MNP acquires valuation specialist Babin Consultants

MNP, a national accounting and consulting firm, has acquired Babin Consultants, a Quebec City-based boutique M&A specialist.

Founded in 2017, Babin Consultants provides business valuation-related services for professionals, with a focus on dental and other healthcare practices.

MNP’s acquisition of the firm will add four professionals to its Quebec City office, including founder Dr. Ariane Babin – the only dental professional in Canada with a certified business valuation accreditation.

Prior to founding her firm, Babin spent a year as director of operations and development at MedVaris, a Quebec-based healthcare practice specializing in the treatment of varicose veins. Before that, she spent five years as a dental surgeon. Babin holds an MBA as well as a doctorate in dentistry from Université Laval.

"Since the pandemic, we've seen a surge in M&A activity, and as a result we've experienced growing demand from businesses and healthcare practices looking for help with business valuations," said Jonathan Banford, MNP’s advisory services leader in Quebec. "This merger truly is a win-win for both our firms and the Quebec marketplace. We're thrilled to welcome Dr. Babin and her team of professionals into the MNP team."

The deal follows MNP’s acquisition of numerous regional offices from Deloitte earlier this year. The transaction added 900 people in Canada, including 500 in Quebec.

Calgary-headquartered MNP entered the Quebec market in 2011 and today has more than 113 partners and 900 team members across 21 offices in the province.

“Although MNP is a large, national firm, it's best known across Canada for its personal, local focus, and commitment to being present in and supporting the communities in which its teams live and work," Babin said. “We are particularly excited about MNP's strong focus on healthcare professionals, which is a specific group of people we have exceptional expertise and experience working with."

Financial terms of the transaction, which closed earlier this month, were not disclosed.