December 14, 2014 Press Release

Pursant’s Investment Banking Practice is pleased to announce that Taxaccord LLC has been acquired by Ryan.

Our Client

New York, NY – Established in 2004, Taxaccord LLC (“Taxaccord” or the “Company”) is a mid-sized, industry leading indirect tax technology consulting firm providing a complete suite of services focused on automating indirect tax (Value Added Tax, Sales and Use Tax, etc.) business processes to both National and Multinational Fortune 500 companies with tax profiles ranging from complex global supply chains to single country implementations. They serve a wide variety of industries including energy, healthcare, transportation, utilities, retail, and financial services.

The Transaction

On December 31, 2014, Taxaccord was acquired by Ryan (“Ryan”) as part of a long-term strategic expansion plan. Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States. Headquartered in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan’s multi-disciplinary team of more than 1,900 professionals and associates serves over 9,000 clients in more than 40 countries, including many of the world’s most prominent Global 5000 companies.

How Pursant Helped

Pursant LLC acted as the sole Merger & Acquisition Advisor to Taxaccord for the transaction. Levenfeld Pearlstein, LLC acted as legal counsel to Taxaccord. The Pursant team took ownership of the transaction process from beginning through close, freeing the owners of Taxaccord to focus on the continuing operations of their business. Pursant sought out buyers that stood to gain the most from acquiring Taxaccord, managed a competitive bid process and executed every phase of the deal-cycle with precision.


“We believe that combining the Taxaccord and Ryan teams will position us to be the leading tax technology practice in the industry. Ryan is a great fit for Taxaccord since they offer complementary services that will add value for Taxaccord clients. The entire Taxaccord team is excited about the opportunity to join a firm of high caliber people with similar values and goals.” “Mark Herbick and the Pursant team were instrumental in helping Taxaccord achieve this milestone. The Pursant team provided strategic and practical advice at every step which helped to simplify a very overwhelming process for a small business owner. Taxaccord arrived at the best possible fit and results with the help and guidance of Pursant.” — Angela Myers, Partner & CEO, Taxaccord. “We are proud to add a firm with the industry reputation and expertise of Taxaccord” — Grant Smith, Ryan’s Tax Technology Practice Leader. “The acquisition of Taxaccord represents another key milestone in the successful execution of our global growth strategy” — G. Brint Ryan, Chairman and CEO of Ryan. “We are thrilled for both the owners of Taxaccord and Ryan. The owners of Taxaccord were able to monetize the value of their company at the right time in relation to their personal goals and professional aspirations. The talented Taxaccord team and their highly sought after specialized skills will be of tremendous value to Ryan, further enabling them to better accomplish their global growth strategy” — Mark Herbick, CEO, Pursant