MNP LLP

MNP (previously known as Meyers Norris Penny) is one of the largest full-service chartered accountancy and business advisory firms in Canada. MNP's head office is in Calgary, Alberta, and has offices from Vancouver Island to Halifax. With over 4,500 staff, MNP is currently ranked as one of the largest professional service firms in Canada.[2]

MNP LLP
Limited Liability Partnership
IndustryProfessional Services
FoundedBrandon, Manitoba, Canada (1958)
FounderRon Meyers, Dave Norris, Don Penny
HeadquartersSuite 2000, 330 5th Ave. S.W.,
Calgary, Alberta, Canada
Area served
Canada
Key people
Jason Tuffs (CEO)[1]
Number of employees
5,571 (2020)
Websitemnp.ca

History

Early history
Sunset reflected on MNP Tower in Vancouver

The roots of MNP LLP date back to 1945, when Winnipeg-based Laird, Sprague & Co opened an office in Brandon, Manitoba. The Brandon office became independent in 1957 when the balance of Laird, Sprague joined Montreal's McDonald Currie & Co. (McDonald, Currie also merged into Coopers & Lybrand in 1957, eventually becoming what is now known as PWC[3]). Ron Meyers acquired full ownership of the Brandon office in 1958, and renamed the firm Meyers Dickens Norris Penny & Co. (MDNP) in 1969.[4]

Recent history (mergers and acquisitions)

In 2010, Meyers Norris Penny took over PwC's personal insolvency practice for all locations west of Atlantic Canada.[5]

In 2011, Meyers Norris Penny merged with WSBG LLP, a Montréal-based accounting and business consulting firm, establishing a presence in Quebec and entered the technology consulting business with the merger of Greenridge Business Systems Corporation, a Winnipeg-based technology firm with offices in Ontario, Manitoba and Alberta.

In 2012, Toronto-based public sector consulting firm PSTG was acquired.[6] followed by a merger with Tyce Carle-Thiesson (TCT), a Nanaimo-based chartered accounting firm.[7]

In 2013, the Wade Group, a Burlington-based professional services firm.[8] was acquired as well as Buset Sarvas Mozzon, a Thunder Bay-based accounting firm.,[9] MSCM, a Toronto-based accounting, tax and advisory firm.,[10] Laing & Rohr, an Oshawa-based accounting and business consulting firm.[11] and Laberge Venne & Partners (LVP), a Sudbury-based accounting firm.[12]

In 2014, MNP merged with McLarty & Co, Ottawa.[13]

In 2015: Draganjac Pressman, Etobicoke.[14] Tiani Adams & Company Inc., Prince George, BC., and KNV Chartered Accountants LLP, Surrey, BC.[15]

In 2016: Bennett McMahon Stillar, Brockville.[16] and Ross Pope LLP, Timmins, Ontario.

In 2017: WBLI LLP, Halifax, JMA Group, Oakville, Ontario.

In 2018: Collins Barrow KMD, London, Ontario, and Craig Keen Despatie Markell LLP, Cornwall, Ontario.

In 2019: Roberts Marlowe Jackson & Jackson (RMJJ), Oshawa, Ontario.

In 2020: Next Digital Inc., Edmonton, Alberta[17]

Structure and subsidiaries

MNP is a Limited Liability Partnership. It conducts business under MNP LLP as well as a number of wholly owned subsidiaries such as MNP Corporate Finance Inc. and MNP Ltd.[18][19]

MNP Ltd.

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.[20]

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), Creditor Services (Business Review; Monitor Appointments; Interim Receiver; Receivership; Bankruptcy) and Other Services (Mediation; Trustee Under Dependant Adult Orders; Corporate Executer of Deceased Estates; Liquidator Under Business Corporation Acts).[21]

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.[22]

MNP has been recognized by Aon Hewitt as one of Canada's 50 Best Employers every year consecutively since 2009[23] and its regional offices have won a number of Consumer Choice Awards[24] in the Trustee in Bankruptcy category:

  • Winnipeg office won three consecutive years between 2012 and 2015.[25]
  • Regina office won in 2016.[26]
  • Saskatoon office won in 2012 and 2013.[27]

MNP and Praxity
Praxity Logo

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, England.[28] Praxity consists of 65 participating firms, with a combined staff of over 35,400 employees and annual combined revenues of US$4.4B.[29]

Name and branding
MNP Office Building at the Bell Tower in Downtown Edmonton

Throughout its history, MNP LLP has operated under a number of names:

  • 1958–1969: Laird, Sprague & Co. 28 [30]
  • 1969–1972: Meyers Dickens Norris Penny & Co.[31]
  • 1972–1997: Meyers Norris Penny & Co.[32]
  • 1997–2011: Meyers Norris Penny (MNP).[33]
  • 2011-: MNP LLP[34]

Services

MNP offers accounting and business consulting services including assurance and accounting, consulting, corporate finance, enterprise risk, insolvency, investigative and forensic services, succession, tax, training and valuation.

Sports sponsorships

MNP currently has multi-year partnership agreements with the Toronto Blue Jays, Winnipeg Jets, Montreal Alouettes and Saskatchewan Roughriders,[35] as well as the naming rights to the MNP Park of Carleton University in Ottawa since 2015.[36]

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See also
  • Accounting networks and associations
  • Professional services networks

References
  3. http://www.pwc.com/ca/en/about-us/our-history/index.jhtml
  4. Okerlund, Lana (2006). Finding Our Way: The Meyers Norris Penny Story. Calgary, Alberta, Canada: Meyers Norris Penny LLP. p. 6. ISBN 0978192605.
  5. MNP Acquires PwC's Personal Insolvency Practice Archived 2010-10-28 at the Wayback Machine
  6. PSTG Merges with MNP
  7. TCT Merges with MNP
  8. "Archived copy". Archived from the original on 2014-12-18. Retrieved 2015-05-11.CS1 maint: archived copy as title (link)
  11. "Archived copy". Archived from the original on 2015-05-11. Retrieved 2015-05-11.CS1 maint: archived copy as title (link)
  14. "Archived copy". Archived from the original on 2015-05-18. Retrieved 2015-05-11.CS1 maint: archived copy as title (link)
  17. Next Digital Merges With National Consulting Firm MNP
  20. http://mnpdebt.ca/en
  21. http://mnpdebt.ca/en/corporate
  22. http://www.cairp.ca/about-cairp/board-of-directors/
  23. http://www.mnp.ca/en/careers-site
  24. http://mnpdebt.ca/en
  25. http://mnpdebt.ca/en/blog/mnp-ltd-awarded-consumer-choice-award-for-third-year
  26. http://mnpdebt.ca/en/blog/mnp-proudly-accepts-the-2016-regina-consumers-choice-award
  27. http://mnpdebt.ca/en/blog/thank-you-saskatoon-for-choosing-mnp
  28. https://www.mnp.ca/en/mnp-praxity
  29. "Archived copy". Archived from the original on 2016-11-05. Retrieved 2014-06-13.CS1 maint: archived copy as title (link)
  30. Okerlund, Lana (2006). Finding Our Way: The Meyers Norris Penny Story. Calgary, Alberta, Canada: Meyers Norris Penny LLP. p. 6. ISBN 0978192605.
  31. Okerlund, Lana (2006). Finding Our Way: The Meyers Norris Penny Story. Calgary, Alberta, Canada: Meyers Norris Penny LLP. p. 14. ISBN 0978192605.
  32. Okerlund, Lana (2006). Finding Our Way: The Meyers Norris Penny Story. Calgary, Alberta, Canada: Meyers Norris Penny LLP. p. 19. ISBN 0978192605.
  33. Okerlund, Lana (2006). Finding Our Way: The Meyers Norris Penny Story. Calgary, Alberta, Canada: Meyers Norris Penny LLP. p. 51. ISBN 0978192605.
  34. MNP Name Change
  35. "MNP outpaces top firms" (PDF). The Bottom Line. Canada. April 2014. Archived from the original (PDF) on 2013-05-16. Retrieved 2020-03-21.
  36. "Carleton's Athletic Field Named MNP Park". newsroom.carleton.ca. August 26, 2015. Archived from the original on August 16, 2017. Retrieved August 16, 2017.CS1 maint: BOT: original-url status unknown (link)
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