Ryan strengthens its Credits and Incentives practice with the acquisition of Kane, McKenna and Associates, expanding expertise in tax increment financing and economic development solutions.
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DALLAS (Dec. 7, 2022) – Ryan, a leading global tax services and software provider, has announced the acquisition of Kane, McKenna and Associates, Inc. (KMA), a specialized consulting firm focused on delivering economic development solutions and providing municipal financing strategies for development projects. This strategic acquisition will further strengthen Ryan’s expertise in tax increment financing (TIF) and expand the service offerings in the Firm’s Credits and Incentives practice.
“The strength and success KMA has had for nearly four decades assisting municipalities in setting up TIF and other economic development programs with corporations cannot be overstated,” said Ryan Chairman and CEO G. Brint Ryan. “Adding a leading TIF consultant in the state of Illinois expands the footprint of our already well-established but growing Credits and Incentives practice. KMA will provide innovative and viable economic development financial strategies for our current and future clients.”
KMA was established in 1984 as an economic development and financial advisory services firm by Don Kane and Phil McKenna in Chicago, Illinois. The firm provides a range of financial advisory services for local economic development and public finance. Their understanding of both private and public sector perspectives allows KMA to act as a strong liaison between public governing bodies and private companies.
The acquisition of KMA will add eight professionals to the Ryan team, including founding partner Phil McKenna. Phil’s expertise encompasses many aspects of public finance and economic development.
“Our team of experienced specialists in the TIF field will serve as a valuable asset to clients as they navigate the complexities of economic development strategies,” said Phil McKenna. “Ryan and KMA share the same vision of serving our clients and maintaining long-term relationships by tirelessly meeting their immediate needs and helping them thrive. I am excited to join a team with such a positive work culture and am confident that our KMA team members joining Ryan will transition seamlessly and enjoy opportunities that will positively impact their career paths.”
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. Headquartered in Plano, Texas, the Firm combines deep tax expertise with practitioner-built technology and comprehensive consulting, compliance, and advocacy capabilities. Supported by the acclaimed myRyan work environment, more than 7,600 team members are empowered to deliver exceptional results for more than 87,000 clients in over 80 countries, including many of the world’s most prominent Global 5000 companies. Driven by a commitment to client advocacy, Ryan helps businesses pay only what they owe, freeing capital to invest, grow, and thrive. More information about Ryan can be found at ryan.com.
Melodie Elliott
Director, Content and Communications Marketing
Ryan
972.934.0022
melodie.elliott@ryan.com
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