MNP is adding four significant letters to the firm: MSCM. Effective June 1, Canada’s seventh largest accounting firm will acquire MSCM, a Toronto-based accounting, tax and advisory firm, which was ranked 26th in The Bottom Line’s Canada’s Accounting Top 30 with $14.7 million revenue in 2012.
The move will bring the number of offices MNP has in the Greater Toronto Area to four and its employee count to 375. "We’ve effectively doubled MNP’s presence in the GTA," said Jeremy Cole, the firm’s regional managing partner for the GTA.
That growth will enable MNP to enhance the services it can offer to clients in Canada’s largest city. At present, MNP has upwards of 50 publicly listed companies in the Toronto area that it conducts audits for, while MSCM has 80.