DALLAS, Nov. 2, 2015 /PRNewswire/ -- Ryan, a leading global tax services firm, has acquired TransAmerican Asset Servicing Group, LLC, a market leader in unclaimed property services based in Elmsford, New York. This acquisition adds a team of highly qualified abandoned and unclaimed property (AUP) experts specializing in search and location services for leading financial institutions and other major corporations. A key strategic component in the transaction is TransAmerican's proven proprietary workflow technology system for efficient management of the entire lifecycle for identifying lost holders and reuniting them with their property. This acquisition will drive the continued growth of Ryan's rapidly expanding AUP Search and Location business. It also adds service capabilities and market share to Ryan's AUP practice, which is one of the largest practices of its kind in the United States.
"TransAmerican Asset Servicing Group adds specialized search and location expertise backed by a proven history of reuniting more than $6 billion of lost assets to their rightful owners," said G. Brint Ryan, Chairman and CEO of Ryan. "Our AUP clients will greatly benefit from the added value and broader expertise that our newly combined team of AUP professionals will provide."
TransAmerican Asset Servicing Group is a 20-year-old company that offers a range of unclaimed property consulting services that include search and location, escheat management, risk mitigation, and regulatory compliance. Under the leadership of Chief Operating Officer Edward Agabs, the company became a significant player in the search and location services space.
"As the preeminent AUP practice in the country, we are thrilled to welcome the talented team at TransAmerican to support our continued growth," said Mark A. Paolillo, Ryan Principal and Abandoned and Unclaimed Property Practice Leader. "This positions Ryan's AUP practice as the only true end-to-end provider of unclaimed property services that include advisory, compliance reporting, asset recovery, and the industry-leading Tracker software application."
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.
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