Press Room

Ryan & Company Closes $80 Million Syndicated Credit Facility; Will Support Continued Rapid Growth and Market Penetration

Press Release May 03, 2007

Dallas, Texas - Ryan & Company, North America’s largest independent state and local tax consulting firm, today announced that it has successfully completed the closing of an $80 million (expandable to $120 million), multi-currency syndicated credit facility led by Bank of America, including Comerica Bank and JPMorgan Chase.

This new credit facility provides additional capital to fuel continued rapid growth, as well as take advantage of unique market opportunities that strengthen the Firm’s leading market share position. Since 1999, Ryan & Company has grown revenue at a compound annual growth rate (CAGR) in excess of 35%.

“A credit facility of this size is a testament to the financial strength of our Firm and the confidence that the financial community has in Ryan & Company,” said Tony Mills, President of Ryan & Company. “This will enable our Firm to continue its impressive history of organic growth and pursue acquisitions that support our domestic and international expansion strategy.”

“Our profitable growth history, experienced leadership team, and demonstrated commitment to the highest quality client satisfaction in the industry played a pivotal role in helping us secure a credit facility of this size,” said G. Brint Ryan, Managing Principal of Ryan & Company. “Each one of these prestigious financial institutions is a valued Ryan & Company client, having experienced first hand our ability to deliver outstanding results and client satisfaction.”

About Ryan

Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, 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 is a 10-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 3,600 professionals and associates serves over 20,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity. 

MEDIA CONTACT

Stacey Underwood
Senior Manager, Content, Communications, and Public Relations
Ryan
972.934.0022
stacey.underwood@ryan.com