Dallas-based global tax services and software provider Ryan has acquired Kane, McKenna, and Associates Inc., a specialized consulting firm focused on delivering economic development solutions and providing municipal financing strategies for development projects.
Ryan said that the strategic acquisition will further strengthen its expertise in tax increment financing 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,” Ryan Chairman and CEO G. Brint Ryan said in a statement. “Adding a leading TIF consultant in 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.”
No financial details of the acquisition were released.
KMA was founded in 1984 as an economic development and financial advisory services firm by Don Kane and Phil McKenna in Chicago, Illinois. It provides a range of financial advisory services for local economic development and public finance. The firm’s grasp of both private and public sector perspectives allows it to act as a liaison between public governing bodies and private companies, Ryan said in a statement.
Ryan said the acquisition will add eight professionals to its team, including founding partner Phil McKenna whose 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,” McKenna said in a statement. “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.”
In September, Ryan acquired the property tax and transfer pricing product lines of Thomson Reuters for an undisclosed amount—a move that G. Brint Ryan said makes the firm the largest property tax software provider in North America.
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