Ryan receives minority investment from Neuberger Berman

Ryan, a Plano, TX-based tax consulting and software firm, has received a significant minority investment from New York-based private equity firm Neuberger Berman.

Neuberger is investing up to $1.2 billion through its Neuberger Berman Capital Solutions and Neuberger Berman Private Markets units in a transaction that values Ryan at approximately $7 billion.

Neuberger will join Onex Partners and Ares Management as minority shareholders and will receive two board seats, according to Bloomberg News. Onex invested in Ryan in 2018 when the tax consultancy was valued at $1.1 billion, and Ares invested in 2022 when Ryan was valued at $2.5 billion.

The transaction is slated to close in the first half of 2026.

G. Brint Ryan, founder, chairman, and CEO, will continue to lead the company which bears his name.

“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,” Ryan said.

The tax consultancy in a press release said the investment will help it invest in its people, expand into new markets, and advance its consulting and technology capabilities.

“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,” said David Lyon, head of Neuberger Berman Capital Solutions. “We believe the Company is exceptionally well positioned to benefit from long-term secular trends in tax regulation, compliance, and digital transformation.”

BofA Securities and J.P. Morgan Securities served as financial advisors to Ryan on the transaction.