CTE Recognized as a US Best Managed Company for Third Year in a Row

CTE Recognized as a US Best Managed Company for Third Year in a Row

CHARLOTTE, N.C., May 10 — CTE is proud to announce it has been selected as a 2023 US Best Managed Company. Sponsored by Deloitte* Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams.

The 2023 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people and fostering a dynamic culture, as well as strong financials. Designees propelled their businesses forward and remained true to their purpose and values by investing in their people, creating advantage through digital transformation, taking measurable action on sustainability, and demonstrating their commitment to diversity, equity, and inclusion.

“We are grateful to have a robust brand portfolio and a dedicated team of amazing people,” said Ed Weisiger, Jr., president and CEO of CTE. “Everything we do is centered around serving our employees, customers and communities. It’s an honor to be recognized in this capacity for the third year in a row and I am proud to dedicate this award to the 2,000 teammates who bring our purpose to life each and every day.”

Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 46 countries recognized by the Best Managed Companies program.

About the Best Managed Companies Program

The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit www.usbestmanagedcompanies.com.

About CTE

Founded in 1926, CTE (Carolina Tractor & Equipment Company) serves the essential needs of its communities as a leading solutions provider and one of North Carolina’s largest privately owned companies. The family-owned company is under the third generation of leadership and has built its business based on the principles of trust, integrity, and a desire to help its customers and employees succeed.

CTE sells, rents and services construction and material handling equipment, truck engines, and engineered and power generation systems. The company is headquartered in Charlotte, N.C., and operates in North Carolina, South Carolina, Georgia, Tennessee and Alabama. The CTE family of brands includes Carolina Cat, LiftOne, Carolina Cat Power Systems, Prime Source, Hydraulics Express, SITECH Horizon, Power Products & Solutions and BlueSkye Automation.

CTE was named as a U.S. Best Managed Company in 2021, 2022 and 2023, a designation sponsored by Deloitte Private and The Wall Street Journal that recognizes outstanding U.S. private companies and the achievements of their management teams.

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