SC&H Group’s State and Local Tax Division (SALT) Enters Non-Binding Agreement to be Acquired By Altus Group
November 21, 2014
The following is a post from CEO Ron Causey.
Today SC&H Group’s State and Local Tax division (SALT) has entered into a non-binding agreement to be acquired by Altus Group, a global provider of commercial real estate consulting and advisory services, software and data solutions. The deal has been announced, but is subject to additional due diligence, and is expected to close by December 1, 2014.
The reality is not much will change. We understand that team continuity is crucial to success, which is why our clients will continue to work with the same partners and team members they have come to know and trust. State and Local Tax services will be rendered by the same talented staff and dedication to clients gained from SC&H Group.
Our leadership will not change. I will remain CEO of SC&H Group. Our current Managing Director Todd Workman will continue in the same capacity at Altus. The division will become a strategic partner of SC&H Group, and will continue to operate out of SC&H headquarters in Sparks, MD and other designated State and Local Tax (SALT) office locations across the country.
As a result of our strong success across all business lines and the completion of this acquisition, we remain well positioned to continue our long-term growth trajectory.
We plan to invest in our employee stock ownership programs, explore other areas of value-added services that we can offer our clients, and focus on the strategic growth plans of each of our practices—audit and tax advisory, risk management, contract compliance audit services, business performance management, investment banking and advisory, and personal financial planning.
For all of our SALT employees, there will be a tremendous opportunity for growth. Altus is a true strategic partner who understands our business, and has a vision for expansion in the U.S. tax market. The company has the capital and desire to build out a dominate state and local tax practice, and will use the SC&H Group SALT team as the foundation for achieving this goal.
At SC&H Group, we will continue making our teams the top priority by helping them continually achieve excellence and exceed client expectations. We will provide the same services offered to our clients, today. SALT services will be offered through our partnership with Altus, and under the direction of the same teams our clients have grown to know and trust.
We look forward to continuing to be a valued partner to our clients during this exciting transition, and I welcome any questions, comments and feedback during this period of change. Please contact us here, or email firstname.lastname@example.org.