The global tax services firm Ryan has signed an agreement to acquire another large tax services firm, WTP Advisors.
The transaction is expected to close by the end of November. Under the deal, WTP co-founders Michael Minihan and Ian Boccaccio will join Ryan’s executive leadership team as principals, with Boccaccio also serving as practice leader of Ryan’s international tax practice. Certain assets associated with WTP, including the WTP Exchange and Worldwide Trade Partners LLC entities, will remain independent and are not included in the deal. Financial details were not disclosed.
“This acquisition represents another key milestone in the successful execution of our global growth strategy,” Ryan chairman and CEO G. Brint Ryan said in a statement. “As we continue to build market leadership in tax services through acquisition and organic growth, we remain committed to providing our clients world-class service and superior results.”
The acquisition will add WTP’s team of experienced tax professionals across multiple practice areas, including international tax, credits and incentives, state and local tax, and federal tax, along with a number of large clients. Ryan sees WTP’s international tax compliance capabilities and tax provision services driving growth in its expanding international tax practice.
“This acquisition will support a new phase of international growth and expansion for Ryan, and the legacy professionals of WTP will play a key role in our future success,” said Boccaccio.
In turn, WTP’s clients will gain access to Ryan’s more than 45 global tax practices.
“WTP clients will benefit tremendously from the unparalleled tax knowledge, expertise and commitment to client service that our newly combined team of tax professionals will provide,” said Minihan.
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