Trends
Ryan acquires Altus Group’s property tax business for $518M
Ryan finalises a $518 million acquisition of Altus Group’s property tax services, enhancing its global presence and service capabilities.
Headline
Ryan finalises a $518 million acquisition of Altus Group’s property tax services, enhancing its global presence and service capabilities.
Context
Ryan , a Dallas-based tax services and software firm, has successfully completed its $518 million acquisition of Altus Group’s property tax services business, marking a significant expansion of its global operations. The transaction, valued at CAD 700 million, includes Altus’s renowned property tax management software itamlink, which helps clients manage complex property tax bills and expenses efficiently. Additionally, Ryan will benefit from a three-year subscription to Altus Market Insights, a data-driven platform that enhances market intelligence and strategic decision-making.
Evidence
Pending intelligence enrichment.
Analysis
Altus Group, a leading Canadian company recognised for its commercial real estate (CRE) analytics and consultancy services, reported $194 million in revenue from its property tax division in 2023. The acquisition broadens Ryan’s market reach, establishing a stronger presence in the UK and reinforcing its foothold across Canada and the United States. As part of the agreement, approximately 1,000 Altus employees will join Ryan’s team, ensuring continuity of service for clients and strengthening Ryan’s property tax advisory capabilities globally. Also read: New Zealand to Introduce 3% Digital Services Tax on Global Tech Giants Also read: Employer.com acquires Bench Accounting to expand its offerings This acquisition positions Ryan as a global leader in property tax services, meeting the rising demand for integrated solutions in the commercial real estate (CRE) sector. Property tax regulations across multiple jurisdictions often pose significant challenges for businesses, making expert advisory crucial for compliance, cost efficiency, and financial planning.
Key Points
- Ryan acquires Altus Group’s property tax services for $518 million.
- The deal expands Ryan’s global tax services, including in the UK, US, and Canada.
Actions
Pending intelligence enrichment.
