MNP continues acquisition drive, acquires Sudbury accountancy
MNP is keeping up its acquisition drive for regional accountancies, as the firm this week announced the purchase of a six-person firm in Sudbury, Ontario.
The deal for McLelland Crawford Topp will add six professionals, including partners Cameron Crawford, Stephen McLelland, and Rick Lindquist. The firm provides services in taxation, audit, accounting, business consulting, and estate planning to individuals and businesses in the Greater Sudbury Area.
Calgary-headquartered MNP expanded into Sudbury in 2013 when its acquired Laberge Venne and Partners (LVP). The McLelland Crawford Topp team will remain in its current office location, but MNP plans to eventually merge its Sudbury professionals in a single office.
"We've been proud to play our part in the Sudbury community, helping clients of all shapes and sizes to achieve their goals,” said Rob Mozzon, MNP's regional managing partner for Northern Ontario. “We are always looking for opportunities to further our commitment to the region and are very excited to welcome McLelland Crawford Topp – a firm that shares our values and client-centric approach – into the MNP fold.”
MNP, which today has approximately 5,600 people coast-to-coast, has solidified its place as the largest mid-market-focused accounting and consulting firm in the country. A large part of this has been a steady inorganic expansion strategy, which has been largely predicated on the acquisition of numerous boutique accountancies outside of Canada’s major metropolitan areas.
This strategy kicked into a higher gear when MNP added 900 team members from Deloitte’s regional offices earlier this year. The move signalled MNP’s continued commitment to providing accounting services to small- and medium-sized businesses outside of the metropolises (as well as within), and reinforced Deloitte’s increased focus on providing digital consulting services to large organizations.
MNP’s other boutique accountancy acquisitions in the last 12 months include: DMK CPAs (St. John’s, NL); KBHNS (Saint-Laurent, QC); The Newport Group CPA (Port Moody, BC); Furtney Crysler (St. Catherines, ON) and PJ Partners (Burlington, ON).
With the pandemic increasing client demand for digital advisory services, MNP also last year bought IT solutions firm Next Digital and applied data firm T4G.
