MNP (previously known as Meyers Norris Penny) is one of the largest full-service chartered professional

accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...

and business advisory firms in

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. MNP's head office is in Calgary, Alberta, and has offices from

Vancouver Island Vancouver Island is an island in the northeastern Pacific Ocean and part of the Canadian Provinces and territories of Canada, province of British Columbia. The island is in length, in width at its widest point, and in total area, while are o ...

to St. John's. MNP's 117 offices span across 9 out of 13 of the

provinces and territories of Canada Within the geographical areas of Canada, the ten provinces and three territories are sub-national administrative divisions under the jurisdiction of the Canadian Constitution. In the 1867 Canadian Confederation, three provinces of British North ...

, as it does not have locations in

Prince Edward Island Prince Edward Island (PEI; ) is one of the thirteen Provinces and territories of Canada, provinces and territories of Canada. It is the smallest province in terms of land area and population, but the most densely populated. The island has seve ...

Yukon Yukon (; ; formerly called Yukon Territory and also referred to as the Yukon) is the smallest and westernmost of Canada's three territories. It also is the second-least populated province or territory in Canada, with a population of 43,964 as ...

Northwest Territories The Northwest Territories (abbreviated ''NT'' or ''NWT''; french: Territoires du Nord-Ouest, formerly ''North-Western Territory'' and ''North-West Territories'' and namely shortened as ''Northwest Territory'') is a federal territory of Canada. ...

, and

Nunavut Nunavut ( , ; iu, ᓄᓇᕗᑦ , ; ) is the largest and northernmost Provinces and territories of Canada#Territories, territory of Canada. It was separated officially from the Northwest Territories on April 1, 1999, via the ''Nunavut Act'' ...

. With almost 8,000 employees, MNP is one of the largest professional service firms in Canada.

History

Early history

The roots of MNP LLP date back to 1945, when

Winnipeg Winnipeg () is the capital and largest city of the province of Manitoba in Canada. It is centred on the confluence of the Red and Assiniboine rivers, near the longitudinal centre of North America. , Winnipeg had a city population of 749,6 ...

-based Laird, Sprague & Co opened an office in

Brandon, Manitoba Brandon () is the second-largest city in the province of Manitoba, Canada. It is located in the southwestern corner of the province on the banks of the Assiniboine River, approximately west of the provincial capital, Winnipeg, and east of the ...

. The Brandon office became independent in 1957 when the balance of Laird, Sprague joined Montreal's McDonald Currie & Co. (later merging with what is now known as

PwC PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

). Ron Meyers acquired full ownership of the Brandon office in 1958, and renamed the firm Meyers Dickens Norris Penny & Co. (MDNP) in 1969.

Mergers and acquisitions

Recent acquisitions includes: 2014: McLarty & Co, Ottawa. 2015: Draganjac Pressman, Etobicoke. 2016: Bennett McMahon Stillar, Brockville. 2017: WBLI LLP, Halifax and JMA Group, Oakville. 2018: Craig Keen Despatie Markell LLP, Cornwall, Ontario. 2020: Next Digital Inc., Edmonton, Alberta 2021: 26

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...

regional Canadian offices. Further expands presence in Gaspé,

Woodstock Woodstock Music and Art Fair, commonly referred to as Woodstock, was a music festival held during August 15–18, 1969, on Max Yasgur's dairy farm in Bethel, New York, United States, southwest of the town of Woodstock, New York, Woodstock. ...

Sudbury Sudbury may refer to: Places Australia * Sudbury Reef, Queensland Canada * Greater Sudbury, Ontario (official name; the city continues to be known simply as Sudbury for most purposes) ** Sudbury (electoral district), one of the city's federal e ...

, and St. John's. 2022: Acquired Quebec-based consulting firm Groupe Trigone, and further expands presence in

Laval Laval means ''The Valley'' in old French and is the name of: People * House of Laval, a French noble family originating from the town of Laval, Mayenne * Laval (surname) Places Belgium * Laval, a village in the municipality of Sainte-Ode, Luxem ...

Quebec City Quebec City ( or ; french: Ville de Québec), officially Québec (), is the capital city of the Provinces and territories of Canada, Canadian province of Quebec. As of July 2021, the city had a population of 549,459, and the Communauté métrop ...

, North Shore Montreal,

Oshawa Oshawa ( , also ; 2021 population 175,383; CMA 415,311) is a city in Ontario, Canada, on the Lake Ontario shoreline. It lies in Southern Ontario, approximately east of Downtown Toronto. It is commonly viewed as the eastern anchor of the G ...

Wallaceburg Wallaceburg ( 2016 population 10,098) is an unincorporated community in the municipality of Chatham-Kent in Southern (Southwestern) Ontario, Canada. Originally a small settlement, it was recognized for its significant contribution to the lumbe ...

, and

Kelowna Kelowna ( ) is a city on Okanagan Lake in the Okanagan Valley in the southern interior of British Columbia, Canada. It serves as the head office of the Regional District of Central Okanagan. The name Kelowna derives from the Okanagan word ''ki� ...

Structure and subsidiaries

MNP Ltd.

MNP Ltd. is one of Canada’s largest consumer insolvency firms, established in 1996. As of 2016, the firm had over 65 Licensed Insolvency Trustees and more than 200 resident and satellite offices located in key urban and rural centres across Canada. In 1996, after merging with Brandon, Manitoba-based BDO and Edmonton-based Miller, McClelland Limited, Meyers Norris Penny & Co. decided to create a subsidiary to incorporate their insolvency practice. On June 6, 2011, that subsidiary officially became MNP Ltd. As a subsidiary of MNP LLP, MNP Ltd. offers consumer insolvency services including consumer proposals, personal bankruptcy and credit counselling as well as a range of bankruptcy alternatives like debt consolidation, orderly payment of debts, informal debt settlement, payday loans and credit extensions. Bell-tower-edm

Its corporate recovery and restructuring services are broadly divided into three categories: Debtor Services (Business Review; Corporate Restructuring – Informal Turnaround; Corporate Restructuring – Formal Proposal to Creditors;

Bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

), Creditor Services (Business Review; Monitor Appointments; Interim Receiver;

Receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in ca ...

; Bankruptcy) and Other Services (

Mediation Mediation is a structured, interactive process where an impartial third party neutral assists disputing parties in resolving conflict through the use of specialized communication and negotiation techniques. All participants in mediation are ...

; Trustee Under Dependant Adult Orders; Corporate Executer of Deceased Estates; Liquidator Under Business Corporation Acts). MNP Ltd.’s Licensed Insolvency Trustees are licensed with the Office of the Superintendent of Bankruptcy Canada, a division of the Canadian Ministry of Innovation, Science and Economic Development and participate in various committees, marking centres and education components with the Canadian Association of Insolvency and Restructuring Professionals ( CAIRP). Trustees have also sat on exam panels and had active roles as presidents and chairs of various provincial bodies and the national body of CAIRP. MNP has been recognized by

Aon Hewitt Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsour ...

as one of Canada's 50 Best Employers every year consecutively since 2009 and its regional offices have won a number of Consumer Choice Awards in the Trustee in Bankruptcy category: *Winnipeg office won three consecutive years between 2012 and 2015. *Regina office won in 2016. *Saskatoon office won in 2012 and 2013. Praxity Logo 2018

MNP Corporate Finance Inc.

MNP Corporate Finance Inc. is a subsidiary of MNP LLP which offers

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

and

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...

services to Canadian businesses in the mid-market sector, with typical transaction value range between $3 million and $300 million. Services offered by MNPCF include:

divestitures In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is ...

(sell-side M&A),

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

(buy-side M&A), financing (capital raising), transaction advisory services, and

due diligence Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care. It can be a l ...

MNP and Praxity

In 2010 MNP joined Praxity, a global alliance of independent professional services firms. Praxity is a not-for-profit entity under Belgian law with its headquarters in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

. Praxity consists of 65 participating firms, with a combined staff of over 56,280+ employees and 4,240+ partners and annual combined revenues of US$6.96 billion. Praxity firms have the capability, resource and scale to support clients ranging from small ambitious businesses to established global, listed organizations.

Sports sponsorships

MNP currently has multi-year partnership agreements with the

Toronto Blue Jays The Toronto Blue Jays are a Canadian professional baseball team based in Toronto. The Blue Jays compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. Since 1989, the team has played its home games ...

Winnipeg Jets The Winnipeg Jets are a professional ice hockey team based in Winnipeg. The team competes in the National Hockey League (NHL) as a member of the Central Division in the Western Conference, and is owned by True North Sports & Entertainment, pl ...

Montreal Alouettes The Montreal Alouettes (Canadian French, French: Les Alouettes de Montréal) are a professional Canadian football team based in Montreal, Quebec. Founded in 1946, the team has folded and been revived twice. The Alouettes compete in the Canadian F ...

and

Saskatchewan Roughriders The Saskatchewan Roughriders are a professional Canadian football team based in Regina, Saskatchewan. The Roughriders compete in the Canadian Football League (CFL) as a member club of the league's West Division. The Roughriders were founded in 1 ...

, as well as the naming rights to the

MNP Park TAAG Park is a FieldTurf stadium located at Carleton University in Ottawa, Ontario, Canada, on the north-eastern edge of the university campus, where Bronson Avenue meets University Road. The stadium was renamed TAAG Park in August 2022. Known as ...

Carleton University Carleton University is an English-language public research university in Ottawa, Ontario, Canada. Founded in 1942 as Carleton College, the institution originally operated as a private, non-denominational evening college to serve returning World ...

in Ottawa since 2015. In the Spring of 2022, MNP obtained the naming rights to the

MNP Community & Sport Centre MNP Community & Sport Centre, formerly known as the Repsol Sport Centre, Talisman Centre and Lindsay Park Sports Centre, is a multi-sports complex in Calgary, Alberta, Canada. The name of the facility was changed in March 2002, after the City of C ...

in Calgary.

References

External links

MNP LLPCanada's Best Employers
{{Consulting Accounting firms of Canada Organizations based in Calgary 1958 establishments in Manitoba