6 October 2016 - For Immediate Release
FREDERICTON, NB – The Fredericton Chamber of Commerce has named Teed Saunders Doyle as its
140 Carleton Resilience Award recipients. The award recognizes a business that has overcome a major challenge that was not exclusively financial in nature.
In 2010, Ralph Gorman, a long-time partner at the accounting firm passed away suddenly, leaving the rest of the organization without a succession plan (in addition to the two other senior partners also looking towards retirement). While dealing with the loss of their friend and mentor, the rest of the team was compelled to focus on the firm’s clients and keep moving forward with business as usual as much as possible. Complicating matters further, Teed Saunders Doyle was (and still is) going through a period of significant business growth.
“Obviously going through this unexpected transition was a major challenge for our team. There is a close relationship between a client and their accountant and our first priority was working with Ralph’s clients to ensure that they saw no disruption in service,” said Jeff Saunders, partner at Teed Saunders Doyle. “It was actually incredible to see our staff band together during such a difficult time, both professionally and personally - they deserve all the credit in the world.”
The award is presented by 140 Carleton, a Ross Ventures project, which will be a new 75,000 square foot premium class A mixed use building at the centre of Downtown Fredericton. “More than just an office building, we aspire to bring our community and our tenants together by creating a lasting architectural structure. This development will be a modern and purposeful business hub that appeals to our City’s growing innovative business sector,” said Jeff Yerxa, President & CEO of Ross Ventures. “We work with local, national and global companies and our tenants include leaders in a wide range of industries. When designing the building we took a sustainable approach, aiming to have a positive impact on tenants health and productivity.”
Ross Ventures is a local, family-owned business.
“For more than 40 years, Ross Ventures have proudly owned, managed and developed commercial and residential properties in New Brunswick. We are passionate about our city and it’s future and place that passion along with creativity and expertise into all of our projects,” added Jim Ross, Chairman of Ross Ventures. “It is for this reason that we are proud to present the 2016 Resilience Award to Teed Saunders Doyle. We can appreciate the particular challenges they have faced over the past few years and commend them for coming out a stronger organization that is set up for long-term success. They are the embodiment of ‘resilience’”.
The challenge also spurred other forward-looking changes at the firm.
“During this time, we were so focused on client service that we didn’t have much time to deal with the day-to-day operations of running a business - we liked that and so did our clients,” added T.J. Smith, partner. “So much so that we decided to add a Chief Operations Officer to the team so that we could continue to spend almost all of our time on client work.”
“The importance of having a succession plan in place became very obvious to us, of course. This is something that we talk to clients about all the time, but it’s just something you don’t think about that much in your own business,” said John Landry, another partner. “Now we are strategically planning 5,
10, 15 years ahead and continue to be focused on our clients and growth.”
In addition to their staff, the firm is appreciative of the support they received from the community, particularly their clients and business associates.
“It goes to show what a great job the previous generation of partners, including Ralph, did to build the business,” added Kenny Kyle, partner. “The relationships that have been established over the years were very strong and nearly 100% of Ralph’s clients did not hesitate to stay with our firm. To me, this
is a product of both their hard work and the fact that our current team is a group of dedicated professionals that gets the job done for our clients - no matter what.”
The Resilience Award will be presented at the 2016 Business Excellence Awards on October 20, 2016 at the Delta Fredericton.
With more than 950 members, the Fredericton Chamber of Commerce is one of Atlantic Canada’s largest chambers of commerce. A dynamic business organization, the Fredericton Chamber of Commerce is actively engaged in policy development that affects the competitiveness of our members and of the Canadian business environment.
Contact: Krista Ross, CEO, Fredericton Chamber of Commerce – (506) 458-8006
Contact: Andy Clark, COO, Teed Saunders Doyle - (506) 458-8727