Gatineau-based accounting and tax-advisory firm PGPM and its partner organization Macalis will become part of PricewaterhouseCoopers as part of an expansion announced this week.
By Jacob Serebrin
The companies declined to release whether the deal was a merger or acquisition and are keeping the dollar-value of the deal confidential.
Phil Marion, the co-founder and former president of PGPM and Macalis, will become a partner at PwC.
“PwC was attracted to the entrepreneurial success of PGPM and Macalis's founder Phil Marion and the strong businesses he has established in Gatineau,” said Carol Devenny, managing partner of PwC Ottawa.
“Bringing PGPM and Macalis on board is consistent with PwC's strategy to expand our footprint into the Gatineau market and in particular in the private company space.”
The company will be able to offer more services to small and medium-sized businesses through the deal, PwC said.
It will also see PwC establish a physical presence in Gatineau. Previously, the accounting giant’s only office in the region was in Ottawa.
"It is a fantastic opportunity for us and our clients to be able to benefit from the PwC backbone. Its worldwide expertise and resources will help us grow the Gatineau market. The teams are excited to join and represents a wonderful platform to expand their careers," said Mr. Marion in an e-mail.
Editor's note: A previous version of this story incorrectly stated that Macalis is a subsidiary of PGPM. In fact, the two are related but separate organizations. In addition, Phil Marion is a co-founder of PGPM and Macalis. A previous version referred to him only as a founder.