Collingwood's BDO office is part of an acquisition announced late December that will see MNP taking over 21 BDO offices in BC, Alberta, Ontario and PEI.
The announcement was made on Dec. 23 and the deal went into effect Dec. 31, 2024, according to a news release from MNP.
There will be 40 partners and 420 team members from BDO added to MNP at the following offices: 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 this transaction.
BDO’s chief executive officer, Bruno Suppa, said in the MNP news release the transaction was carefully considered and is an important step into the future.
“It has been a pleasure to work with our partners and team members to serve our clients in these markets. 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," stated Suppa in the release.
"We are proud of BDO's strong history in these communities and saying goodbye to trusted colleagues is never easy. In working with the team at MNP we have developed a supportive transition plan for our team and clients.”
Jason Tuffs, chairman of the board and CEO for MNP, said the BDO acquisition brings MNP up to nearly 150 offices in Canada.
“Our specialized services, expertise and experience will be enhanced by the BDO partners and team members who are joining us. We are thrilled to welcome these professionals to our firm.”
According to the MNP release, the financial details of the transaction won't be disclosed.
