2007
BDO Dunwoody and Goodman Rosen announced a merger on May 28. Expanding one of Canada's most comprehensive financial recovery practices, BDO Dunwoody Limited, which is part of BDO Dunwoody LLP, is a Trustee in Bankruptcy. They have agreed with Goodman Rosen Inc., Trustee in Bankruptcy, to merge their professional practices effective 1 July 2007. In Halifax and Sydney (Nova Scotia), the merged firm will operate as BDO Dunwoody Goodman Rosen Inc.
BDO Dunwoody Limited will continue to operate and grow Financial Recovery Practices throughout the rest of Canada. BDO Dunwoody Limited holds one of Canada's first corporate licenses as a Trustee in Bankruptcy and presently has 120 partners and professional staff nationwide.
The merger enables the Goodman Rosen professionals to join a dedicated group of financial recovery specialists within a national network of professionals and access their resources. The combination will enable the firm to offer its clients an expanded range of services, while allowing BDO Dunwoody Limited to more effectively serve the Atlantic Canada marketplace.
Goodman Rosen Inc. is a boutique professional services firm that was established as a predecessor organization by Paul Goodman, FCA, FCIRP, FIIC in 1998 after spending 28 years with one of Canada's largest accounting firms. In 2002, after 18 years with another national firm, Mark Rosen, LLB, FCIRP joined Mr. Goodman under the present firm name. The Goodman Rosen team offers professional advice and experienced assistance to individuals and businesses undergoing financial difficulties and has been involved in many of Atlantic Canada's most significant insolvency and business restructuring situations.
Keith Farlinger FCA of BDO Dunwoody LLP, comments: "I am thrilled at the prospect of adding the stature and capabilities of Paul Goodman and Mark Rosen to our firm. Through this merger, we will offer our Atlantic Canada clients and contacts outstanding resources in every area of financial recovery services. Our national network will benefit from Goodman Rosen's exceptional strengths in financial recovery consulting. Both of these professionals have a highly respected reputation throughout Atlantic Canada."
Keith sees more for the future: "In doing this merger, we're looking at more than the immediate benefits. This is a first step in our growing a full-service practice in Atlantic Canada. The people at Goodman Rosen are well-connected, and they will be of great help to us in building a strong presence throughout the Maritimes."
"This merger will provide our clients with access to a depth and breadth of expertise not previously available to them," said Paul Goodman, of Goodman Rosen Inc. "With BDO's resources, which extend across Canada and internationally, we can quickly and cost-effectively facilitate resolutions for virtually any type or size of business needing financial recovery and restructuring services."
Frans Samyn, CEO of BDO International, congratulated Gilles Chaput, CEO of BDO Dunwoody, and his Partners, on a merger that ‘Not only strengthens your firm in the SAS area of Business Recovery, but also gives you a foot in the door in the North East of the country where you have been looking for more presence. It is another real statement to the market’.
Media contacts:
Keith Farlinger, FCA, Managing Partner, BDO Dunwoody - Toronto Centre
T: (416) 369-3056; E: kfarlinger.bdo.ca
Paul G. Goodman, FCA, FCIRP, FIIC, President, Goodman Rosen, Inc
T: (902) 425-3148; E: pgoodman@goodmanrosen.ca
About BDO Dunwoody LLP, Chartered Accountants and Advisors
BDO Dunwoody LLP is an entrepreneurially-spirited accounting and advisory firm. As Canada's dominant firm serving mid-sized businesses with more than 95 offices nationwide, BDO has the size and strength to present clients with a full range of comprehensive professional services. Through BDO International, which has more than 20,000 professionals in over 100 countries, the firm's support extends around the globe.
About Goodman Rosen, Inc., Insolvency Consultants, Trustee in Bankruptcy
The predecessor firm was founded in 1998 by Paul Goodman, who has provided insolvency services in Atlantic Canada for more than 30 years. Mark Rosen, who has more than 20 years experience, joined Mr. Goodman in 2002 under the Goodman Rosen name. Halifax-based, the firm offers professional services throughout Atlantic Canada specializing in insolvency and business recovery services. Goodman Rosen's staff provides services in personal and corporate bankruptcies and proposals, receiverships, agency appointments, liquidations and a host of other related professional services.
Goodman Rosen has offices in Halifax and Sydney, and personnel additionally service several other centres in Nova Scotia on a regular basis.