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Two Sydney accounting firms to merge with 'like-minded' national entity

Meet Sheila Gillis - the ‘G’ in MGM & Associates. A founding partner of the Sydney-based accounting firm, Gillis is one of six inductees who will enter the Cape Breton Business and Philanthropy hall of fame at a gala event to be held on May 22 at the Membertou Trade and Convention Centre.
MGM & Associates partner Sheila Gillis is shown in the firm’s downtown Sydney offices in this file photo. MGM, along with fellow local firm Jennings March have agreed to a merger with MNP, a Calgary-based national accounting company. The merger will take place on Feb. 1, 2020. - David Jala

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SYDNEY, N.S. — Two Sydney-based accounting firms have opted to join forces with one of Canada’s largest national business consulting companies.

Effective Feb. 1, 2020, MGM & Associates Chartered Profession and Jennings March Chartered Professional Accountants will merge with MNP, a Calgary-based firm with offices in more than 80 locations that entered the Nova Scotia market almost three years ago through a merger with Halifax-based WBLI.

MGM co-founder Sonny MacDougall said changing and dynamic market conditions led the firm to the conclusion that it must find new ways to help clients meet their goals.

“MNP complements and enhances our current service offerings and brings greater bench strength to help us service organizations in and around Sydney and the Cape Breton Regional Municipality,” said MacDougall, who works with fellow MGM partners Sheila Gillis and Darren Chiasson.

“By joining MNP we will add more resources, more specialized services and a range of new experiences, all of which will help provide our clients with even greater value in the future.”

Gary Jennings, of Jennings March, said he made the decision to join the merger because of the national firm’s business culture.

“Although MNP is a large national firm, it’s always been known for being local in focus with a small-firm culture and commitment to supporting the local communities that its teams live and work in,” said Jennings.

“To join a firm with the depth of resources that MNP offers, while maintaining our local focus, is truly a unique and exceptional opportunity.”

For now, both the MGM and the Jennings March teams will remain at their present Dorchester Street locations in Sydney but will work closely with MNP’s existing teams in Dartmouth and Truro.

RELATED: Sydney accountant among six inductees to local business hall of fame

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