RICHMOND, British Columbia -

For the fifth year in a row, OpenRoad Auto Group announced that it has been honored with a Gold standard requalification as part of Canada’s Best Managed Companies program, which recognizes Canadian owned and managed companies with revenues above $15 million that demonstrate strategy, capability and commitment to achieve sustainable growth.

“It is a great honor to receive this prestigious gold standard designation once again,” Christian Chia, president and chief executive officer of OpenRoad, said in a news release. “It’s validating to be recognized for the continued efforts of our entire team to ensure that we remain one of the premier dealership groups in Canada.”

The Canada’s Best Managed Companies program has recognized successful businesses since it was established in 1993 and has become one of the country’s leading business awards programs, according to OpenRoad.

Award candidates were evaluated by an independent judging panel comprised of executives from Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums, according to OpenRoad

“It’s more than just financial performance,” Deloitte’s Peter Brown and co-leader of Canada’s Best Managed Companies said. “The ingredients to success also include overall business performance and sustained growth. It takes dedication and commitment from the entire organization.”

On April 19, recipients of Canada’s Best Managed Companies award will also be honored at the annual Canada’s Best Managed Companies gala in Toronto.

New dealership opens

In the past year, OpenRoad announced it opened three new dealerships and acquired Bentley, Lamborghini and Rolls-Royce in Bellevue, Wash.

The new stores include OpenRoad Volkswagen, OpenRoad Audi Boundary and OpenRoad Hyundai Boundary.

The latter is a Hyundai store in downtown Vancouver  andis the newest addition to Hyundai's expanding Global Dealership Space Identity program (GDSI) that is being rolled-out throughout the country and globally, according to Openroad.

This store, in addition to OpenRoad Hyundai Richmond, are the first Hyundai dealerships in OpenRoad’s portfolio.

"We are pleased to bring the first GDSI Hyundai dealership and a landmark new facility that represents the maturing of the Hyundai brand to Vancouver," Christian Chia, dealer principal of OpenRoad Hyundai Boundary, said in a news release. "The entire OpenRoad Hyundai Boundary team worked exceptionally hard to open the doors and we're excited to be able to serve the Hyundai community at this incredible new state-of-the-art facility."

OpenRoad Hyundai Boundary, which is a $2 million and 30,000-square-foot facilities, has become one of the premiere automotive facilities in the region, according to the company.

"With the GDSI program, Hyundai dealers coast-to-coast are raising the benchmark for what a modern, welcoming dealership can be," Don Romano, president and chief executive officer for Hyundai Auto Canada Corp. said in a news release. "OpenRoad Hyundai Boundary is an immaculate facility that showcases the stylish, high-quality, well-equipped Hyundai vehicles in our line-up. I would like to congratulate the entire team at OpenRoad Hyundai Boundary for their successful opening."

Additionally, the new facility is dressed with a new vehicle showroom that displays 12 vehicles indoors, 18 bays to service customer vehicles along with a service drive-thru, car wash, and indoor vehicle delivery area.

Currently, OpenRoad said it has more than 900 associates and represents 17 brands at 20 full-service car dealerships.