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October 25, 2010

Grant Thornton Canada acquires recovery firm

Grant Thornton Canada has acquired corporate recovery and personal bankruptcy firm Alger & Associates, effective in January. The Alberta-based firm has 50 staff and five partners.

Grant Thornton Canada chief executive Phil Noble said the combination strengthens the depth and breadth of the firm’s advisory services.

Jim Copeland, Grant Thornton’s national advisory services managing partner, added: 

“When we add these resources together with the recent addition of several senior practitioners in both Ontario and Atlantic Canada — and Grant Thornton Canada’s presence in Quebec by way of Raymond Chabot Grant Thornton — it means that we can now draw upon the expertise of close to 300 dedicated R&R professionals from coast-to-coast, making us a dominant player in the Canadian market.”

This year, Grant Thornton Canada has made several strategic acquisitions. Recently, the firm acquired small Edmonton practice Watson Aberan and merged its Toronto office with PKF Hill.

Grant Thornton is the fifth largest accounting firm in Canada and generated annual revenue of C$450m ($435m) in the year to 30 December 2009, according to the International Accounting Bulletin data.

Related articles

PKF Hill merges with Grant Thornton Canada

Grant Thornton Canada acquires Edmonton firm

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