BDO Dunwoody merges with Goodman Rosen
Hot on the heels of their announcement that the merger discussions with Grant Thornton were called off, BDO Dunwoody’s insolvency practice BDO Dunwoody Ltd. has joined forces in Nova Scotia with Goodman Rosen Inc.
Expanding one of Canada’s most comprehensive financial recovery practices, BDO Dunwoody Limited, Trustee in Bankruptcy and Goodman Rosen Inc., Trustee in Bankruptcy have agreed to merge their professional practices effective July 1, 2007. In Halifax and Sydney, the merged firm will operate as BDO Dunwoody Goodman Rosen Inc.
Goodman Rosen Inc. is a boutique firm specializing in financial recovery services in Halifax and Sydney. The merger heralds a bold move by BDO to grow their full-service practice organically throughout Atlantic Canada.
In an ironic twist, Goodman Rosen currently offer (according to their website) appointments in Yarmouth, Nova Scotia at Grant Thornton’s offices.
What do you think? Is this a better growth option for BDO in Canada versus the attention-grabbing Grant Thornton merger talks announced earlier?