Ernst & Young has signed a letter of intent with Edmonton professional services firm Veres Picton, which would significantly grow Ernst & Young's Edmonton office.
"This transaction will effectively increase our mutual presence, allowing us to serve the Edmonton market from a position of enhanced strength," said Kent Kaufield, Ernst & Young Office Managing Partner in Edmonton. "There's no doubt that with this move, our clients and prospective clients will be well served."
Veres Picton Managing Partner Bruce Picton agrees: "Our firms share a commitment to building strong relationships, understanding clients' needs and delivering high-quality work. We're excited for the many benefits combining practices will bring to our clients and the career opportunities it will afford our teams."
Veres Picton is a highly respected firm in the Edmonton business community that has cultivated deep relationships and developed an extensive knowledge of the local market. The firm has a strong client roster of private businesses, which will continue to be an important focus.
"This is a smart and strategic decision that will positively affect our clients and our people in both the short and long term," said Kaufield. "We're tremendously proud of the strong local leadership we've established and plan to continue to expand our footprint to build a thriving future in Edmonton."
The transaction is expected to close September 30, and the combined office would operate from a single location, making Ernst & Young one of the largest professional services firms in the Edmonton market.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit ey.com/ca.
About Veres Picton
Veres Picton & Co. is an Edmonton-based partnership of chartered accountants dedicated to providing quality service in a cost-effective manner to a wide client base in Alberta. We have a solid history of providing accounting, auditing and advisory services to a diverse array of clientele. Our personal approach ensures that owners'/managers' personal circumstances are effectively integrated with their corporate interests.