ALBERTA
MNP to merge in Calgary firm
Details: MNP, one of the largest chartered accounting firms in Canada, said that it would merge in Calgary-based Rahal Warren & Chugh, effective September 1. Financial terms were not disclosed.
Founded in 1988, Rahal Warren & Chugh has a heavy client base in residential construction, a niche in which MNP currently has more than 200 clients. With the merger, MNP will add two partners, Peter Warren and Suresh Chugh, as well as six additional team members.
TENNESEE
CBIZ/Mayer Hoffman McCann to acquire Thompson Dunavant
Details: CBIZ has signed a deal to acquire the non-attest business of Thompson Dunavant, expanding the firm's presence to Memphis, while CBIZ's affiliated auditing firm, Mayer Hoffman McCann, will acquire the firm's attest business.
Financial terms of the deal were not disclosed, but Thompson Dunavant posted approximately $15.7 million in revenue during the past 12 months, according to CBIZ. However, CBIZ said that the deal is not expected to contribute significantly to its 2011 earnings, but is anticipated to have an impact next year.
Up to now, CBIZ has not had much of a presence in Tennessee, aside from a small medical billing practice. Memphis was a priority for the firm's growth plans.
The two firms had been in talks for about two years.
WISCONSIN
Schenck merges in Rajek Grimm
Details: Wisconsin accounting firms Schenck SC and Rajek, Grimm & Associates have combined, expanding Schenk's footprint to the central part of the state.
The staff members and owners of Wausau-based Rajek Grimm joined Schenck, giving Schenck a ninth office. The six employees there will continue to work at their current location.
Financial terms of the deal were not disclosed. Appleton-based Schenck had planned to expand to central Wisconsin for some time and the two firms had worked together there in the past.
