KPMG buys Montreal law firm Sweibel Novek Rabbat
KPMG Canada has acquired Sweibel Novek Rabbat LLP (SNR), a Montreal-based boutique law firm.
Founded in 1994, SNR offers tailored service in tax planning, tax litigation, estate planning, and commercial and corporate legal services. The firm has 13 employees, according to its website.
The SNR team will join KPMG Law LLP, the Big Four accountancy’s law firm affiliate. The deal will strengthen KPMG’s ability to support family businesses and entrepreneurs on succession issues as baby boomers continue to exit the workforce.
“This acquisition represents an important milestone for our growth strategy aimed at providing a unique approach to our clients’ business needs leveraging our multidisciplinary capabilities to offer the best legal blend,” said Benoit Lacoste Bienvenue, regional managing partner for Quebec, KPMG Canada. “According to our Focus Québec survey, 82% of Québec companies are accelerating their succession plans. Enhancing our offering to business families is more essential than ever to allow entrepreneurs to address all aspects surrounding the implementation of an optimal transition plan.”
KPMG Law has 150 lawyers across major centres in Canada, including 25 in Quebec. The KPMG International network has 3,800 lawyers across 143 markets providing services in in tax, business, charitable, labour, and immigration law, as well as in tax litigation and estates and trusts.
“We have developed long-lasting and close relationships with our clients over the years and are committed to providing personalized, value-added service,” said Sydney Sweibel, founding partner, Sweibel Novek Rabbat LLP. “We are thrilled to join forces with KPMG and augment their business, personal, and estate planning capabilities through an even more comprehensive range of services tailored to their specific needs.”
The deal follows KPMG’s January acquisition of Ruby Stein Wagner, a Montreal-based accounting and consulting firm.
KPMG Canada has over 10,000 employees, including 1,750 in Quebec.
