Ryan to acquire property tax services business of Altus Group for $513m.

Ryan, a global tax services and software provider, agreed to acquire property tax services business of Altus Group, a provider of asset and fund intelligence for commercial real estate, for $513m. “This transaction allows Altus Group to focus on the substantial growth opportunities in our core Analytics business while ensuring our property tax clients will continue to be well serviced by Ryan’s leading capabilities. We believe Ryan is the best strategic fit for our Property Tax business, and we’re confident our clients will benefit from the expanded tax service offerings Ryan can provide them,” Jim Hannon, Altus Group CEO.