CORNWALL – A Cornwall accounting firm, long known for looking over the City of Cornwall’s books, is being swallowed in a merger with the country’s fifth largest accounting firm.
Meyers Norris Penny (MNP) LLP, headquartered in Calgary, Alta., announced Tuesday that it is merging with Craig Keen Despatie Markell (CKDM) LLP.
In a news release, MNP says it was looking to build on its regional presence as it expands across Eastern Canada. It already has offices in Ottawa, Kanata and Brockville.
MNP LLP took over Brockville-based firm, McDonald Thorne and Associates (MTA) in July 2017.
In Cornwall, CKDM was looking to deliver more specialty services to the marketplace, the city company said.
“To maintain our culture, we have been very strategic about who we invite to join our family,” said Jeremy Cole, executive vice president for MNP in Ontario, Quebec and Atlantic Canada.
“Both MNP and CKDM’s cultures and values are well-aligned and we share the same entrepreneurial approach to doing business. It’s truly a win-win for both our firms and the Cornwall and area marketplace. We are thrilled to have found the perfect firm to join forces with – one that puts clients first,” he said.
The merger is not expected to affect the six partners and 13 staff at CKDM, but the firm’s name on the Weave Shed at 709 Cotton Mill Street will change to MNP in June.
CKDM was established in 1954. MNP moved into Ontario in 2008 and currently has 23 locations in the province.