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January 19.2026
2 Minutes Read

Neuberger Berman's $1.2 Billion Investment in Ryan LLC: What It Means

Neuberger Berman invests in Ryan LLC executive portrait.

Neuberger Berman's Strategic Investment in Ryan LLC

In a significant move in the financial services sector, Neuberger Berman has announced a minority stake acquisition in Ryan LLC, a Texas-based tax advisory and software provider, valued at approximately $7 billion. This partnership is set to reshape the future of tax services and offers insights into the growing importance of technology in the tax landscape.

Understanding Ryan LLC's Expertise

Founded by G. Brint Ryan, the company specializes in tax services and technology solutions for large multinational corporations. With over 74,000 clients spread across 80 countries, Ryan LLC stands as a leader in tax recovery services, assisting businesses in reassessing taxes across various jurisdictions. The firm's emphasis on technology-enabled tax compliance is particularly relevant in today’s complex regulatory environment.

The Overview of Neuberger Berman's Investment

Through its private equity arms, Neuberger Berman Capital Solutions and Neuberger Berman Private Markets, the firm plans to invest up to $1.2 billion in this deal. This investment is not only about capital; it also ensures that Ryan stays private and retains its leadership under G. Brint Ryan while bolstering its growth prospects. Neuberger Berman will gain two board seats in Ryan, demonstrating their commitment to the firm’s strategic vision.

Reinforcing Growth Through Collaboration

David Lyon, the head of Neuberger Berman Capital Solutions, expressed confidence in Ryan's position within the market. As tax regulations become increasingly complex, there is a growing demand for specialist firms like Ryan that combine expertise with technological innovation. This trend is expected to drive the firm’s growth in the coming years.

The Significance of This Partnership

This transaction highlights broader trends within the tax and advisory sectors. As firms invest in technologies that streamline compliance and enhance service capabilities, Ryan is well-positioned to become a key player in the global tax landscape. The partnership also aligns with the strategic goals of existing investors, Onex Corp and Ares Management Corp, who will have the opportunity to benefit from future growth.

Looking Ahead: What This Means for the Industry

The pending completion of this transaction, expected in the first half of 2026, will allow all parties involved to leverage their strengths. As Ryan advances its mission to enhance tax services through innovation and client focus, this investment could pave the way for more firms to follow suit, embracing technological solutions in their operations.

Final Thoughts: Embracing Change in Tax Services

For professionals in the tax and finance sectors, Neuberger Berman’s investment in Ryan LLC represents a pivotal moment for the industry, emphasizing the blending of technology with traditional tax advisory roles. As the business landscape evolves, firms that adapt alongside these changes will likely thrive, making strategic partnerships a vital component of sustained success.

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