Meyers Norris Penny, one of Canada’s largest chartered accounting and business advisory firms, will merge in Herpers Chagani Gowling, an Ontario-based insolvency firm, effective August 1.

Financial terms were not disclosed.

HCG, or 310 DEBT as it is also known, provides services in debt reorganization, reduction and elimination, credit counseling and direct creditor negotiations.

The firm has four regional offices in the province of Ontari: Hamilton, Kitchener, Mississauga, and London, as well as 20 satellite offices.

The merger will add 35 members to the MNP team, including four trustees in bankruptcy: Alex Herpers, Mahmood Chagani, David Gowling and Melanie Fuller.

“Not only will we be strengthening our insolvency practice by gaining additional expertise and resources in 15 existing MNP locations, we are adding nine new locations to help us meet the financial needs of the community and marketplace,” said MNP CEO Daryl Ritchie.

This is the second merger for MNP in as many weeks. Last week it announced a pending merger with Toronto-based Retford Lane Bates, effective June 1.

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