MNP acquires BC firms The Bowra Group and Kerr & Company
National accountancy MNP has acquired The Bowra Group, a Vancouver-based restructuring consultancy, and Kerr & Company, a Kelowna-based boutique accountancy. Financial terms of the transactions were not disclosed.
MNP merged The Bowra Group into its insolvency subsidiary MNP Ltd. effective December 1, 2022.
The deal adds three partners and eight team members from The Bowra Group to MNP Ltd. – one of the largest corporate insolvency practices in Canada, with 220 offices across the country.
"Joining forces with the skilled team at The Bowra Group gives us the unique opportunity to increase our local bench strength while growing our corporate insolvency services in Western Canada," said Grant Bazian, president of MNP Ltd.
The Bowra Group was founded in 2004 and has offices in Vancouver and Edmonton.
"In joining forces, we will quickly build even greater presence for The Bowra Group's existing service offerings and expertise," said Mario Mainella, principal partner at The Bowra Group. "From our clients to our team members, we're optimistic the merger will yield long-term benefits for everyone."
Kerr & Company, meanwhile, will join MNP proper, which has more than 7,000 professionals nationwide providing audit, tax, and consulting services to mid-market clients. The deal will complete on January 16, 2023.
Founder Chris Kerr and his team of 11 people will join MNP’s Okanagan region, which is led by Trina Warren.
“The Okanagan is a prosperous and diverse economy with many vibrant communities stretching across a wide geography," said Warren. "We constantly looked for opportunities to further our commitment to the area and are delighted to add Kerr & Company – a firm that shares our values and client-centric approach – into the fast-growing MNP fold.”
Kerr & Company was founded in 2015 and provides tax, accounting, bookkeeping, and business consulting services primarily to real estate, construction, and trades and professional clients.
MNP’s British Columbia acquisitions since 2019 include The Newport Group CPA, Schwab & Associates, Chun & Co., and Deloitte’s Prince George office.
