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Explore A Globe & Mail Award. A 125 Year Legacy. What Can Businesses Learn From Mancal? with 5,203 views, 136 likes, and 1 comments. Experience the impact of this video content that has captured audience attention.

125-year family business wins Globe & Mail award: lessons in reinvention & discipline. Register for free for the International Investment Forum: https://ii-forum.com/ The ‘International Investment Forum’ – (‘IIF’) provides information on investment trends and ideas, covering all aspects of various industries, from top executives and managers around the world. Join host Lyndsay Malchuk on Market Frontlines for a rare sit-down with Steve Letwin, President and CEO of The Mancal Group – a 125-year-old family business just named one of Canada’s Best Managed Companies by The Globe and Mail. From its roots with a Irish immigrant to a diversified powerhouse in energy, private capital, real estate, and natural resources, Mancal has mastered reinvention across generations. Steve reveals the secret to building a company that lasts: disciplined balance sheets, a culture of empowerment, “putting alligators on the table” (radical transparency), and never falling in love with your own equity. If you lead a business, invest in critical industries, or want to know how family firms survive bull markets and busts, this episode is your playbook for long-term value. Mancal Group, Steve Letwin, Globe and Mail Best Managed Companies, family business legacy, Canadian private company, 125 year history, diversification strategy, reinvention in business, balance sheet discipline, long-term value creation, energy and natural resources, private capital, real estate investment, leadership lessons, bull market advice, family governance, Apaton Media, Market Frontlines If you enjoyed this deep dive, please like, subscribe, and hit the notification bell for more market-moving conversations. Share your thoughts or questions in the comments below! https://www.mancal.com https://www.linkedin.com/company/the-mancal-group/ https://apaton.com https://www.linkedin.com/company/apaton-finance-gmbh https://www.linkedin.com/showcase/internationalinvestmentforum https://www.youtube.com/@internationalinvestmentforum Video Chapters: 00:00:00 - Intro: A 125-Year Legacy & The Globe and Mail Award 00:01:15 - Welcome: Steve Letwin on Vancouver and the Mining World 00:02:40 - What Makes Mancal a Best Managed Company? (Board, Culture, Independence) 00:03:50 - The Founder’s Story: Frederick Stephen Mannix 00:05:30 - Winning the Award: Culture, Engagement, and Empowerment 00:06:40 - Discipline Over Hype: Staying Out of the Limelight 00:07:30 - Diversification as Reinvention: From Construction to Energy to Real Estate 00:09:00 - “Reinvent or Stagnate” – How the Mannix Family Evolved for 125 Years 00:10:10 - Protecting the Foundation: Balance Sheet Management and Never Being Forced Out 00:11:30 - “Put Alligators on the Table” – Radical Transparency and Bad News Early 00:12:40 - Bull Market Advice: Don’t Overleverage, Don’t Drink Your Own Whiskey 00:13:50 - Final Lessons: Dry Powder, Distributions, and Long-Term Thinking 00:14:30 - Conclusion: Where to Learn More and Subscribe Host: Lyndsay Malchuk | Guest: Steve Letwin (President & CEO, The Mancal Group) | Produced by Apaton Media. Music and graphics licensed via Apaton Finance GmbH. #FamilyBusiness #BestManagedCompanies #GlobeAndMail #MancalGroup #SteveLetwin #LongTermValue #Reinvention #Diversification #BalanceSheetDiscipline #PrivateCompany #CanadianBusiness #EnergySector #RealEstateInvesting #NaturalResources #LeadershipLessons #MarketFrontlines #ApatonMedia #BullMarketAdvice #FamilyLegacy #BusinessResilience Notes: This video is for informational purposes only and does not constitute a recommendation to buy or sell securities. The statements reflect the views of the interviewed company. Please consult a professional advisor before making investment decisions. Some links may be affiliate or sponsored. Investments in securities involve risks. Conflicts of interest exist. Further details are provided at the end of the video. Covered Company: The Mancal Group 530 8th Avenue SW, Suite 1600 Calgary, Alberta T2P 3S8 Canada The interview was first published on June 1, 2026 at approximately 10:45pm CET. For business inquiries, contact: [email protected]

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