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

accountancy Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...

and business advisory firms in

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

. 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 province of British Columbia. The island is in length, in width at its widest point, and in total area, while are of land. The island is the largest ...

to St. John's. MNP's 127 offices span across all 10 provinces, but it does not have locations in the territories of

Yukon Yukon () is a Provinces and territories of Canada, territory of Canada, bordering British Columbia to the south, the Northwest Territories to the east, the Beaufort Sea to the north, and the U.S. state of Alaska to the west. It is Canada’s we ...

Northwest Territories The Northwest Territories is a federal Provinces and territories of Canada, territory of Canada. At a land area of approximately and a 2021 census population of 41,070, it is the second-largest and the most populous of Provinces and territorie ...

, and

Nunavut Nunavut 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'' and the Nunavut Land Claims Agr ...

. With 8,000+ employees, MNP is the third largest professional service firms in Canada by headcount.

History

Early history

The roots of MNP LLP date back to 1945, when

Winnipeg Winnipeg () is the capital and largest city of the Provinces and territories of Canada, Canadian province of Manitoba. It is centred on the confluence of the Red River of the North, Red and Assiniboine River, Assiniboine rivers. , Winnipeg h ...

-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, also known as PwC, is a Multinational corporation, multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Fo ...

). 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

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 is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...

regional Canadian offices. Further expands presence in Gaspé,

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

Sudbury Sudbury may refer to: Places Australia * Sudbury Reef, Queensland Canada * Greater Sudbury, Ontario ** Sudbury (federal electoral district) ** Sudbury (provincial electoral district) ** Sudbury Airport ** Sudbury Basin, a meteorite impact cra ...

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

Quebec City Quebec City 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 Census Metropolitan Area (including surrounding communities) had a populati ...

, North Shore Montreal,

Oshawa Oshawa 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 Greater Toronto Area and of the Golden Horseshoe. It ...

Wallaceburg Wallaceburg ( 2021 population 10,323) 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 lum ...

, and

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

. 2023: Further expansion in Quebec (

Berthierville Berthierville (; ) (also called Berthier-en-haut, and legally called Berthier before 1942) is a town located between Montreal and Trois-Rivières on the north shore of the Saint Lawrence River in Quebec, Canada. Berthierville is the seat of D'Aut ...

and

Shawinigan Shawinigan (; ) is a city located on the Saint-Maurice River in the Mauricie area in Quebec, Canada. It had a population of 49,620 as of the 2021 Canadian census. Shawinigan is also a territory equivalent to a regional county municipality (TE) ...

Alberta Alberta is a Provinces and territories of Canada, province in Canada. It is a part of Western Canada and is one of the three Canadian Prairies, prairie provinces. Alberta is bordered by British Columbia to its west, Saskatchewan to its east, t ...

(

Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...

and

Edmonton Edmonton is the capital city of the Provinces and territories of Canada, Canadian province of Alberta. It is situated on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Central Alberta ...

), British Columbia (2 acquisitions in Vancouver,

Surrey Surrey () is a Ceremonial counties of England, ceremonial county in South East England. It is bordered by Greater London to the northeast, Kent to the east, East Sussex, East and West Sussex to the south, and Hampshire and Berkshire to the wes ...

and Prince George),

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

(

Sarnia Sarnia is a city in Lambton County, Ontario, Canada. It had a Canada 2021 Census, 2021 population of 72,047, and is the largest city on Lake Huron. Sarnia is located on the eastern bank of the junction between the Upper and Lower Great Lakes, ...

), and

Newfoundland and Labrador Newfoundland and Labrador is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region of Labrador, having a total size of . As of 2025 the populatio ...

( St. John's office from

Canada). 2024: Various acquisitions in Quebec, and first acquisition in

Prince Edward Island Prince Edward Island is an island Provinces and territories of Canada, province of Canada. While it is the smallest province by land area and population, it is the most densely populated. The island has several nicknames: "Garden of the Gulf", ...

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 deb ...

), 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" – especia ...

; Bankruptcy) and Other Services (

Mediation Mediation is a structured, voluntary process for resolving disputes, facilitated by a neutral third party known as the mediator. It is a structured, interactive process where an independent third party, the mediator, assists disputing parties ...

; 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 Corporate Finance Inc.

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

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

and

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

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 (sell-side M&A),

acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

(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. Due diligence ...

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 city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...

. 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

In the spring of 2022, MNP obtained the naming rights to the MNP Community & Sport Centre in Calgary.

BC carbon tax grant investigation

On 8 April 2024, British Columbia Minister of Energy, Mines and Low Carbon Innovation, Josie Osborne, ordered an investigation into MNP's administration of two grant programs funded through the British Columbia Carbon Tax. This followed allegations that MNP had offered grant-writing services for programs it administered, in return for a 20% success fee. On 8 August 2024, the

Auditor General of British Columbia The Auditor General of British Columbia is an independent Officer of the Legislative Assembly of British Columbia, Legislature of British Columbia, responsible for conducting audits of the government reporting entity (GRE) which consists of min ...

released the investigation results and found no evidence of conflict of interest.

References

External links

* {{Consulting Accounting firms Financial services companies of Canada Organizations based in Calgary 1958 establishments in Manitoba