Ryan, a global leader in tax services and software solutions, has completed its CAD $700m acquisition of Altus Group Limited’s property tax services business.
As part of the acquisition, Ryan will also take ownership of Altus’s itamlink property tax management software, bolstering its tax.com™ software offerings.
The acquisition establishes Ryan’s property tax services presence in the United Kingdom, while further expanding its reach and expertise across Canada and the United States. With approximately 1,000 Altus team members now joining Ryan, the firm is better positioned to deliver comprehensive tax services across key markets.
In 2023, Altus Group’s property tax services business generated CAD $263m in revenue, making this acquisition a strong complement to Ryan’s existing offerings.
Ryan Chairman and CEO G. Brint Ryan said, “The addition of Altus’s talented team strengthens our ability to serve clients at the highest level.
“Their expertise and approach align seamlessly with our commitment to deliver innovative, best-in-class solutions. This acquisition enhances our ability to offer an even more comprehensive suite of resources, insights, and tools, allowing us to help our clients navigate an increasingly complex business tax environment and drive their continued success.”
The deal also includes a three-year subscription to Altus Market Insights, which enhances Ryan’s data-driven capabilities by providing valuable market intelligence tools. This addition is expected to fuel further innovation and excellence in Ryan’s growing property tax practice.
Ryan is prioritising a seamless integration process that ensures uninterrupted service for clients while offering new growth opportunities for its expanded workforce. Clients can anticipate continued support from their existing teams and proactive communication about the transition. Altus team members will benefit from Ryan’s award-winning myRyan work environment, renowned for its flexibility and collaboration.
Ryan commented, “With this significant acquisition, Ryan is now even better positioned to lead the transformation of the tax services industry. We are excited about the opportunities this creates for our clients and team members as we continue to drive innovation and deliver exceptional results.”
Ryan, headquartered in Dallas, Texas, is the largest firm in the world dedicated exclusively to business taxes. With more than 4,800 professionals and associates across 80 countries, Ryan delivers an integrated suite of tax services, from consulting and compliance to recovery and technology solutions, serving over 30,000 clients, including Global 5000 companies.
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