KPMG acquires Montreal accountancy FMBT LLP
KPMG Canada has acquired FMBT LLP, a Greater Montreal area accounting and consulting firm.
Founded in 2002, FMBT has more than 20 people across offices in Terrebonne and Ste-Therese on Montreal’s North Shore. The firm provides tax, accounting, financial planning, and management consulting services to small- and medium-sized businesses. FMBT’s consulting offering includes valuation, M&A, business startup, succession planning, strategy development, and growth planning.
"The integration of FMBT's professionals into our KPMG Enterprise team in Québec increases our service offering and presence on the North Shore of Montréal, a strategic region for us," said Benoit Lacoste Bienvenue, managing partner for Quebec at KPMG. "This acquisition supports our growth strategy in Québec and confirms our desire to support entrepreneurs and their communities wherever they are."
The acquisition builds on several deals in the province in the last 14 months. KPMG in April acquired DayOne Consulting, a Montreal-based Workday software consulting specialist with more than 60 employees. In September 2021, the Big Four firm bought RDQ, a Joliette, QC-based consulting firm specializing in scientific research and experimental development (SR&ED) tax credits. In May 2021, KPMG bought Lacroix Allaire Héroux Beaudry CPAs, a Laval-based boutique accountancy.
“Our priority is to constantly strive to provide our clients with the best services and advice, and we are very pleased to join KPMG in order to expand the range of services available to our clients," said Guillaume Fournier, partner at FMBT. "We will continue to meet the fundamental accounting requirements of our entrepreneurial clients, and guide them with greater depth in tax, management, and financial planning," added Karine Laurence, partner at FMBT.
KPMG has more than 1,750 professionals and employees in eight locations across Quebec serving private- and public-sector clients. The wider Canadian firm has more than 10,000 people in 40+ locations.
