Canada's Seventh Largest Accounting Firm Expands East

    Meyers Norris Penny merges with Toronto firm

    CALGARY, June 4 /CNW/ - Meyers Norris Penny LLP (MNP), a chartered
accountancy and business advisory firm serving Canada's mid-market
enterprises, has entered Canada's largest economy through a merger with
Horwath Orenstein LLP. Horwath Orenstein, one of Toronto's largest mid-market
accounting firms, will begin operating under the MNP name effective
July 1, 2008.
    "MNP's strategic plans for growth and entrepreneurial spirit have always
been key factors in our success, and this merger marks the beginning of many
more nation-wide expansions for MNP," said Daryl Ritchie, MNP's Chief
Executive Officer. Ritchie adds that to be a national firm, MNP had to have a
presence in Toronto. "Horwath Orenstein has a well established market presence
in the region, and shares our vision, our values and our commitment to
providing quality service to mid-market clients."
    MNP is the largest full service firm in western Canada with offices in
Vancouver, Calgary, Edmonton, Regina, Saskatoon and Winnipeg. MNP is also a
member of one of the world's largest international networks and last fiscal,
had revenues exceeding $210 million, achieving more than 20 per cent growth
year over year.
    "Joining the MNP team will enable our clients and the Toronto business
community to access a vast range of accounting specialty and business advisory
services, as well as the added depth and expertise of over 2,000 team
members," said Horwath Orenstein Chief Executive Officer, Paul Dunnett. "Given
our vision and desire to grow this merger with MNP came at an opportune time
for our firm. We share a similar approach to doing business, which will allow
for a seamless transition through the merger for our clients and
80 employees."
    With this merger, businesses in Canada's leading economic sectors will
have more access to needed skills in the areas of Corporate Finance,
Management Consulting, Enterprise Risk, Business Valuations and Litigation
Support, Human Resource Consulting, Forensic Accounting, Business Succession,
Taxation and Audit. MNP also serves Public Companies and is CPAB and PCAOB

    About MNP

    Founded in 1945, MNP provides clear, straightforward business advice
combined with a local perspective on a full range of assurance, taxation, and
business advisory issues to mid-market businesses. For more information, visit

    About Horwath Orenstein

    Horwath Orenstein is a full service public accounting firm providing
specialized expertise to business owners, and executives operating private,
public, government and non profit enterprises across a range of industry

For further information:

For further information: Daryl L. Ritchie, FCA, Chief Executive Officer,
Meyers Norris Penny LLP, (403) 536-2193; Paul Dunnett, CA, Chief Executive
Officer, Horwath Orenstein LLP, (416) 513-4176

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