Kanata consulting firm to merge with national accounting giant MNP
A Hundred Answers says deal will allow fast-growing company to expand national presence
Amajor Ottawa player in the management consulting industry has announced it is merging with one of the country’s largest accounting firms in an effort to expand its national presence.
A Hundred Answers, a Kanata firm that provides services ranging from human resources management advice to software and website support, said it is combining its operations with Calgarybased MNP LLP as of Oct. 1.
Under the deal, A Hundred Answer’s owners will acquire a stake in MNP, with CEO Sean Murphy and other top executives becoming partners in the combined firm. All of the Kanata company’s more than 50 employees will be absorbed into MNP and the Hundred Answers name will be gradually phased out over the next few years.
Mr. Murphy said his company felt it had grown as much as it could organically and needed to combine forces with a bigger player in order to expand its reach into other Canadian markets. MNP has 3,500 employees in more than 75 offices from coast to coast.
“We’ve been in Ottawa for the last number of years, and I think we looked at this merger as a way for us to go national in a really big way,” Mr. Murphy said. “MNP is a great partner for us to do that.”
MNP executive vice-president for Ontario and Quebec Jeremy Cole said the merger helps further the company’s long-term strategy of offering a wider range of services to compete with multinational professional services firms such as Accenture and Deloitte.
“It’s just continually adding to our portfolio of services, particularly on the technology side,” he said. “The service line that A Hundred Answers provides gives us another business area that we as a firm can exploit for our clients.”
It’s the second time this year MNP has pulled the trigger on a merger with a professional services firm. In April, it combined with Mississauga-based cybersecurity company NCI.
Founded in 2009, A Hundred Answers has a client base that includes several federal government departments as well as private corporations such as WestJet. With the company doing more and more work outside Ottawa in markets such as Toronto and Calgary, Mr. Murphy said the merger provides a springboard to reach customers across the country.
MNP has provided accounting services to A Hundred Answers for the past few years, Mr. Murphy said, so the two companies were already well acquainted with each other even before merger talks began. In the end, the deal came together “quite quickly” over the summer, he said.
A Hundred Answers’ Sean Murphy.