Ryan Completes Acquisition of Altus Group's Property Tax Services
Ryan, a renowned global tax services and software provider, has successfully finalized its acquisition of the property tax services business from Altus Group Limited for CAD $700 million. This strategic move allows Ryan to take full ownership of Altus's property tax division, significantly broadening its footprint in property tax services around the globe. Included in this acquisition is Altus’s innovative itamlink property tax management software, a key asset that will enhance Ryan’s tax.com™ software offerings.
Expanding Global Presence
This acquisition notably enhances Ryan’s global capabilities, particularly in establishing a property tax presence in new markets such as the United Kingdom, while also strengthening its operations across Canada and the United States. With the integration of around 1,000 skilled employees from Altus Group, Ryan is poised to provide a more comprehensive suite of tax services across these vital regions. Altus Group's property tax services business, which recorded a revenue of CAD $263 million recently, adds substantial value to Ryan’s extensive product and service portfolio, showcasing a robust commitment to innovation and client service.
A Commitment to Elevated Client Service
In a statement, G. Brint Ryan, Chairman and CEO of Ryan, expressed his enthusiasm regarding the acquisition, stating, "The addition of Altus’s talented team strengthens our ability to serve clients at the highest level. Their expertise aligns seamlessly with our mission to provide innovative solutions that meet the evolving needs of our clients. This acquisition amplifies our capacity to deliver a more comprehensive suite of tools and insights that empower our clients in navigating a complex business tax landscape, fostering their success along the way."
Insights and Tools
The agreement further includes a three-year subscription to Altus Market Insights, equipping Ryan with additional market intelligence tools that enhance its already formidable data-driven approach. The integration of these resources will not only fortify Ryan's Property Tax practice but will also open doors for new innovations and improved client service experiences.
Seamless Integration and Client Support
Ryan is dedicated to ensuring that the integration of this acquisition is seamless, prioritizing uninterrupted service for clients while also fostering new opportunities for its growing team. Clients can look forward to continued support from their current service teams, alongside proactive communications about transition activities. Additionally, Altus team members will find an environment conducive to growth and collaboration within Ryan’s inclusive culture, exemplified by its acclaimed myRyan work environment.
Leading Transformation in Tax Services
In concluding remarks about the acquisition, Ryan highlighted its strategic importance, noting, "With this significant transaction, Ryan is positioned more than ever to lead the transformation of the tax services landscape. We are thrilled by the potential that this brings for both our clients and our team as we strive to accelerate innovation and deliver unmatched results."
About Ryan
Ryan is celebrated as the largest firm globally focused exclusively on business taxes. Headquartered in Dallas, Texas, Ryan offers an integrated suite of services across federal, state, local, and international tax areas, including consultancy, compliance, advocacy, and technology solutions. Recognized for its dedication to exceptional client service, Ryan has received the International Service Excellence Award from the Customer Service Institute of America multiple times. Boasting a dynamic and innovative work culture, Ryan's multidisciplinary team, comprised of over 4,800 professionals, serves more than 30,000 clients in over 80 countries, including many Global 5000 enterprises. More information can be found at ryan.com.
Frequently Asked Questions
What is the significance of Ryan's acquisition of Altus Group?
This acquisition significantly strengthens Ryan's property tax services worldwide, ensuring they can serve a broader client base with enhanced capabilities.
How many employees from Altus Group will join Ryan?
Approximately 1,000 team members from Altus Group are now part of Ryan, which will bolster the firm's service offerings.
What software is included in Ryan's acquisition?
Ryan is set to acquire Altus's itamlink property tax management software, which will enhance its existing software solutions.
What are Ryan's future priorities following this acquisition?
Ryan aims to ensure a seamless integration while maintaining client service continuity and fostering growth opportunities for its team.
Where is Ryan headquartered?
Ryan's global headquarters is located in Dallas, Texas, where it serves clients worldwide.
