Ryan LLC has acquired Economics Partners LLC, a Denver, Colorado-based provider of transfer pricing advisory, controversy and business valuation services.
No financial terms were disclosed.
Ryan, a Dallas-based tax services and software provider, said the deal enhances its international tax practice capabilities.
The acquisition is the first announced by Ryan since Canadian private equity firm Onex Corp acquired a 42 percent interest in the company in October. Onex paid US$317 million for the stake.
Ryan Acquires Economics Partners and Expands International Tax Services
Transaction establishes the Firm as a preeminent provider of transfer pricing services in the United States
DALLAS, Dec. 5, 2018 /CNW/ — Ryan, a leading global tax services and software provider, announced today it has acquired Economics Partners, a global leader in transfer pricing advisory, controversy, and business valuation services. This acquisition accelerates the significant growth of Ryan’s International Tax practice and brings several notable multinational corporations to the Firm’s client portfolio.
“We are experiencing a growing global demand for transfer pricing and valuation services, which is being driven by an ever-increasing scrutiny on intercompany transactions in most jurisdictions throughout the world,” said G. Brint Ryan, chairman and CEO of Ryan. “Our International Tax practice is in a stronger position now to provide our clients with an integrated suite of global tax services. Economics Partners’ expertise in transfer pricing is unequalled in the industry. Its sterling reputation is widely recognized by multinational corporations for providing expertise in navigating complex, multijurisdictional international tax issues. Our integration will deliver immediate value to our clients around the world and help drive Ryan’s global growth and market share.”
Economics Partners is one of the most reputable and respected transfer pricing firms in the tax industry. Its team of experts is made of Ph.D. economists; specialists with advanced degrees in economics, mathematics, finance, and accounting; and former investment bankers and partners from the “Big Four” accounting firms. Based in Denver, Economics Partners also has offices in Salt Lake City, Utah, and Washington, D.C.
The acquisition immediately enhances Ryan’s International Tax practice capabilities and bolsters global growth with Economics Partners’ proven suite of transfer pricing services, numerous long-term international client relationships, and highly seasoned team of service delivery professionals.
“Ryan’s reputation as the market growth leader in global tax, and the complementary transfer pricing services we add to support its strategy, made this a very attractive partnership for our firm,” said Timothy Reichert, chief executive officer of Economics Partners. “We are excited to join forces with Ryan and look forward to delivering higher levels of value for our newly combined group of multinational clients.”
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a six-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.