Onex-backed Ryan expands in Canada with AEC acquisition
Ryan LLC has acquired AEC Property Tax Inc, a Toronto-based property tax consulting business, for an undisclosed amount. Founded in 1973, AEC and its affiliates provide property tax solutions to companies in Canada's commercial, hospitality, industrial, manufacturing, mining, oil and gas, power and retail sectors. The company's team, led by CEO Gary Newell and President Robert Gagne, will join Ryan. Ryan, a Dallas-based tax services and software provider, said the deal expands its market position, client portfolio and service capabilities in Canada. Last year, Canadian private equity firm Onex Corp acquired a 42 percent interest in Ryan for US$317 million.
2 July 2019•3 mins read
