FBL

What FBL does

FBL S.E.N.C.R.L. is a privately held Quebec-based accounting and professional services firm founded in 1981, structured as a S.E.N.C.R.L. (Quebec professional partnership). The firm operates from 10 offices across Quebec — anchored by a Montréal headquarters at 555 boulevard René-Lévesque Ouest — with a workforce of over 425 professionals including approximately 30 partners. FBL is a member of Russell Bedford International, a global network of independent accounting and consulting firms, providing the firm with cross-border reach. The firm is privately owned by its partners with no external private equity or venture capital backing, and has grown historically through organic expansion and the absorption of regional CPA firms via merger (notably Girard Lavoie Mooney in 2014 and Lacroix Allaire Héroux Beaudry in 2021).

The firm delivers eight integrated service lines: Certification/Assurance (audit, review, compilation), Corporate and Personal Taxation, Business Valuation, Business Transfers and Succession, Business Acquisitions/Sales/Mergers, Accounting and Bookkeeping, Incorporation of Professionals, and SR&ED Tax Credits. Service delivery is partner-led through local offices, with no proprietary technology platform; engagements rely on standard third-party professional accounting software including Caseware, Taxprep, QuickBooks, Acomba, Simply Accounting, Avantage, Employer D, Nethris, and DEXT. The client base spans SMEs and entrepreneurs (primary segment), municipalities, non-profits, professionals (CPAs, lawyers, doctors), agricultural businesses, and innovation-driven companies pursuing SR&ED claims, with services delivered in both French and English.

Revenue is generated through engagement-based professional services billing; no pricing, subscription, or revenue figures are publicly disclosed, and clients contact the firm directly for quotes. Go-to-market is sales-led and relationship-driven, supported by content marketing (tax bulletins, federal/provincial budget analyses) and community involvement rather than performance marketing. Most recent strategic actions include a December 2025 partnership with Repreneuriat Québec to embed FBL in the province's SME business-transfer pipeline, and continued lateral recruitment of founding partners from regional Quebec CPA firms (2024-2025).

Name

FBL

Legal name

FBL S.E.N.C.R.L.

Website

https://fbl.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

251–500 employees

Short description

FBL S.E.N.C.R.L. is a Quebec-based accounting and professional services firm founded in 1981, serving SMEs, entrepreneurs, municipalities, non-profits, and professionals across Quebec through 10 offices with 425+ professionals, offering audit, tax, valuation, and M&A advisory services.

Ownership category

akta.pro rank

Product category

Accounting and Professional Services

NAICS

Other Accounting Services (541219), Professional, Scientific, and Technical Services (54)

akta.pro primary industry

M&A Advisory (Buy-side/Sell-side) (BPAHADAC)

akta.pro secondary industry

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

Keywords

• Professional accounting services
• Audit and assurance
• Tax advisory services
• Business valuation
• Succession planning

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services - Audit & Assurance: Audit, review, and compilation engagements for financial statements, serving SMEs, large enterprises, municipalities, and non-profits.
2. Taxation Services: Corporate and personal tax planning, compliance, reorganizations, and SR&ED tax credit advisory.
3. Business Advisory and Valuation: Business transfers, succession planning, M&A advisory, and business valuation services.
4. Accounting and Bookkeeping: Ongoing accounting, bookkeeping, payroll processing, and financial statement preparation.
5. Incorporation of Professionals: Advisory services for professional incorporation decisions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

FBL S.E.N.C.R.L. is a Quebec chartered professional accounting firm providing audit and assurance, corporate and personal taxation, accounting and bookkeeping, business valuation, M&A advisory, business succession and transfer planning, SR&ED tax credits, and professional incorporation advisory to SMEs, entrepreneurs, professionals, municipalities, and non-profits across Quebec. Services are delivered by 425+ professionals across 10 regional offices, with specialized sector expertise in agriculture, construction, manufacturing, retail, and the public/non-profit sector.

Product overview

FBL is an accounting and professional services firm offering a comprehensive suite of eight integrated service modules under its unified platform. The core offering includes Accounting, Corporate and Personal Taxation, Certification/Assurance, Business Valuation, Business Transfers and Succession, Business Acquisitions/Sales/Mergers, Incorporation of Professionals, and SR & ED Tax Credits. These services work together as an integrated professional services ecosystem, enabling business leaders to access complementary expertise from a single firm, from day-to-day accounting through complex tax planning, valuation, and business transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Certification (Assurance) Audit, review engagements, and financial statement examinations providing clear analysis of a client's financial situation for better resource management. Delivered by CPA auditors to SMEs, large enterprises, municipalities, and non-profits in Quebec.
• Business Transfers and Succession Business succession and transfer planning ensuring enterprise continuity for Quebec SME owners and entrepreneurs, combining strategic advisory with financial support.
• Business Acquisitions, Sales and Mergers Turnkey advisory for business acquisitions, sales, and mergers, integrating valuation, due diligence, tax planning, and transaction support for Quebec SMEs and larger enterprises.
• Corporate and Personal Taxation Corporate and personal tax planning, compliance, reorganizations, and SR&ED advisory delivered by FBL's tax specialists for Quebec businesses and individuals.
• Accounting Outsourced accounting, bookkeeping, payroll processing, and financial statement preparation enabling Quebec business owners to focus on growth.
• Incorporation of Professionals Advisory services helping Quebec professionals (CPAs, lawyers, doctors, etc.) evaluate and execute professional incorporation decisions with proper tax planning.
• Business Valuation Determination of fair market value for transactions, litigation, due diligence, expropriation, and shareholder disputes, delivered by CBV-designated valuators.
• SR & ED Tax Credits Advisory helping Quebec businesses maximize Scientific Research and Experimental Development (SR&ED) tax credit claims and innovation project financing.

Quantifiable outcome

• Repreneuriat Québec has guided nearly 35,000 entrepreneurs and thousands of businesses, representing more than $9 billion in transferred revenue, with a survival rate of 87.5% for supported SMEs

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Repreneuriat QuébeccoreStrategic or Co-development Partner · 11 December 2025On December 11, 2025, Repreneuriat Québec and FBL S.E.N.C.R.L. announced a strategic partnership to support the next generation of entrepreneurs in Quebec. Under this agreement, entrepreneurs supported by Repreneuriat Quebec gain access to FBL's expertise in finance, taxation, accounting, and business valuation. The partnership aims to strengthen support for business buyers and sellers, facilitate successful business transfers, and contribute to Quebec's economic vitality. Repreneuriat Québec has guided nearly 35,000 entrepreneurs and thousands of businesses representing over $9 billion in transferred revenue, with an 87.5% survival rate for supported SMEs.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• BDO Canada: Top-5 Canadian accounting and advisory firm with major Montreal and Quebec City offices serving mid-market and large enterprise clients. Competes with FBL in the Quebec mid-market audit, tax, and advisory space as a broader national incumbent.
• Grant Thornton Canada: Canadian mid-tier audit and advisory network with nationwide coverage including Quebec. Overlaps with FBL on SME audit, tax, and advisory services while bringing broader national/international bench and resources.
• Baker Tilly Canada: National mid-market Canadian accounting and advisory network with Quebec member firms. Competes with FBL in the Quebec mid-market segment while offering broader geographic reach across Canada.
• KPMG Montreal: Big 4 firm with significant Montreal office serving Quebec-based enterprises and large SMEs. Overlaps with FBL on Quebec enterprise audit, tax, and advisory — particularly for SMEs scaling toward large-enterprise requirements.
• PwC Montreal: Big 4 firm with established Montreal office serving Quebec's largest enterprises and SMEs. Competes with FBL for Quebec enterprise audit, tax, transaction, and advisory mandates at the upper mid-market and enterprise tier.
• Deloitte Montreal: Big 4 firm with major Montreal presence serving large Quebec-based enterprises and a growing mid-market practice. Represents upper-end competitive overlap for FBL as Quebec clients scale.

Direct peers

• Mallette: Quebec-headquartered accounting and professional services firm serving SMEs with audit, tax, and advisory offerings. Operates in the same Quebec geography and serves the same SME/professional segments as FBL.
• MNP: One of Canada's largest mid-market accounting, tax, and business advisory firms with strong Quebec presence. Competes directly with FBL for SME and mid-market audit, tax, valuation, and M&A advisory mandates in the same Quebec geography.
• Richter: Montreal-based accounting and advisory firm providing audit, tax, business valuation, and M&A advisory. Closely comparable to FBL on Montreal-anchored service breadth and valuation/transaction practice, with stronger U.S. cross-border emphasis.
• Raymond Chabot Grant Thornton: Quebec-headquartered member of Grant Thornton International offering audit, tax, advisory, and business recovery services. A direct FBL competitor in Quebec with comparable size, bilingual delivery, and full-lifecycle service platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fbl

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FBL