PE-backed Ryan scoops up tax relief consulting agency Indigo

• Indigo helps clients in the construction industry secure tax credits, reduce their tax bill and obtain refunds related to R&D projects
• In 2018, Ryan secured an investment from Onex, a Canadian private equity firm
• Ares, a US alternative investment manager, invested alongside Onex last year

Ryan, a portfolio company of Onex Corp and Ares Management, has acquired Indigo Consulting Group, a Hertfordshire, UK-based research and development tax relief consulting agency. No financial terms were disclosed.

Indigo helps clients in the construction industry secure tax credits, reduce their tax bill and obtain refunds related to research and development projects.

With headquarters in Dallas, Texas, Ryan is a global tax services and software provider.

“Our growth strategy throughout Europe is to acquire leading specialty tax firms with strong teams to ensure we offer clients best-in-class service and results,” said Ryan President of European and Asia-Pacific Operations Jon C. Sweet in a statement. “With the addition of Indigo, we did just that. We are now even better equipped to serve clients in the R&D tax relief space and add value by offering Ryan’s full suite of industry-leading tax services and innovative software solutions.”

In 2018, Ryan secured an investment from Onex, a Canadian private equity firm. Ares, a US alternative investment manager, invested alongside Onex last year.