MNP Acquires PwC Personal Insolvency Practice in Atlantic Canada

CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - MNP LTD. will acquire PwC Debt Solutions, the Atlantic Canada Personal Insolvency practice of PwC Canada (PricewaterhouseCoopers LLP) effective March 1, 2016. The Personal Insolvency practice of PwC in Atlantic Canada consists of 35 professionals and support staff located throughout 31 offices in Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador.

MNP LTD., the insolvency division of MNP LLP, currently operates from 166 locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. "This acquisition will help our firm achieve its strategic goal of offering more individuals personal insolvency services and tailored debt solutions," said Grant Bazian, CIRP, Trustee and the President of MNP LTD. "We are now able to provide complete coverage of our insolvency services for all of Canada from coast-to-coast."

"MNP is very excited about this acquisition. Not only will we be strengthening our Personal Insolvency practice by gaining additional expertise and resources, we are adding new locations and entering the Atlantic Canada market for the first time," added Bazian.

"The sale of the Atlantic Canada Personal Insolvency practice is part of PwC's long-term strategy, which is to focus on our core business to deliver quality in audit, tax, consulting and deals services to businesses in Atlantic Canada," said Brenda Belliveau, Managing Partner for PwC's Atlantic practice. "We remain strongly committed to Atlantic Canada and delivering Deals-related advice and services that help address our clients' important business issues and opportunities," added Nikki Robar, Deals leader for PwC Atlantic.

Derek Cramm, former PwC partner, joins MNP as a partner and leader of Personal Insolvency in Atlantic Canada, effective March 1. "MNP has a true passion for helping their clients. I am excited to join a firm that shares our commitment so we can continue to serve our community and provide quality services," he said.

"Consumer Insolvency is a practice area where our team excels and we are very excited about extending our expertise to more people and markets," said Bazian. "I am looking forward to working with Derek Cramm and his team to ensure that the transition is smooth for all clients and team members involved."

MNP LTD. has been helping individuals and businesses across Canada resolve their financial problems for more than 50 years. In addition to delivering Consumer Insolvency services in consumer proposals and personal bankruptcy, MNP provides a full range of Corporate Recovery services. This recent merger increases MNP's local consumer Insolvency presence to a total of 200 locations across Canada.

About MNP

MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world. MNP LTD.., a division of MNP LLP, is one of the largest personal insolvency practices in Canada. For more than 50 years, our experienced team of Government-Licensed Trustees and advisors have been working collaboratively with individuals to help them recover from times of financial distress and regain control of their finances. Visit www.MNP.ca and www.MNPDebt.ca

About PwC Canada

At PwC Canada, our purpose is to build trust in society and solve important problems. More than 6,500 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 208,000 people in 157 countries. Find out more and tell us what matters to you by visiting us at www.pwc.com/ca