Ryan, a global tax services and software provider, said Wednesday that Neuberger Berman Capital Solutions and funds managed by Neuberger Berman Private Markets have committed to acquire a “significant minority” equity interest in the company, adding a new long-term strategic shareholder alongside Onex Partners and Ares Private Equity Funds.
The transaction, announced Jan. 14, positions Neuberger as a key partner backing Ryan’s growth strategy, which the company said centers on continued investment in talent, expansion into new markets, and further development of its consulting, software, and technology capabilities. Financial terms were not disclosed.
Ryan said it will continue to be led by founder, Chairman and CEO G. Brint Ryan, with the existing management team maintaining responsibility for day-to-day operations. The company is headquartered in Plano, Texas.
Neuberger Berman Capital Solutions, part of Neuberger Berman Private Markets, specializes in providing customized capital solutions to private equity-owned companies. Ryan said the partnership with Neuberger, Onex Partners and Ares reinforces a shared commitment to building long-term value as the firm seeks to extend its position in business tax services and related technology offerings.
Completion of the transaction is expected in the first half of 2026, subject to regulatory approvals and customary closing conditions.
Ryan is known as one of the largest firms globally dedicated exclusively to business taxes, providing federal, state, local, and international tax services, including tax recovery, consulting, advocacy, compliance, and technology services. The firm said it has more than 7,100 professionals and associates serving over 74,000 clients in more than 80 countries.
Neuberger Berman Private Markets has been investing in private markets since 1987 and, as of Sept. 30, 2025, manages more than $150 billion of investor commitments across strategies, including primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Berman Capital Solutions said it manages approximately $12 billion in assets under management and has invested in more than 90 companies across three funds.
Support: BofA Securities and J.P. Morgan Securities served as financial advisors to Ryan, and Kirkland & Ellis served as legal advisor. RBC Capital Markets and Goldman Sachs served as financial advisors to Neuberger, and Latham & Watkins served as legal advisor.
KEY QUOTES:
“Ryan has built a powerful foundation as a clear market leader in tax, and this strategic partnership further strengthens our competitive advantage as we enter our next phase of growth. We were deliberate in choosing a partner who aligns with our mission, values what this team has built, and believes strongly in our long-term vision. Together with Neuberger, Onex Partners, and Ares, we are well positioned to expand our reach, deliver even greater value to clients, and unlock the next chapter of our global growth.”
G. Brint Ryan, Founder, Chairman and Chief Executive Officer, Ryan
“We are thrilled to partner with Brint and the Ryan team, as well as Onex Partners and Ares, and we look forward to helping Ryan achieve its goal of becoming the global leader in tax. Ryan is a differentiated platform sitting at the intersection of tax expertise, technology, and client service. We believe the Company is exceptionally well positioned to benefit from long-term secular trends in tax regulation, compliance, and digital transformation.”
David Lyon, Head, Neuberger Berman Capital Solutions
“Ryan has built a category-leading platform with deep industry expertise, a strong culture, and exceptional leadership, and we are excited to welcome Neuberger as a strategic capital partner alongside Ares and management.”
Amir Motamedi, Managing Director, Onex Partners
“Over the last three years, the Ares team has seen firsthand the strength and innovation of the Ryan organization, and we are excited to continue our valued partnership alongside Onex Partners and Neuberger Berman in support of the Company’s growth and long-term value creation strategy.”
Matt Cwiertnia, Head, Ares Private Equity
