A new merger will position MNP as the third-largest accounting and business consulting firm in B.C.
MNP, which has an office in Vernon, will join forces with KNV Chartered Accountants, effective Feb. 1.
“This is MNP’s largest merger to date and has come at a great time,” said Jason Tuffs, MNP’s executive vice-president for B.C.
“Our strategic plan calls for continued growth in B.C. so we were looking to add much-needed resources and talent, while KNV was seeking to grow with a firm that would complement its existing service offerings.
“Both our firms were looking to grow and to combine our expertise and leadership to help our clients achieve their growth targets.”
Established in 1973, KNV has provided accounting, auditing, tax planning and business advisory services to corporate, public sector, not-for-profit and personal clients for more than 40 years. Its head office is located in South Surrey, with offices in Vancouver and Kelowna. The firm consists of 14 partners and almost 200 additional professionals and support staff.
In addition to tax and accounting expertise, both MNP and KNV deliver a range of advisory services, including consulting, enterprise risk, corporate finance, valuation and litigation support, succession planning, estate planning, insolvency and restructuring, investigative and forensic accounting and cross-border taxation.
“As our clients’ needs continued to grow, we recognized we also needed to grow,” said Dave Mitchell, partner, KNV. “With more than 80 offices across the country and over 3,300 team members, they have a large national presence and access to many experts and specialists, as well as access to a global network of accounting firms and affiliations through Praxity – an international alliance of independent accounting firms. Joining MNP was the right time, right place and right fit.”
MNP began operating in B.C. in 2002, and since that time have opened 15 locations across the province.
“We have established a large foot print in B.C. and we will continue to enhance our offerings for all the economic sectors of the province,” said Daryl Ritchie, CEO of MNP. “We are excited to have the people of KNV join us, as a shared vision and culture – and a passion for British Columbia is very evident in our two firms.”
Team members in KNV’s and MNP’s offices in Surrey, Vancouver and Kelowna will remain in their current locations until the firms can move into their new offices, which will bring both teams together in all three locations.
