Ernst & Young to grow Edmonton practice with Veres Picton merger



    Transaction to expand the firm's footprint in Alberta

    EDMONTON, Sept. 10 /CNW/ - Ernst & Young has signed a letter of intent
with Edmonton professional services firm Veres Picton, which would
significantly grow Ernst & Young's Edmonton office.
    "This transaction will effectively increase our mutual presence, allowing
us to serve the Edmonton market from a position of enhanced strength," said
Kent Kaufield, Ernst & Young Office Managing Partner in Edmonton. "There's no
doubt that with this move, our clients and prospective clients will be well
served."
    Veres Picton Managing Partner Bruce Picton agrees: "Our firms share a
commitment to building strong relationships, understanding clients' needs and
delivering high-quality work. We're excited for the many benefits combining
practices will bring to our clients and the career opportunities it will
afford our teams."
    Veres Picton is a highly respected firm in the Edmonton business
community that has cultivated deep relationships and developed an extensive
knowledge of the local market. The firm has a strong client roster of private
businesses, which will continue to be an important focus.
    "This is a smart and strategic decision that will positively affect our
clients and our people in both the short and long term," said Kaufield. "We're
tremendously proud of the strong local leadership we've established and plan
to continue to expand our footprint to build a thriving future in Edmonton."
    The transaction is expected to close September 30, and the combined
office would operate from a single location, making Ernst & Young one of the
largest professional services firms in the Edmonton market.

    About Ernst & Young

    Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 135,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities achieve their
potential. For more information, please visit ey.com/ca.

    About Veres Picton

    Veres Picton & Co. is an Edmonton-based partnership of chartered
accountants dedicated to providing quality service in a cost-effective manner
to a wide client base in Alberta. We have a solid history of providing
accounting, auditing and advisory services to a diverse array of clientele.
Our personal approach ensures that owners'/managers' personal circumstances
are effectively integrated with their corporate interests.





For further information:

For further information: Brooke McLachlan, brooke.mclachlan@ca.ey.com,
(604) 899-3597


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