Corporation Service Company to Acquire MLM Information Services Including Corptax and Tax Compliance Inc. | LicenseHQ

Corporation Service Company to Acquire MLM Information Services Including Corptax and Tax Compliance Inc.

Corporation Service Company® (CSC®), a leading global business, legal and financial solutions provider, announced today that its parent company has signed a definitive agreement to acquire MLM Information Services, one of the industry’s foremost corporate tax management and compliance solutions firms, from Warburg Pincus, a leading global private equity firm.

MLM Information Services offers business solutions through its wholly owned subsidiaries, Corptax Inc. and Tax Compliance Inc. (TCI). Corptax and TCI provide software, information, and services to corporate tax departments and professional services firms that enable them to comply with regulatory requirements and streamline their business processes.

“The acquisition of MLM Information Services enhances our service capabilities and the solutions we offer our clients,” said Rodman Ward III, CSC president and CEO. “The union of these two complementary companies combines legal and tax compliance solutions, and it improves our offering in the corporate compliance business, which has been a cornerstone of our 112-year history of success.”

Corptax delivers mission-critical solutions for accurate tax accounting, preparation and reporting. TCI’s PTMS® platform is the tool-of-choice for corporate property tax compliance automation. Fortune 500® companies and businesses of all size currently depend on MLM Information Services’ corporate tax solutions, which will provide a strong complement to CSC’s business services and workflow solutions.

“CSC is a great match for MLM Information Services, with its complementary businesses and shared values,” said Mason Slaine, chairman of MLM Information Services. “The business will build off the success of its partnership with Warburg Pincus and continue its growth trajectory as part of CSC.”

“CSC and MLM Information Services share a dedication to excellence in business compliance solutions, and CSC believes in the MLM vision of a single system of record and process for tax,” said Dave Shea, MLM Information Services CEO. “By joining forces, we will combine our respective strengths to build a global compliance framework that is positioned to respond to the needs of a growing and rapidly changing marketplace.”

Wells Fargo Securities acted as financial advisors to CSC, and Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice. Willkie Farr & Gallagher LLP provided legal advice to Warburg Pincus and MLM Information Services.

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