Archway Insurance named NS Family Enterprise of the Year
Archway Insurance was named the CAFE Nova Scotia Family Enterprise of the Year at an awards luncheon in Dartmouth today.
“It is a great honour to be recognized by other Nova Scotia-based family businesses,” said Archway Vice-President Michael Stack upon accepting the award on behalf of the family. “I am extremely fortunate to be able to work closely with my brother, sister, wife and parents. It feels great to work in such a loving and supportive environment.”
The Stack family attribute their success to a commitment to provide their customers with the right insurance products at the right price, and they work hand in hand with their insuring partners to make this happen. They strive to work with the utmost integrity and treat their employees with dignity and respect. Since 2000 the company has grown from 14 employees to 50 in 2012, and sales have quadrupled in this time.
“As the number of family members working for Archway has grown, CAFE NS has become an excellent resource for us,” says Archway Regional Manager Gina McFetridge. “It is a wonderful feeling to know that we are not alone in dealing with the unique issues facing family businesses. The knowledge and support provided CAFE and its members is invaluable to us.”
At its heart, Archway Insurance is very much a family business. Its story began in November of 1985, when Garry Stack left his banking career and took a leap of faith and bought into an insurance company in Yarmouth, Nova Scotia. As the company has grown over the past decades, so too has the involvement of family members. Today, Garry’s wife, Jane, works in accounting, and his kids have come on board as well: Michael is the firm’s vice president; Michael’s wife, Chastity, works in accounts, Garry’s daughter, Gina, is a regional manager and head of marketing for the company; and his youngest son, Robert, is a commercial accounts manager in Halifax.
As provincial winner, Archway now advances to the national finals.
This award is given annually by CAFE to recognize, celebrate and promote achievements of Canadian family businesses and the considerable contribution they make to both their local communities and our national economy. CAFE Chapters hold their individual awards programs with winners going on to participate in the national competition.
The three national finalists will be featured at a gala dinner to be held in Toronto on June 8, 2013. National winner of the FEYA title for 2012, Emily Tregunno of the Halifax Seed Company, says, “The recognition from the Canadian business family community is both an honor and a privilege. Being recognized with the CAFE Family Enterprise of the Year Achievement Award has made a positive impression on the Halifax Seed Company family and team. It has been a very valuable process, looking at our achievements, successes and challenges both as a family business and as a family.”
ELIGIBILITY: Applicants must be a “family-owned business” rather than an “individual”. A family-owned business is defined as a business organization that has one of the following characteristics:~ Has been owned and operated by different generations of a family.~ Where the potential exists for ownership to be passed on to a younger generation.~ More than one family member has active employment in an organization owned by a family.~ A family holding company, which has in the past or is presently operating a business, must be a Canadian company, the company can operate internationally, but the head office must be in Canada.
The Canadian Association of Family Enterprise (CAFE) is Canada’s only national not-for-profit that celebrates and supports family business. Founded in 1983, it has grown to include 14 chapters from Vancouver Island to Nova Scotia. The organization facilitates peer interaction, allowing family business members to share experiences and learn from each other. CAFE also creates a community of families and professionals who can provide technical solutions and expertise to help families in business succeed. CAFE, as a result, is the voice of family business in Canada. For more information, visit cafecanada.ca