../Morning Post
Posted November 9, 2009
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Merger

MEYERS NORRIS PENNY EXPANDS IN SOUTHERN ONTARIO

Collins Barrow Waterloo and Cambridge practices to join MNP

Calgary – Meyers Norris Penny LLP (MNP), one of Canada’s largest chartered accountancy and business advisory firms, announced yesterday that the independent firm of Collins Barrow Region of Waterloo LLP has joined MNP. Effective January 1, 2010, the region, which includes two locations in Waterloo and Cambridge, will begin operating under the MNP name.

“MNP’s strategic plan for growth and entrepreneurial spirit have always been key factors in our success,” said Daryl Ritchie, MNP’s Chief Executive Officer. “This merger is building on our strategic plans for growth in the southern Ontario market.”

MNP is ranked as the seventh largest firm in Canada and employs over 2,500 people from Vancouver Island to the Greater Toronto Area (GTA). For more than 60 years MNP has served the mid-market public and private sectors in the areas of Assurance, Tax and Advisory services. In 2009, MNP was recognized by the Globe and Mail’s Report on Business magazine as one of the 50 Best Employers in Canada.

“We are very excited about joining MNP. By merging with MNP, our clients will benefit from the additional knowledge, resources and experience in numerous industry and speciality areas,” said David Webb, Managing Partner, Collins Barrow Region of Waterloo LLP. “Through this merger, we can ensure that we deliver unique solutions tailored to our clients’ individual needs.”

Ritchie added that the merger is strategic in many ways as the firm continues to expand into Ontario. The firm’s merger with Toronto-based Horwath Orenstein in the summer of 2008 marked the beginning of the firm’s eastern expansion. Since then the firm has added a large corporate and personal insolvency practice with multiple locations across the GTA; and almost 100 new team members.

Webb added that in today’s business environment, it is more important than ever to look at new ways to help their clients achieve their goals. “This merger is a perfect example of how two firms can come together to provide more resources and services to give our clients the edge they need to stay competitive and overcome current business and industry challenges,” said Webb.

Ritchie expects the transition will be seamless as both parties share the same values, culture and commitment to quality services.

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