Altus Group Property Tax Sale 2025 Strategic Transaction

Altus Group announced the sale of its Property Tax business to Ryan, LLC for C$700 million in cash, marking a strategic pivot toward becoming a pure-play commercial real estate software and analytics platform. The transaction is expected to close in H1 2025 and will fund C$250 million in share buybacks, strengthen the balance sheet, and accelerate investments in the higher-growth Analytics business. Management targets FY2026 consolidated revenue growth in the high single digits with adjusted EBITDA margins of 24-26%.