Dallas-based tax services and software provider Ryan announced Tuesday a definitive agreement to acquire the property tax business of Altus Group Ltd. for CA$700 million ($513.4 million). This significant Ryan and Altus $513M tax deal is set to expand Ryan’s operations in Canada, the U.S., and the U.K., leveraging the expertise of three key firms in the process.
Ryan and Altus $513M Tax Deal : Legal Advisors and Deal Structure
The Ryan and Altus $513M tax deal enlisted five principal legal advisers. Kirkland & Ellis LLP, Goodmans LLP, and Arnold & Porter Kaye Scholer LLP represented Ryan, while Stikeman Elliott LLP and Cravath Swaine & Moore LLP provided counsel to Altus. This all-cash transaction includes Altus’ property tax services and software offerings across the three countries.
As part of the agreement, Ryan committed to a subscription with Altus Market Insights worth CA$5 million annually for three years.
Strategic Benefits and Statements from Leadership
“This acquisition will provide benefits for both Altus’s property tax clients and Ryan’s global clients from bolstered local expertise powered by industry-leading technologies,” said G. Brint Ryan, chair and CEO of Ryan. “Altus has built an impressive property tax business that is highly regarded as a trusted advisor in the industry, and we believe our clients will enjoy many enhanced benefits from our combined platform.”
