Ryan, a global tax services and software provider, announced that Neuberger Berman Capital Solutions, along with funds managed by Neuberger Berman Private Markets, has committed to acquiring a significant minority equity interest in the company. This investment positions Neuberger as a key shareholder alongside existing partners Onex Partners and Ares Private Equity Funds, reinforcing a shared commitment to Ryan’s strategic vision and growth.
The partnership aims to support Ryan’s continued investment in its personnel, expansion into new markets, and advancement of its consulting, software, and technology capabilities to achieve sustainable value creation. Ryan will maintain its current leadership structure, with founder, Chairman, and Chief Executive Officer G. Brint Ryan at the helm, alongside the existing leadership team managing all operating activities.
“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,” stated G. Brint Ryan. He emphasized the deliberate choice of a partner aligned with the company’s mission, values its achievements, and believes in its long-term vision. Ryan added, “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.”
David Lyon, Head of Neuberger Berman Capital Solutions, commented on the partnership, “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.” Lyon described Ryan as a differentiated platform positioned at the intersection of tax expertise, technology, and client service, believing the company is exceptionally well-suited to benefit from long-term trends in tax regulation, compliance, and digital transformation.
Amir Motamedi, Managing Director of Onex Partners, highlighted Ryan’s category-leading platform, deep industry expertise, strong culture, and exceptional leadership, expressing excitement to welcome Neuberger as a strategic capital partner. Matt Cwiertnia, Head of Ares Private Equity, noted the Ares team’s firsthand experience with Ryan’s strength and innovation over the past three years, reaffirming their valued partnership with Onex Partners and Neuberger Berman in supporting the company’s growth and long-term value creation strategy.
The transaction is projected to close in the first half of 2026, pending receipt of required regulatory approvals and customary closing conditions. BofA Securities and J.
P. Morgan Securities LLC served as financial advisors, and Kirkland & Ellis LLP served as legal advisor to Ryan. RBC Capital Markets and Goldman Sachs & Co. LLC acted as financial advisors, and Latham & Watkins LLP served as legal advisor to Neuberger.
Ryan is a global tax services and software provider with headquarters in Plano, Texas. The firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan’s team of over 7,100 professionals and associates serves more than 74,000 clients in over 80 countries, including numerous Global 5000 companies.
Neuberger Berman Private Markets, a division of Neuberger Berman, has been active in private markets investing since 1987. As of September 30, 2025, it manages over $150 billion of investor commitments across various strategies. Neuberger Berman Capital Solutions, a component of Neuberger Berman Private Markets, offers bespoke capital solutions to private equity-owned companies, managing approximately $12 billion in AUM and having invested in over 90 companies.
Onex Partners, Onex Corporation’s upper middle market buyout strategy group, focuses on control equity investments in North America and Europe. It has invested over $20 billion across six funds and acquired more than 50 operating company platforms. Ares Management Corporation is a global alternative investment manager with over $595 billion of assets under management as of September 30, 2025, operating across North America, South America, Europe, Asia Pacific, and the Middle East, offering solutions across credit, real estate, private equity, and infrastructure asset classes.
