Accounting firms Collins Barrow and Smith Nixon merge to create mid-market powerhouse

    New firm will be one of Toronto's largest accounting partnerships

    TORONTO, June 26 /CNW/ - Accounting firms Collins Barrow Toronto and
Smith Nixon have merged to create one of Toronto's largest audit practices
with 22 partners and more than 130 professionals and staff serving the
mid-market. This is the first mid-market merger of its size in more than 25
years and bucks the Big Four take-over trend.
    "Collins Barrow and Smith Nixon have outstanding reputations for
attracting talented partners and professionals, and provide clients with
unparalleled service," said Collins Barrow managing partner Harry Blum. "By
merging, we are creating a powerhouse for mid-sized companies that fits their
needs and values."
    Collins Barrow will feature a unique blend of capable professionals with
a depth and breadth of experience to ensure clients meet the most rigorous
audit, tax and transaction needs. The firm will serve and grow several sectors
including private equity, investment funds, manufacturing, professional
services and be auditor to more than 150 public entities in Canada.
    "The merger represents a union of equals in approach, culture and
vision," said John Sinclair, a partner and member of Smith Nixon's management
committee. "The new Collins Barrow Toronto will provide audit, tax and
transaction services designed to give mid-sized companies the hands-on
attention and service they need to grow and thrive. As a growing firm with an
entrepreneurial spirit like ourselves, we understand the challenges these
companies face every day."
    "As a mid-sized business, I find that similarly sized accounting firms
have a better understanding of our needs and provide better service compared
to the Big Four," said Mavrix Fund Management CFO and portfolio manager Ray
Steele, a client of Smith Nixon. "We have greater access to the most senior
partners, more consistent work relationships due to low staff turnover, and
the flexibility to make changes at the last minute. We look forward to working
with the new Collins Barrow with its increased capabilities to help us reach
our full potential."

    About Collins Barrow Canada

    Collins Barrow is Canada's largest association of Chartered Accounting
firms and the eighth largest group of chartered accountants in Canada with
more than 40 offices from coast to coast. Known as Canada's mid-market
alternative for audit, tax and advisory solutions, we have developed a
reputation for quality and value added financial advice due to the depth and
breadth of in-house skills, customized offerings, commitment to excellence in
customer service and our national reach. We serve companies from a cross
section of industries and at all stages of their development from large
publicly traded companies to emerging and owner managed businesses.

For further information:

For further information: Josh Turner, Will Lamont, Trillium Corporate
Communications, (416) 322-3030 ext. 232, ext. 241, Cell: (647) 828-0862, (416)

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