McGuire Sponsel Acquires Export Assist

Indianapolis-based McGuire Sponsel, a national tax and consulting firm has acquired Export Assist, a leader in providing tax benefit programs to U.S. exporters.

Export Assist will continue to operate under its current name. Mark O’Dell and Tedder Schwarz, senior consultants at McGuire Sponsel, will lead Export Assist as principals.

Export Assist will continue its primary focus on interest charge domestic international sales corporation (IC-DISC). IC-DISCs provide a permanent tax savings opportunity for qualifying U.S. exporters to increase their ability to compete globally by reducing U.S. tax liabilities. Beyond tax reduction, an IC-DISC can be used to increase liquidity, supply ongoing financing, create management and employee incentives and eliminate double taxation.

“Export Assist enjoys a tremendous reputation, built by industry pioneer Joe Englert,” says T.J. Sponsel, McGuire Sponsel’s managing director. “Our acquisition seeks to build on his legacy and drive company growth utilizing McGuire Sponsel’s significant IC-DISC experience and national specialty tax expertise.”

“Export Assist clients understand the many benefits of IC-DISCs for their export operations,” says Sponsel. “We’re going to take those benefits to the next level, combining innovative strategies with a national support team of seasoned experts.”