National Accounting Firm, MNP, Bolsters Presence in British Columbia

November 3, 2020, CALGARY, AB – MNP, one of Canada's largest national accounting and business consulting firms, is pleased to announce that it will merge with the Port Moody, British Columbia, based professional services firm The Newport Group CPA, effective January 1, 2021. George Gillis at The Newport Group CPA says the team is delighted to be joining a like-minded firm in MNP that complements their current service offerings and has the same commitment to delivering personalized solutions to clients. MNP is excited to build on its fast-growing presence and commitment to the business community in Port Moody and the Lower Mainland.

Unprecedented and dynamic market conditions are impacting the way all businesses must operate. Gillis says the merger strengthens his team's ability to help their clients achieve their goals:

"MNP complements and enhances our current service offerings and brings greater bench strength that will help us service clients across the Lower Mainland," says Gillis. "We believe that joining MNP is a perfect example of how two firms can come together to give our clients the edge they need to stay competitive and overcome current business and industry challenges in what is an historically unusual time for all organizations. By joining MNP we will add more resources and specialized services, which will help to provide our clients with even greater value in the future."

Founded in 1958, MNP has grown to more than 80 locations across Canada and delivers a wide range of services and specialized expertise in every sector and area of business. In addition to tax and accounting expertise, MNP delivers a diverse range of advisory services, including succession planning, estate planning, enterprise risk, corporate finance, valuation and litigation support, insolvency and restructuring, technology solutions, cross-border taxation, and much more.

Not only is MNP the largest of the mid-market focused firms in Canada, it has continued to maintain its Canadian roots, helping Canadian businesses at home and abroad. In British Columbia alone, the firm has twenty-three offices, in addition to a large insolvency business right across the region.

"We are growing fast but we're absolutely committed to maintaining our culture and so have always been very strategic about who we invite to join our team," adds Darren Turchansky, MNP's Executive Vice President for British Columbia. "We are known across the communities we work with as being one of Canada's most-trusted accounting, tax and business consulting firms, so we are excited to welcome a very well-respected practice in and The Newport Group CPA into the MNP family. Our cultures and values are well-aligned, and we share the same entrepreneurial, trusted approach to doing business."

Gillis says that one of the deciding factors in The Newport Group CPA deciding to join MNP was the culture: "Although MNP is a large national firm, it's always been known for being local in focus with a small-firm culture and commitment to supporting the local communities that its teams live and work in. This is something that is very important to us, and to our people, and so the 'fit' had to be right. We just felt that the chance to join a firm with the depth of resources that MNP offers, while maintaining our local focus, was a truly unique and exceptional opportunity."

The Newport Group CPA team will be moving from their current location into MNP's Port Moody office and will work closely with MNP's existing teams across the Lower Mainland to enjoy access to greater resources and services to help businesses across the Lower Mainland's Tri-Cities area and beyond.

"This merger is truly a win-win for all of our firms and the Tri-Cities marketplace," says Ryan Hoag, Regional Managing Partner, Lower Mainland. "With skills and experiences across the Lower Mainland we will be able to provide our clients with unparalleled access to teams who can help their organizations to succeed. We are thrilled to have found The Newport Group CPA - a firm that shares our values and is focused on putting clients first."

"We are excited to build on the strong presence MNP has built in recent years servicing clients across British Columbia and the Lower Mainland," adds Gillis. "We are looking forward to working together with MNP's other fantastic teams in our region to help more businesses reach their full potential."

About MNP LLP

MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world. For more information, visit www.mnp.ca.

For more information, please contact:

Joanne Boyer, Senior Director of Marketing, Western Canada, at 604.637.1591 or [email protected].

George Gillis, CPA, CA, The Newport Group CPA, at 604.469.1996 or [email protected].