BDO Canada acquires Geneva Merger & Acquisition Services

23 March 2020 2 min. read

BDO Canada has acquired Geneva Merger & Acquisition Services, a boutique M&A advisory firm based in Toronto.

Geneva was founded in 1998 and specializes in representing owners selling companies valued between $3 million and $100 million. The firm delivers turnkey services from initial evaluation to packaging, to sourcing multiple buyers and negotiating a successful closing. Geneva also assists with raising new financing, and represents purchasers on a selective basis.

The company has conducted successful transactions in a wide range of industries encompassing manufacturers, distributors, and service companies.

BDO’s acquisition of the firm strengthens its M&A advisory business with the addition of deep mid-market experience.

BDO Canada acquires Geneva Merger & Acquisition Services

“This is a great opportunity to grow our M&A business,” said Michael Morrow, BDO’s national M&A and capital advisory leader. “Geneva’s team will add further M&A expertise in the mid-market and will play a critical role in covering clients nationally. In particular the Geneva team will enhance our capabilities and coverage in the Southwest Ontario region, which we see as a very important market and for us to be able to serve locally.”

BDO’s M&A practice serves mid-market clients across the country, with services that include acquisition strategy development, acquisition advisory, preparation for sale, and private company divestitures.

“We think this partnership is a terrific fit and look forward to working together to accelerate growth in the business,” said Brian Trainor, managing partner at Geneva. “Geneva’s long track record of success in working with privately held, owner operated companies in the mid-market will be complementary to BDO’s growing M&A platform.”

BDO Canada is headquartered in Toronto and has 3,700 staff across more than 125 offices in the country, with $642.2 million in annual revenues. The company provides a full suite of professional services in audit, tax, and advisory.

The company also this month acquired Lixar, an Ottawa-based AI and data consultancy with more than 200 employees.