Dallas-based Ryan, a leading tax services firm, has acquired severance tax consulting firm Shiv Om Consultants.
Financial terms of the deal were not disclosed.
The Dallas-based Shiv Om team brings a depth of experience in helping large oil and gas exploration and production companies reduce their severance tax liabilities, and brings a number of Fortune 500 relationships to the table.
“Ryan’s strategic acquisition of Shiv Om adds substantial capabilities to our severance tax practice to meet increasing client demand in the oil and gas industry,” said Matt Travis, a principal and severance tax practice leader of Ryan, in a statement. “Our severance tax practice is now the undisputed market leader, supporting most of the largest energy companies in the world.”
“The strategic acquisition of Shiv Om Consultants is another milestone in our strategy to build on our market leadership as the largest firm in the world specializing exclusively in tax services,” said G. Brint Ryan, chairman and CEO of Ryan, in a statement.
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