Ryan Completes Acquisition of Altus Group’s Property Tax Services Business
Ryan, a leading global tax services and software provider, has successfully finalized its significant CAD $700 million acquisition of Altus Group Limited’s property tax services division. This acquisition marks an important milestone as Ryan not only gains complete control of Altus Group’s property tax services but also integrates Altus’s advanced itamlink property tax management software into its offerings, enhancing Ryan’s robust tax.com™ software suite.
Expanding Global Capabilities
This strategic move significantly strengthens Ryan’s global footprint, allowing the firm to establish a new property tax presence in the United Kingdom while enhancing its expertise across Canada and the United States. With approximately 1,000 former Altus Group employees becoming part of Ryan, the firm anticipates a surge in its ability to deliver comprehensive, result-oriented tax services in these key regions. The property tax services division acquired from Altus Group generated an impressive revenue of CAD $263 million, adding substantial value to Ryan's already extensive array of products and services.
Leadership Insights on the Acquisition
The acquisition has been hailed as a pivotal enhancement by Ryan’s Chairman and CEO, G. Brint Ryan. He expressed enthusiasm about the incorporation of Altus’s skilled team, noting that their expertise aligns perfectly with Ryan’s dedication to delivering innovative, top-tier solutions. “This acquisition enhances our capability to provide an even broader suite of insights, resources, and tools, empowering our clients to successfully navigate the complexities of business tax,” Ryan stated.
Comprehensive Resources and Tools
The transaction additionally brings a three-year subscription to Altus Market Insights to Ryan, augmenting the firm’s already extensive data analytics capabilities. This comprehensive suite of resources will strengthen Ryan’s expanding property tax practice, offering clients innovative solutions and excellence in service.
Seamless Integration and Service Continuity
Ryan is strategically focused on ensuring a smooth integration of these new services, prioritizing client service continuity while fostering growth opportunities for its enriched team. Clients will continue receiving exceptional support from their existing service teams, along with proactive updates on integration processes. Altus team members can expect to thrive in Ryan’s collaborative culture, which is exemplified by the award-winning myRyan work environment.
Future Outlook and Opportunities
“This significant acquisition positions Ryan to lead the evolution of the tax services industry,” declared Ryan. “We are genuinely excited about the possibilities this opens for both our clients and our team members as we advance innovation and achieve outstanding results.”
About Ryan
Ryan stands as a distinguished global tax services and software provider, recognized as the largest firm dedicated exclusively to business taxes. Based in Dallas, Texas, Ryan offers a wide array of integrated federal, state, local, and international tax services across various jurisdictions. These include tax recovery, consulting, advocacy, compliance, and technology solutions. Renowned for its commitment to outstanding client service, Ryan is an eleven-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA). With more than 4,800 professionals serving over 30,000 clients in 80+ countries, Ryan remains devoted to delivering exceptional value, especially to many leading Global 5000 companies.
Frequently Asked Questions
What was the value of Ryan's acquisition of Altus Group?
The acquisition was valued at CAD $700 million, expanding Ryan's property tax services capabilities.
How many employees from Altus Group joined Ryan?
Approximately 1,000 employees from Altus Group became part of the Ryan team.
What significant resource was included in the acquisition?
The acquisition includes a three-year subscription to Altus Market Insights, enhancing Ryan's data-driven capabilities.
How does Ryan plan to ensure client service continuity?
Ryan intends to maintain existing service teams for clients and provide proactive updates during the transition.
What recognition has Ryan earned in the client service area?
Ryan has received the International Service Excellence Award from the Customer Service Institute of America multiple times, recognizing its commitment to client service excellence.
