DALLAS, Sept. 22, 2015 /PRNewswire/ -- Ryan, a leading global tax services firm, has acquired EnerTax Consultants L.P., an industry leader in severance tax consulting based in Houston, Texas. This acquisition adds a team of highly qualified tax specialists with proven experience reducing severance tax liabilities for large oil and gas exploration and production companies. It also adds a number of significant Fortune 500 relationships to Ryan's client portfolio and creates one of the largest practices of its kind in the United States.
Severance tax is incurred when natural resources are extracted ("severed") from the earth within a taxing jurisdiction. While crude oil and natural gas comprise the majority of severance tax collections in most jurisdictions, other resources such as coal, timber, and metals (including uranium) are often subject to severance tax as well.
"This strategic acquisition adds substantial capabilities to our Severance Tax practice to meet the increasing demand for Ryan's tax services in the oil and gas industry," said G. Brint Ryan, Chairman and CEO of Ryan. "Ryan and EnerTax clients will benefit tremendously from the unparalleled tax knowledge and expertise of our newly combined team of tax professionals, and we look forward to delivering them the highest levels of client service, value, and results."
Matthew Travis, Sloan Smalley, and Jonathon Travis, Partners of EnerTax Consultants L.P., will join Ryan as Principals. Matthew Travis, a former Ryan employee, will also assume the role of Ryan Severance Tax Practice Leader. Mr. Travis has more than 14 years of state tax experience with an emphasis on severance tax, well incentives, and tax return compliance. He will drive continued strong growth in the practice and will manage the delivery of Ryan's suite of severance tax services, which includes incentive identification and certification, drilling schedule reviews, compliance data scrubs, marketing cost deduction recalculation, tax reimbursement contract reviews, and adjustment notice consulting.
"My associates and I are thrilled to be joining forces with Ryan to provide world-class severance tax services to our long-standing clients," said Mr. Travis. "Ryan's core values and commitment to client service align closely with ours, and we are looking forward to serving new and existing clients as we build on our industry leadership position in severance tax consulting."
About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-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 multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
Logo - http://photos.prnewswire.com/prnh/20140716/127737
PRESS INFORMATION CONTACT:
Carol Vieira
Senior Manager, Public Relations and Communications
Ryan
401.871.7676
carol.vieira@ryan.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ryan-acquires-enertax-consultants-lp-300147022.html
SOURCE Ryan
