MNP LLP

MNP LLP
Sacks LLP

August 08, 2012 14:30 ET

Toronto Real Estate Boutique to Merge with National Firm

Sacks and MNP to Offer Greater Depth of Services to Clients and Marketplace

CALGARY, ALBERTA--(Marketwire - Aug. 8, 2012) - Sacks LLP, a Chartered accounting and consulting firm specializing in serving the real estate industry will merge with MNP LLP, one of Canada's largest chartered accounting and consulting firms, effective September 1, 2012. Both firms were looking for an opportunity to enhance services for their real estate industry clients across the country and in the GTA.

"We were looking to grow our real estate and construction practice and couldn't have found a better fit than Sacks LLP," says Daryl Ritchie, CEO, MNP. "In addition to being industry leaders, Sacks is a great fit with our culture and shares the same vision, values and commitment to providing personalized services."

Based in North York, Sacks LLP has served the private real estate industry for more than 20 years. In 1991, partners and brothers, Richard and Barry Sacks began building on their combined 40 years of experience in accounting and advisory services to develop one of the most prominent real estate accounting and consulting firms serving the Greater Toronto Area.

"In today's competitive marketplace, our clients are focused on acquiring real estate and maximizing returns. We let them focus on what they do best while we do what we do best-ensuring that they retain as much of their profits, past and present, as possible while managing risk," explains Barry Sacks, Partner, Sacks LLP. "With deep expertise in corporate finance, taxation, accounting and risk management across the country, as well as affiliates around the globe, MNP adds more resources and services to complement our niche."

Ritchie adds that this merger is a perfect example of how two firms can come together to better serve the real estate industry. "The real estate and construction industry has certainly experienced its share of challenges over the past few years, but it has been our focus to help them overcome these challenges and take advantage of emerging opportunities. Together, our firms can offer more resources and experience to help our clients stay competitive and profitable."

The Sacks team of 25 will remain at their current location - Suite 418, 23 Lesmill Road, Toronto.

About Sacks LLP

Sacks LLP is a boutique practice that has served the private real estate industry for more than 20 years. Recognized as leaders in the GTA, Sacks delivers real estate accounting, taxation, and advisory services to a diverse range of clients in the real estate industry. Clients range from small builders to larger builders of thousands of homes; developers of thousands of acres of land; commercial and industrial builders of millions of square feet; condominium builders; owners and managers of millions of square feet of commercial, industrial and residential properties; and of course the contractors supporting the industry.

About MNP LLP

MNP is one of the largest chartered accountancy and consulting firms in Canada, providing client-focused accounting, taxation and consulting advice. National in scope and local in focus, MNP has proudly served individuals and public and private companies for more than 65 years. Through the development of strong relationships, MNP provides personalized strategies and a local perspective to help them succeed. For more information, visit www.mnp.ca.

Contact Information

  • MNP LLP
    Daryl Ritchie, FCA
    CEO
    403.536.2193

    Sacks LLP
    Barry Sacks, CA
    Partner
    416.444.2120