MNP to buy part of Deloitte’s Canada business, gaining 900 workers

Canadian accounting and consulting firm MNP LLP says it will buy part of Deloitte’s Canadian business in a new deal between two of the country’s largest professional services firms.

Calgary-based MNP says it will gain about 900 Deloitte employees, 70 partners and senior leaders and 25 offices in the deal.

MNP says the deal is part of a plan to add 20 offices in Quebec. In British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, there will be a combination of staff transfers from existing Deloitte offices as well as a select number of full office acquisitions.

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In addition to expanding MNP’s presence in Montreal and Laval, the firm says it will add locations in Windsor, Ont. and Hawkesbury, Ont., giving it a footprint of 126 offices across the country.

READ MORE: Insolvency, bankruptcy rates up in Saskatchewan: MNP report 

Deloitte Canada Chief Executive Anthony Viel says the deal is a good fit for a subset of Deloitte’s clients who require special services offered by MNP.

The companies did not disclose the financial details of their arrangement, which is set to go forward on Mar. 1 but must still be approved by regulators.