MNP has announced its merger with Toronto-based insurance advisory firm Sterling Park Financial Group Inc., effective March 3.
The financial terms of the acquisition were not disclosed.
Sterling Park Financial Group is led by co-founding partners Zak Goldman and Jonah Mayles, who, along with their team of insurance, estate and tax professionals, bring nearly 40 years of combined experience. Both Goldman and Mayles will join MNP as partners.
The firm specializes in insurance and tax planning strategies for businesses and families, including liquidity solutions for estate plans, pre-funding estate taxes, intergenerational wealth transfer planning, and strategic philanthropy.
Tanya Knight, executive vice president, clients and services at MNP, stated that the merger aligns with MNP’s focus on supporting clients with wealth preservation and estate planning.
“We’ve been looking for a team with this particular area of expertise for some time now, as it is highly complementary to the services that we offer our clients around wealth preservation and estate planning,” said Knight.
Goldman noted that the merger provides significant benefits for their clients, having previously worked with MNP on shared client engagements.
“We’ve had the opportunity to work with MNP’s Partners with some mutual clients over the past few years,” said Goldman. “Through those engagements, we recognized that our Insurance Advisory Services would complement MNP’s current client base and so explored the opportunity to merge with their team.”
MNP, a major accounting firm in Canada, provides client-focused accounting, consulting, tax and digital services. In 2020, the company suffered a cyberattack that forced it to shut down its computer systems.
