Bell Nunnally advised Dallas-based global tax services and software provider Ryan, LLC in its recent acquisition of Washington, D.C.-based MacRostie Historic Advisors, LLC (MHA), a consultancy that advises developers on the application process for historic tax credits (HTC), including those seeking additional equity for historic rehabilitation projects. MHA was founded in 2004 by nationally recognized HTC advisor Bill MacRostie and has since grown into one of the nation’s largest and most-successful firms dedicated to HTCs.
In a press release announcing the deal, Ryan noted, “This strategic acquisition will further strengthen Ryan’s expertise in HTC consulting and expand the service offerings in the Firm’s Credits and Incentives and Property Tax practices.”
“The strength and success MHA has had for nearly two decades in the HTC consulting space cannot be overstated,” said Ryan Chairman and CEO G. Brint Ryan in the deal’s release. “They are a strong complement to our existing Credits and Incentives and Property Tax practices and will expand the Firm’s offerings by identifying HTC opportunities and additional savings for our current and future clients.”
The Bell Nunnally deal team was comprised of Partner Larry L. Shosid and Associate Khaki A. Scrivner.
To read the deal’s press release, please click here.