TORONTO, March 4, 2014 /CNW/ - Ryan, a leading global tax services firm with the largest indirect and property tax practices in North America, today announced that it has entered into a Letter of Intent to acquire Definitive Consulting Services ("Definitive"). The acquisition is subject to completion of due diligence, with an estimated close date of April 15, 2014. Definitive Consulting Services provides Canadian sales tax, customs duty, and tax advisory services to companies across North America.
"Ryan's tax service offering extends well beyond Canadian indirect tax and well beyond the borders of North America," said Chetan Mathur, Executive Chairman of Definitive. "Our existing clients will now have access to Ryan's industry-leading suite of global tax services and rapidly expanding operations across Europe, South America, and Asia. We view this alignment with the market leader in North American tax as a pivotal event in the history of the Canadian indirect tax industry."
"Ryan and Definitive clients will benefit tremendously from the unparalleled tax knowledge and expertise of our combined team of Canadian tax professionals," said Garry Round, Ryan President of Canadian Operations. "This acquisition launches a new phase of Canadian growth and market leadership for our Firm and the seasoned professionals of Definitive who will play a key role in our future success."
"This acquisition will complement our comprehensive suite of integrated Canadian tax services and add a seasoned team of tax professionals," said G. Brint Ryan, Chairman and CEO of Ryan. "We look forward to providing Definitive clients a greater array of tax solutions for improved profitability and cash flow, and are committed to delivering the highest levels of client service, value, and results."
Terms of the deal were not disclosed.
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. Since 1974, the Firm's Canadian practice, located in Toronto, Ontario, has advised companies on a variety of tax matters, both provincially and nationally. Headquartered in Dallas, Texas, Ryan provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defence, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-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 1,700 professionals and associates serves over 9,000 clients in 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at www.ryanco.ca.
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