Meyers Norris Penny (MNP) has entered Canada’s largest market
through a merger with Toronto firm Horwath Orenstein.MNP’s chief
executive Daryl Ritchie said moving into Toronto marked the
beginning of a new strategy to become a truly national firm.

“MNP’s strategic plans for growth and entrepreneurial spirit
have always been key factors in our success and this merger marks
the beginning of many more nation-wide expansions for MNP,” Ritchie
said. “Horwath Orenstein has a well established market presence in
the region and shares our vision, our values and our commitment to
providing quality service to mid-market clients.”

Horwath Orenstein, one of Toronto’s largest mid-market
accounting firms, will begin operating under the MNP name from 1
July 2008.

MNP is a member of Baker Tilly International and is one of the
largest full service firms in Western Canada with offices in
Vancouver, Calgary, Edmonton, Regina, Saskatoon and Winnipeg. Last
year, the 2,000-strong firm reported revenues exceeding C$210
million ($206 million), achieving more than 20 per cent growth.

Baker Tilly International was the largest association of
independent firms with a fee income of C$219 million and a growth
rate of 37 percent, according to the International Accounting
Bulletin
’s latest survey of the Canadian accounting
profession.

Horwath Orenstein chief executive Paul Dunnett said both firms
share a similar approach and so far the transition of clients and
80 employees has run smoothly.

He added: “Joining the MNP team will enable our clients and the
Toronto business community to access a vast range of accounting and
business advisory services, as well as the added depth and
expertise of over 2,000 team members. Given our vision and desire
to grow, this merger with MNP came at an opportune time for our
firm.”