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.
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