KPMG buys Quebec accountancy Lacroix Allaire Héroux Beaudry

KPMG Canada has acquired Lacroix Allaire Héroux Beaudry Chartered Professional Accountants, a boutique accountancy located in the North Shore suburbs of Montreal.

The Laval-based firm was founded in 2012 and has a team of five people. Lacroix Allaire Héroux Beaudry has annual revenues of approximately $1.3 million, according to Dun & Bradstreet, and is headed by partner Jean Lacroix.

"We are extremely proud to welcome Jean T. Lacroix, Stéphan Héroux, Bruno Beaudry, and their staff into the KPMG in Québec family. This new office on Montréal's North Shore complements our long-established regional presence through offices in Montréal, the South Shore, Town of Mount Royal and Québec City and we once again reaffirm our commitment to support Québec entrepreneurs and family-run businesses outside the major urban centers," said Benoit Lacoste Bienvenue, Quebec managing partner at KPMG Canada.

Rival Big Four firm Deloitte earlier this year made a pointed decision to divest many of its regional offices catering to small business services. Mid-market firm MNP scooped up 900 Canadian employees in the transaction, including 500 in Quebec.

Clients in Montreal’s northern suburbs will now be closer to KPMG's enterprise practice, which supports private businesses – including family businesses, entrepreneurs, and fast-growing companies.

"We're delighted to join an organization with the size and scope of KPMG in Canada – which shares our corporate culture and commitment to small and medium-sized private companies," said Lacroix. "Together, we will be able to deliver comprehensive solutions to help businesses grow.”

KPMG has more than 1,100 employees across four locations in Quebec, and more than 7,000 people in Canada.

The firm last year acquired Allard Matte, an accountancy based in Montreal’s South Shore suburbs. The deal added a team of nine professionals.