Altus Group Purchases SC&H SALT Practice

Toronto, Ontario-based Altus Group Limited announced that it intends to acquire Sparks, Md.-based SC&H Group’s (FY13 net revenue of $57.7 million) SALT consulting practice. The acquisition of SC&H’s SALT practice will immediately increase Altus Group’s market share in US property tax services, making it one of the largest property tax advisors in the US and globally.

“The acquisition of SC&H Group’s SALT consultancy complements our strategy of expanding our property tax services in the US market, which we believe represents a compelling opportunity for growth, and allows us to better serve our large multi-national, cross-border clients,” says Bob Courteau, CEO of Altus Group. “The added scale in the US positions us as one of the largest property tax advisors globally, and enhances our global leadership with expertise to serve clients in Canada, the US and the UK.”

The SC&H SALT practice is comprised of approximately 93 professionals specializing in six different areas of SALT and advisory services, offering solutions that enable clients to proactively manage their tax liabilities, recover overpayments, address exposure risks and implement strategies that deliver meaningful benefits. With employees in Maryland, Virginia, Georgia, Arizona, Colorado, North Carolina, Pennsylvania and Florida, SC&H’s SALT consultancy will broaden Altus Group’s geographical reach in the US, especially in the eastern part of the country.

“Joining Altus Group represents an exciting opportunity to accelerate our strategic growth initiatives, which we believe will prove to be beneficial for both our employees and clients,” says Todd Workman, MP at SC&H SALT. “Altus Group’s global scale, complementary advisory services and innovative software and data solutions will enhance our offerings to our valued clients.”