MNP, a national accounting, tax and business consulting firm, is taking over operations at 21 offices currently owned by BDO Canada, a firm that offers similar services.
The locations affected by the acquisition include Thunder Bay, Dryden, Fort Frances, and Kenora.
The two companies made the announcement jointly on Monday, saying the transaction includes select locations in Ontario, BC, Alberta and PEI where both firms have offices.
BDO's personal debt solutions (PDS) services and offices in these communities are not part of the transaction.
All impacted clients and employees have been notified.
"MNP is a homegrown Canadian firm that was established in 1958...Our business model has always been designed to support clients in the communities where we live and work, regardless of their size," said MNP CEO Jason Tuffs, in a Dec. 23 news release.
BDO CEO Bruno Suppa said the transaction was carefully considered and is an important step into the future.
"We are proud of BDO's strong history in these communities, and saying goodbye to trusted colleagues is never easy. In working with the team at MNP we have developed a supportive transition plan for our team and clients."
Financial details of the deal, which takes effect Dec. 31, 2024, were not disclosed.
