As featured on The Globe & Mail’s Canada’s Top Growing Companies 2024 website.
Giffen Consulting Ltd. (Giffen) has rapidly ascended to become a key player in Canada’s engineering and project delivery sector, focusing on the mining, utility and heavy industrial markets. Founded in 2017 by Joel Giffen, the company began as a solo venture aimed at providing engineering services across Canada. What started as a modest operation has transformed into a multi-disciplinary powerhouse with more than 30 employees and an established presence across the country.
The company’s success is largely attributed to its commitment to providing clients with fit-for-purpose solutions. Being awarded its first design-to-construction project at a major Canadian gold mine in 2021 served as a pivotal moment, highlighting Giffen’s expertise and proving that even a smaller firm can excel in a competitive industry. The company’s strategic focus on collaboration and transparent communication has solidified its reputation as an industry leader.
“I saw the need for a medium-sized engineering company that cares about their clients and offers personal connection, while simultaneously providing exceptional engineering at a fair market price,” Mr. Giffen says. By integrating robust systems and tools typically found in large-tier organizations, Giffen has been able to deliver top-tier engineering services efficiently and effectively. This has allowed the company to attract and retain talent, growing its workforce significantly since hiring its first salaried employee in August 2021.
Giffen’s remarkable financial trajectory underscores the company’s success. “When I started the company, success was measured by my own financial gain,” Mr. Giffen says. “As the business has grown, real success lies in using that revenue to help others. Our rapid growth has not only secured my family’s future but also provided a team with stable careers, growth opportunities and the ability to support their own families, from mortgage payments to memorable vacations.”
In 2022, Giffen reported an annual revenue of $1.89-million, and the company has since doubled its annual revenue each year. This consistent upward trajectory highlights the company’s ability to adapt, innovate and meet the demands of a competitive market.
Giffen is not just about growth in numbers but about building a legacy in the engineering landscape. The company’s ethos revolves around integrity, clear communication and a formidable team spirit, which has earned it a solid reputation. The company’s success over the last few years is due to the resilience, hard work and exceptional talent of this incredible team who is dedicated to delivering high-quality work in a challenging industry.
“We believe there is an opportunity to make a lasting, positive impact on society by changing the negative perception of the mining sector,” Mr. Giffen says. “We are fortunate to do so through the power of engineering.”
Giffen stands out for its resilience and entrepreneurial spirit. The company’s success is rooted in its nimble and innovative approach, ensuring that it not only meets but exceeds the expectations of its clients. Giffen is poised to continue its upward trajectory, replicating its successful business model nationally. The company’s vision of redefining engineering excellence remains at the forefront of its operations, driving sustainable strategies and long-term value creation for its stakeholders.
The Numbers
- 2023 Revenue: $2M – $5M
- 3-Year Revenue Growth %: 615%
- Number of Employees: 24
- Years on Ranking: 1