Onex Acquires 42% Stake in Ryan, LLC

Ares Management and Onex Partners Invest in Ryan, LLC at $2.5B Valuation

May 26, 2022

Accounting & Tax

A private-equity fund managed by Ares Management committed to acquire a significant minority equity stake in Ryan, LLC, valuing the tax services and software firm at $2.5 billion. The investment is being made in partnership with Ryan's management team and existing investor Onex Partners, which will retain a significant minority interest; proceeds will support growth, technology transformation, and continued expansion.

Onex Makes Growth Investment in Ryan Specialty Group

June 4, 2018

Insurance

Onex Corporation acquired a minority equity stake in Ryan Specialty Group through a $150 million preferred equity and $25 million common equity investment to support RSG's growth and M&A strategy. The capital injection establishes a long-term strategic relationship between Onex and Ryan Specialty Group while leaving RSG management (Pat Ryan) in place.

Neuberger Berman Capital Solutions and Funds Commit to Acquire Significant Minority Equity Interest in Ryan, LLC

January 14, 2026

Professional Services

Ryan, LLC announced that Neuberger Berman Capital Solutions, together with funds managed by Neuberger Berman Private Markets, has committed to acquiring a significant minority equity interest in the company. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions.

Ryan Acquires RETC Group

April 11, 2023

Accounting & Tax

Ryan, a global tax services and software firm headquartered in Dallas, has acquired RETC Group, a Dallas-based property tax consulting firm founded in 1986. The acquisition expands Ryan's property tax presence and client roster in North Texas and brings RETC's property tax professionals and expertise into Ryan's integrated tax services and software platform.

Ryan Acquires Brayn Consulting LLC

April 1, 2025

Accounting & Tax

Ryan, a global tax services and software provider, has acquired Brayn Consulting LLC, a Houston-centric tax services firm specializing in R&D tax credits, cost segregation, and green energy income tax incentives. As part of the acquisition, Brayn CEO Brady Bryan will join Ryan as Principal and National Leader – Real Property Income Tax Incentives, expanding Ryan’s Income Tax practice and outreach to mid-market companies nationwide.

Ryan Acquires Kurz Group

October 6, 2022

Accounting & Tax

Ryan, a global tax services and software provider, has acquired Kurz Group, a Dallas-based property tax consulting firm. The deal brings 16 Kurz professionals and nearly 800 clients to Ryan and expands Ryan’s property tax capabilities across retail, industrial, multifamily, and office real estate segments in the United States.