MNP expands services through merger with McNally Valuations.

For immediate release

Wednesday, March 17, 2010 – Edmonton, AB. – Meyers Norris Penny LLP (MNP) announced today it is merging with McNally Valuations Inc (MVI), effective April 1, 2010. Based in Edmonton, MVI is the largest independent valuation firm in Edmonton and the only full-service valuation firm headquartered in western Canada.

 “McNally Valuations is a renowned valuations firm, which provides a high-level of expertise, experience and specialized certifications,” said Daryl Ritchie, MNP’s Chief Executive Officer. “This merger will allow MNP to strengthen our valuations practice and help us expand a new service line for MNP in property, plant and equipment Appraisals. In addition to business valuations and litigation support services, McNally Valuations provides expert services in commercial and industrial property, plant and equipment, real estate, and machinery appraisal”.

MVI, which also operates an office in Medicine Hat, provides the same complete range of valuations, appraisals, litigation support and financial and economic assessment services for businesses in southern Alberta.

“MNP has a strong Canadian presence, a passion for business, and an unwavering commitment to their clients,” said Bob McNally, Partner, MVI. “It was a natural evolution for us to join a firm, who share our vision, values and commitment to providing quality services.”

McNally added that he was happy to join a firm that could enhance their current service offerings while providing an expanded national and global reach to their clients. McNally and his team of eight will move into MNP’s Edmonton city centre office, located at 10104-103 Avenue NW. The MVI Medicine Hat team will also move into MNP’s Medicine Hat location at 666 4th Street SE.

“MNP has enjoyed significant growth and will continue our expansion by adding successful businesses that share a common vision and corporate culture,” said Ritchie. “We are very excited about this merger and being able to offer our clients more resources and services to better meet their needs.”

About MNP
MNP is one of the largest chartered accountancy and business advisory firms in Canada, providing client-focused assurance, taxation and business advice. MNP has proudly served mid-market public and private companies for more than 60 years. Through the development of strong partnerships, MNP provides organizations with personalized strategies and a local perspective to help clients succeed. For more information, visit www.mnp.ca.

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For more information, please contact:
Daryl L. Ritchie, FCA
Chief Executive Officer
Meyers Norris Penny LLP
403.536.2193

Bob McNally, MBA, CA-CBV
Senior Valuation Consultant
Meyers Norris Penny LLP
McNally Valuations Inc.
780.401.7077