MNP acquires 21 offices from BDO Canada

22 January 2025 Consulting.ca

MNP, a Calgary-headquartered accounting and consulting firm, has acquired 21 offices from BDO Canada, a Toronto-headquartered accounting and consulting firm.

The acquisition, which finalized on December 31, 2024, includes more than 40 partners and 420 team members across locations in BC, Alberta, Ontario, and PEI.

The BDO office locations comprising the deal are: Collingwood, Cranbrook, Dryden, Fort Frances, Grande Prairie, Hanover, Kenora, Kincardine, Lethbridge, Lindsay, Mitchell, Mount Forest, Orangeville, Owen Sound, Peterborough, Port Elgin, Prince George, Summerside, Thunder Bay, Walkerton, and Wiarton.

BDO’s Personal Debt Solutions (PDS) services and offices in these locations are not part of the transaction, for which financial details were not disclosed.

“MNP is a homegrown Canadian firm that was established in 1958. With the addition of the new offices we will have nearly 150 offices coast-to-coast, including in the largest urban centres, mid-sized cities, and the smaller rural cities and towns that we find across all provinces,” said Jason Tuffs, chairman and CEO of MNP. “Our business model has always been designed to support clients in the communities where we live and work, regardless of their size. This addition reflects our commitment and focus to helping clients in the private, not-for-profit and public sectors across Canada.”

MNP’s last bulk acquisition of regional accountancy offices was in 2021, when the firm acquired over 20 offices from Deloitte Canada across several provinces.

The transaction boosts MNP’s headcount to approximately 9,000 people and decreases BDO’s headcount to approximately 5,000.

“It has been a pleasure to work with our Partners and team members to serve our clients in these markets,” said Bruno Suppa, CEO of BDO. “As we prepare for 2025 and beyond, our priority is modernizing our firm to elevate the delivery of integrated solutions across our expansive network of 80+ offices nationally.”

More on: BDO
Canada
Company profile
BDO
BDO is not a Canada partner of Consultancy.org
Partnership information »
Partnership information

Consultancy.org works with three partnership levels: Local, Regional and Global.

BDO is a Local partner of Consultancy.org in Netherlands.

Upgrade or more information? Get in touch with our team for details.