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KPMG has acquired a Kanata accounting practice that caters to small and medium-sized businesses, the latest M&A transaction in Ottawa’s professional services industry as firms jockey for position in a competitive marketplace.
The accounting giant said this week it’s finalized an agreement to buy Vanguard Professional Corp., a six-person firm that provides tax planning and preparation, accounting and other advisory services. Financial terms of the transaction were not disclosed.
Vanguard founder Chris Finlay, who now becomes a partner in KPMG’s Ottawa office, had a brief stint with the multinational firm’s local operation earlier in his career.