Raymond Chabot Grant Thornton buys performance effectiveness-focused FPM360

11 February 2019 Consulting.ca 2 min. read

The Quebec-based counterpart of Grant Thornton Canada has acquired Montreal boutique consultancy FPM360. The move strengthens accounting and consulting firm Raymond Chabot Grant Thornton’s (RCGT) services in financial performance management, finance-related digitalization, and treasury management.

RCGT has boosted its finance function technology offerings in recent years, with the 2017 launch of Catalaxxy in Monteal - a business which provides blockchain strategy, solutions, and implementation - and the rollout of it its Operio solution in partnership with National Bank and the Business Development Bank of Canada. The mobile and web platform provides SMEs with integrated cloud accounting and growth advisory services, as well as access to banking and financing services.

FPM360 specializes in integrated performance management and analytics solutions. The firm helps organizations optimize their finance function through best practices in analytics and planning, treasury management, and technological implementation. It also offers enterprise resource planning solutions from leaders such as SAP, IBM, and BlackLine.

Raymond Chabot Grant Thornton buys performance effectiveness-focused FPM360

"Our strength is the ability to lead the process from start to finish, from diagnosis to deployment," David Mayrand, vice president and partner at FPM360, said.

Founded in 2010 by David Mayrand, Normand Houle, and Hughes Lepage, FPM360 now has a crack team of 47 consultants, most of whom are CPAs. The trio of founders will join RCGT as partners.

"Through this major acquisition, our management consulting practice is essentially doubling the size of its team and our financial performance management offer becomes the most sophisticated of its kind in the market," Emilio B. Imbriglio, president and chief executive officer of Raymond Chabot Grant Thornton, said.

RCGT has more than 2,500 employees (including 200 partners) across more than 100 offices in Quebec, New Brunswick, and eastern Ontario. Together with Grant Thornton LLP (Canada), the firms form a 4,400-person, 170-office network across the country.

"To meet our clients' growing needs, it was essential for us to join a top-flight firm such as Raymond Chabot Grant Thornton,” Mayrand said. “We are proud to be part of this Quebec flagship."

Related: Grant Thornton expands into Saskatchewan with firm acquisition