MNP acquires Northern BC accountancy Schwab & Associates

11 March 2020 2 min. read
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MNP, Canada’s fifth-largest accounting and consulting firm, has acquired Schwab & Associates, an accounting firm with offices in Fort St. John and Chetwynd, British Columbia. The transaction is effective June 1, 2020.

For nearly 40 years, the CPA firm has been providing accounting, bookkeeping, and taxation services to individual and corporate clients in Fort St. John, Chetwynd, and elsewhere in the Peace River Regional District.

MNP’s acquisition of the firm expands its presence and resources in Peace Region and Northern BC, while Schwab & Associates' clients gain expanded specialty services and a national network.

“Changing market conditions are impacting the way businesses must operate. As such, we are continually looking at new ways to enhance our service offerings and help our clients achieve their goals,” said Marco Schwab, Schwab & Associates. “By joining MNP we add more resources, more specialized services and a wider range of experiences, all of which will bring greater value to our clients. MNP serves a wide range of clients in diverse sectors, including all the key industries we serve and more.”

MNP has a more than 5,000 employees in over 80 locations across the country. In addition to accounting and tax, the firm offers a full suite of business consulting services.

Kory Brazel, regional managing partner for the Peace Region, said, "As the largest firm in the market, we will be able to provide our clients in Fort St. John, Chetwynd, and surrounding areas with unparalleled access to teams who can help their organizations succeed. We are thrilled to welcome a well-established and respected accounting firm that shares our values and client-focused approach."

MNP’s aggressive strategy of mergers and acquisitions has helped it reach the highest year-over-year growth rates among the country’s top accounting firms. In fall 2019, the company acquired Deloitte’s Prince George practice, as well as Kelowna-based accounting and consulting firm Chun & Co.

Outside of BC, the company’s recent acquisitions include Kingston, ON’s Collins Barrow SEO LLP Chartered Accountants, Nova Scotia firms MGM & Associates Chartered Professional Accountants and Jennings March Chartered Professional Accountants, and Montreal-based management consultancy Mobilis Strategic Advisors.