No. 5), High Liner Foods (No. 6), Major Drilling (No. 7), Wilsons (No. 8), Co-op Atlantic (No. 9), and Nova Scotia Liquor Corporation (No. 10).