Obelisk again listed among Ireland's Best Managed Companies

Cavan’s Obelisk has been listed as one of Ireland’s best managed companies.

Deloitte, in association with Bank of Ireland, this year recognised 136 Irish companies at its annual awards.

Amongst the winning companies this year was Obelisk, who qualified for the fifth consecutive year for the awards.

The engineering services business was founded in 1996 and currently employs around 250 people across Ireland and the UK.

In May Obelisk announced it had been acquired by Constructel Visabeira, a leading Portuguese company in the global telecommunications and energy networks engineering sector. It’s a subsidiary of telecoms and energy networks giant, Grupo Visabeira.

In a statement at the time, Obelisk said the new partnership would provide access to new markets including UK, France, Germany, Belgium, Portugal, Spain, Italy, Denmark, Sweden and the US.

In this year’s Best Managed Companies shortlist had a combined turnover of €13.9 billion, providing over 51,000 jobs across Ireland across a range of sectors – from retail and hospitality to manufacturing and construction.

The companies received recognition following a detailed judging process that evaluates the entire management team and business strategy in some of Ireland’s top privately owned businesses, looking beyond financial performance at areas such as a company’s environmental, social & governance standards, strategic planning and talent strategy.

Brian Murphy, Lead Partner for Ireland’s Best Managed Companies Awards Programme at Deloitte said: “Year-on-year we’re impressed by the businesses that qualify and requalify for our Best Managed Companies Awards and in another uncertain year, the entries continued to raise the bar. Despite the challenges these businesses faced, the management teams of the winning companies have embraced new opportunities for innovation and growth, offering best-in-class products and services to their customers and retaining their competitive advantage in a world that is ever-changing.”