Ryan today announced that the Firm has acquired Taxaccord, a tax automation services firm supporting multinational corporations worldwide with complex tax software implementation and process improvement solutions.
The acquisition complements Ryan’s Tax Technology practice—one of the largest in the tax services industry—and brings an additional team of global tax technology professionals with vast systems integration expertise and knowledge in supply chain, finance, tax, and information technology. Taxaccord founders Angela Myers, Mike Reigle, and Geoff Peck will join the Firm’s Tax Technology leadership team and play a significant role in the continued growth of the practice.
The acquisition also adds a number of significant Fortune 500 relationships to Ryan’s portfolio of clients and will support the growing demand of the Firm’s multinational clients for tax technology solutions that improve accuracy, efficiency, and profitability. Revenue generation and accelerated return on investment will be realized by providing additional access to the Firm’s integrated, single-source solution of more than 45 global tax practices for improving cash flow and minimizing tax liabilities.
“We are proud to add a firm with the industry reputation and expertise of Taxaccord,” said Grant Smith, Ryan’s Tax Technology Practice Leader. “We are excited that these renowned tax technology professionals have joined Ryan to execute our strategy of enhancing the most comprehensive and effective suite of tax technology services in the industry.”
“The acquisition of Taxaccord represents another key milestone in the successful execution of our global growth strategy,” said G. Brint Ryan, Chairman and CEO of Ryan. “Our clients will immediately benefit from the collective strategic insight and experience of this group of tax experts as they deploy global technology solutions that improve efficiency and profitability across the corporate tax function.”
Andersen Tax has announced the establishment of a new office in Germany through the addition of Alegis Gmbh Steuerberatungsgesellschaft in Düsseldorf, and a satellite office in Luxembourg through Alegis S.a.r.l.
“Establishing a presence in Germany was essential to our European growth strategy,” shared Mark Vorsatz, CEO of Andersen Tax. “The partners at Alegis are a true fit for our culture and will integrate seamlessly with our other locations.”
A total of eight Partners will be joining Andersen Tax’s global organization including Sandra Behn, Frank Broßius, Michael Buder, Christian Burgardt, Carsten Feldmann, Christoph Freichel, Dr. Peter Klein and Alessio Rossi.
Alegis Gmbh Steuerberatungsgesellschaft provides corporate and private client services including tax return preparation, tax litigation, tax planning, deferred tax preparation and support, transfer pricing, succession planning, tax optimization, corporate legal services from outsourcing to M&A, and accounting-related services including IFRS.
“Joining Andersen Tax’s global organization is very exciting for us,” commented Alessio Rossi, Office Managing Director for the Düsseldorf and Luxembourg locations. “Integrating international offerings to our current range of services will allow us to provide best-in-class solutions for our clients’ growing, complex needs.”
With the addition of locations in Düsseldorf and Luxembourg, Andersen Global now has more than 32 international locations with over 300 professionals in Europe and over 1000 professionals worldwide. Andersen Tax was previously known as WTAS before changing its name in September 2014 after acquiring the rights to the Andersen name.
Ryan has announced that the Firm has signed an agreement to acquire WTP Advisors (WTP).
Michael Minihan (pictured) and Ian Boccaccio, co-founders of WTP, will join the Ryan executive leadership team as Principals to support the integration and drive continued growth and international expansion. Ian Boccaccio will also serve as Principal and Practice Leader of Ryan’s International Tax practice.
The acquisition will add a team of experienced tax professionals to provide additional knowledge and client support across multiple practice areas, including international tax, credits and incentives, state and local tax, and federal tax. WTP’s core capabilities in international tax compliance and tax provision services will drive growth in Ryan’s rapidly expanding International Tax practice.
It also adds a large complement of respected companies to Ryan’s portfolio of clients across the world. Revenue generation and accelerated return on investment will be realized by offering WTP clients additional access to the Firm’s integrated, single-source solution of more than 45 global tax practices for improving cash flow and minimizing tax liabilities.
“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 Michael Minihan, Partner and Co-Founder of WTP. “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 Ian Boccaccio, Partner and Co-Founder of WTP.
“This acquisition represents another key milestone in the successful execution of our global growth strategy,” said G. Brint Ryan, Chairman and CEO of Ryan. “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.”
Certain assets associated with WTP, including the WTP Exchange and Worldwide Trade Partners, LLC entities, will remain independent and are not included in the acquisition. The parties expect that the transaction will close by the end of November.
Andersen Tax has welcomed MDR Advisory Group to the Andersen family.
MDR provides national, international and corporate tax work to individuals and businesses in Switzerland and Europe. The office in Lugano is the third location established in Switzerland and reinforces the firm’s commitment to providing best-in-class, seamless service to clients throughout the world.
“The partners at MDR Advisory Group are of the highest quality and will be an excellent addition to our global team,” shared Mark Vorsatz, CEO of Andersen Tax. “With the addition of this office in Lugano, our global clients now have best-in-class service in every region in Switzerland.”
About twenty professionals from MDR Advisory Group will join the Andersen family including partners Paolo Mondia, Marina Rezzin, Roberto Cavadini, Roberto Audino and Donatella Cicognani. MDR Advisory Group specializes in direct and indirect tax, inheritance planning, company restructuring, internal compliance, HR management and corporate consultancy.
“We are honored to join such a well-renowned group of professionals with whom we share the same commitment to best-in-class service, stewardship and independence,” said Paolo Mondia (pictured), who will act as the Office Managing Director in Lugano.
With the addition of a location in Lugano, Andersen Tax now has a presence in 27 international locations with nearly 200 professionals in Europe and 1000 professionals worldwide.
Ryan has announced that it has acquired Altus International, a Netherlands-based consulting firm providing transfer pricing, business restructuring, and valuation expertise to multinational companies around the world.
The acquisition complements Ryan’s International Tax expertise with additional global transfer pricing and valuation services. It also adds an experienced team of professionals to support expansion across Europe. Altus International founders, Michel Sijmonsbergen (pictured) and Roderick Veldhuizen, join the Firm’s International Tax leadership team and will play a significant role in the continued growth of the practice.
“We are proud to add a firm with the industry reputation and expertise of Altus International,” said Todd E. Behrend, Ryan’s International Tax Practice Leader. “Recognized by International Tax Review as the 2013 Netherlands Transfer Pricing Firm of the Year, their support will help drive substantial added value for our multinational clients.”
“Ryan already provides tax services to many of the world’s leading global companies, and the acquisition of Altus International will deliver tremendous value through additional transfer pricing solutions,” said Brendan F. Moore, Ryan President of Europe, Asia-Pacific, and Latin America Operations. “The trust that Ryan has earned by delivering superior results for these multinational clients drives our commitment to expand Ryan’s international tax services.”
“The acquisition of Altus International represents another key milestone in the successful execution of our global growth strategy,” said G. Brint Ryan, Chairman and CEO of Ryan. “This deal helps us deliver higher levels of value to our multinational clients, reinforce our international tax services, and continue our aggressive growth across Europe.”
First Names Group has significantly expanded its corporate services offering by acquiring Temmes Management Services and appointing a new Group Managing Director, Corporate and Institutional Services.
The Temmes deal is First Names Group’s second acquisition this year, its first in the corporate services sector. The transaction supports its strategy to expand its corporate services into France, Luxembourg, The Netherlands and the USA whilst also adding to its existing corporate presence in Switzerland and Ireland.
Established in 1996, Temmes Management Services is a privately owned boutique firm specialising in the implementation and operation of sophisticated, multi-jurisdictional corporate tax structures. It has a team of 32 employees and its primary focus is accounting, corporate secretarial, management and treasury services for privately held companies, private equity firms and publicly held companies, principally stemming from the European and USA marketplace.
To strengthen and drive its corporate services line, Armin Kirchner has been appointed as Group Managing Director, Corporate and Institutional Services. Armin joins from the TMF Group, where he played an instrumental role in its global expansion. Armin has served in numerous senior roles throughout his career with TMF, working as both Managing Director and Regional Director throughout Europe before being promoted in 2011 to Global Director Corporate Services based in New York where he was a member of TMF Group’s Executive Committee.
Post integration First Names Group will have a headcount of over 500 ‘First Names’ and operate in 11 countries across the world.
Founding partner of Temmes, Pieter G. C. van Tol, said:
“We are thrilled by the opportunity to join First Names Group, it is a fantastic organisation with outstanding people that share our passion for superior service. Our clients come first and our team of highly experienced personnel, wide range of services and fixed fee approach have enabled us to distinguish ourselves in the global marketplace. We are all looking forward to the next chapter and becoming part of a larger team. First Names Group is committed to hiring additional experienced professionals who will facilitate future expansion into further countries.
Morgan Jubb, Chief Executive Officer at First Names Group, comments;
“I am delighted to confirm our acquisition of Temmes and welcome Armin to the Group. We are focusing on expanding and strengthening our global corporate services offering as part of our overall strategy and Temmes is the ideal acquisition to drive this. It will allow us to offer our clients a high-quality, high value multi-jurisdictional offering in key locations within the corporate services world. Armin’s knowledge and experience will be of great benefit to the business and I am very much looking forward to working with him.”
“I am really excited to join First Names Group and to be part of such a unique firm. I believe that in the corporate services arena, First Names Group stands out as a dedicated and passionate provider appealing to multinational corporations. One of the Group’s key values is to focus on its people in order to deliver outstanding service to its clients. This has already brought it a fantastic reputation and I am confident that with a true multi-country service offering we will grow this further for the benefit of our clients and people.”
First Names Group is a global, independent provider of trust, fund and corporate administration services, with over 500 employees (550 post integration of Mercator – subject to regulatory approval) and offices in Jersey, Isle of Man, Cyprus, Switzerland, Luxembourg, The Netherlands, France, Ireland, UK, the British Virgin Islands and Japan.
Armin Kirchner served as Managing Director of various TMF European offices before becoming regional director for Central and Eastern Europe in 2006. Two years later, he was promoted to regional director for the EMEA region. In mid-2011, Armin took up the role of Global Director Corporate Services, became a member of TMF Group’s Executive Committee and moved to New York to also assume the role of Regional Director North America. Armin will focus on growing First Names Group’s international corporate and institutional service offering.
UHY Hacker Young has announced an acquisition, re-brandings and the appointment of new tax partners.
Howard Spencer, Chairman of UHY Hacker Young, says: “UHY Hacker Young is an expanding and ambitious accountancy group and, as our reputation grows, clients are increasingly attracted by the additional expertise offered within our key technical centres and across our local offices. We are delighted to be starting 2014 with a bang, with a bigger and more visible presence across the country and some really exciting new senior appointments.”
UHY Hacker Young’s Scottish firm, Campbell Dallas LLP has recently acquired Aberdeen-based tax consultancy, Iain A Prentice, bringing five new professionals with significant experience of international tax to the firm, and helping Campbell Dallas extend its reach into one of the UK’s most important commercial cities.
In addition to the Scottish acquisition, UHY Hacker Young has recently boosted its profile across England and Wales. As of 1st January this year, the group’s Newport, Letchworth and Royston offices have all rebranded as UHY Hacker Young from their local firm names.
UHY Hacker Young also announces the recent appointment of several new tax partners (some already reported here on Tax Grotto):
- Simon Browning, who was recognised as one of the country’s Top ‘40 under 40’ tax professionals by Tolley’s Tax Journal in 2012/13 has joined the Nottingham office as a Tax Partner, bringing more than fifteen years’ tax experience at top four and top ten firms.
- In Manchester, Matthew Hodgson has been appointed as Tax Partner. He specialises in corporate tax issues including the tax aspects of corporate M&A and restructurings. He joins from a specialist automotive practice having previously spent over a decade at a top four firm.
- The London office has appointed Michael Avient as partner within the private client services team. He has previously held a number of senior roles within large firms and written for leading tax publications. He has significant expertise with complex tax planning and resolution of tax enquiries and investigations. Michael has had a number of notable successes especially for high profile clients and has been asked to supply expert reports and evidence in his areas of specialism.