Ryan, a Dallas-based tax services and software provider, has acquired MJI Consulting Group, a property tax advisory firm with clients in Western New York and Connecticut, in the latest in a string of deals in the property tax space.
MJI Consulting, based in Buffalo, New York, was founded in 2004 and specializes in property tax minimization services and performs reviews and analyses of property tax obligations for their clients.
Financial terms of the deal were not disclosed. Ryan ranked No. 8 on Accounting Today’s 2023 list of the Top Tax Firms, with over $820 million in annual revenue.
The deal comes after Ryan’s acquisition in April of RETC Group, a firm that specializes in the property tax space in North Texas, after other recent acquisitions of Marvin F. Poer and Co., Greystone Property Tax Advisors, Paradigm Tax Group, OneSource Property Tax from Thomson Reuters and Kurz Group..
“Our property tax practice has grown tremendously this past year,” said Ryan chairman and CEO G. Brint Ryan in a statement Monday. “The addition of MJI Consulting Group enhances our property tax capabilities and expands our market coverage in New York and surrounding states. We look forward to offering our new clients a full suite of innovative tax services and software solutions to further enhance their tax-saving opportunities.”
Photo: Shannon Faulk
As part of the deal, MJI president Paul Steimle will become a principal in Ryan’s property tax practice.
“I feel confident entrusting our clients to Ryan,” Steimle said in a statement. “Ryan is a well-known industry leader in client service, so I know our clients will continue to be in good hands and can expect the same high level of attention to detail, prompt communication, and successful results as they received from us for the past two decades.”
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