CBZ - Mergers and acquisitions

EXPECTED COMBINED ANNUALIZED REVENUE OF ~$2.8B CLEVELAND, Nov. 1, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) (the "Company"), a leading national professional services advisor, today announced it has completed the acquisition of the non-attest business of Marcum LLP ("Marcum"), with expected combined annualized revenue of approximately $2.8 billion. The transaction makes CBIZ the largest full-service professional services advisor of its kind in the U.S. providing accounting, tax, advisory, benefits, insurance, and technology services, primarily to middle-market businesses. Conc

CLEVELAND, Feb. 7, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired tax and accounting service provider, Erickson, Brown & Kloster, LLC (EBK), of Colorado Springs, CO, effective February 1, 2024. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of EBK. Founded in 1984, EBK provides tax and accounting services to a diverse mix of businesses including a

CLEVELAND, July 5, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired American Pension Advisors, Ltd. ("APA") of Indianapolis, IN, effective July 1, 2023. Founded in 1997, APA provides full-service retirement plan consulting and administration assisting more than 1,200 clients in the design, implementation, and administration of all types of retirement plans including 401(k), 403(b), 457(b), defined benefit and cash balance. APA has 14 employees and approximately $2.9 million in revenue. Jerry Grisko, President and CEO of CBIZ, said, "The acquisition of American Pension Advisors br

CLEVELAND, June 5, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired information security consulting firm, Pivot Point Security ("PPS"), of Hamilton, NJ, effective June 1, 2023. Founded in 2001, PPS helps small and middle market businesses navigate the complex challenges of information security and compliance. These services include certification and compliance preparation work for the most important U.S. and international regulatory frameworks, gap analyses, such as vulnerability assessments, penetration testing, and vendor risk management, and other consulting services such as o

CLEVELAND, Feb. 2, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired the non-attest assets of Somerset CPAs and Advisors ("Somerset") of Indianapolis, IN, effective February 1, 2023. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of Somerset CPAs and Advisors. Somerset has been providing accounting, tax, and financial advisory services to clients in a wide array of industries for more than 60 years. With additional offices in Michigan City, and Fort Wayne, IN,

CLEVELAND, July 8, 2022 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired Stinnett & Associates ("Stinnett") of Tulsa, Oklahoma, effective July 1, 2022. Founded by Melinda Stinnett in 2001, Stinnett is a professional advisory firm and certified Women's Business Enterprise providing internal audit, Sarbanes-Oxley compliance, cybersecurity reviews, business continuity and disaster recovery, and fraud investigations to businesses of all sizes including Fortune 1000 organizations in a variety of industries. With offices in Tulsa, Oklahoma City, Dallas, Houston, San Antonio and Denver, Stin

CLEVELAND, Sept. 1, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced its wholly-owned subsidiary CBIZ MHM Northern California, LLC has acquired the non-attest assets of Shea Labagh Dobberstein ("SLD") of San Francisco, California, effective September 1, 2021. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm, announced the acquisition of the attest assets of SLD. CBIZ, Inc. and Mayer Hoffman McCann P.C. are parties to an alternative practice structure. The two companies are separate and independent legal entities that work together to serve clients' busine

CLEVELAND, June 4, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of Schramm Health Partners, LLC dba Optumas ("Optumas") of Scottsdale, Arizona, effective June 1, 2021. Founded in 2006, Optumas specializes in providing actuarial services to state government health care agencies to assist in the administration of Medicaid programs. Optumas has 33 employees and approximately $10.9 million in annual revenue. This acquisition enhances opportunities to broaden the scope of services offered by Optumas and CBIZ to their respective government health care clients. Jerry Grisko, President and CE

CLEVELAND, April 29, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced its wholly-owned subsidiary CBIZ Accounting, Tax & Advisory of Washington, LLC has acquired the non-attest assets of Berntson Porter & Company PLLC ("Berntson Porter") of Bellevue, Washington, effective May 1, 2021. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm, announced the acquisition of the attest assets of Berntson Porter. CBIZ, Inc. and Mayer Hoffman McCann P.C. have an alternative practice structure. The two companies are separate and independent legal entities that work together to s

CLEVELAND, Jan. 11, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of Middle Market Advisory Group ( "MMA") from Richey May & Co. ("RMC") of Englewood, CO, effective January 1, 2021. MMA provides tax compliance and consulting services to middle market companies and family groups in the real estate, automotive, technology and SAAS, construction, and manufacturing industries. MMA has 26 employees and approximately $3.6 million in annual revenue. Jerry Grisko, President and CEO of CBIZ, stated, "We are excited to have the team at MMA join our rapidly growing Colorado practice. This talen

CLEVELAND, Jan. 4, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of Borden Perlman Insurance Agency, Inc. ("BP") of Ewing, NJ, effective December 31, 2020. Founded more than 100 years ago, BP is a fourth generation family-owned property and casualty insurance agency providing liability and risk management, with a specialty in sports programs and high-net-worth individuals, to mid-market clients throughout the U.S. BP has 65 employees with approximately $16 million in annual revenue. Jerry Grisko, President and CEO of CBIZ, stated, "Our property and casualty business is among our hig

CLEVELAND, Dec. 16, 2020 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of substantially all the assets of  BeyondPay, Inc., of Clinton, NJ, effective December 1, 2020. Founded in 1995, BeyondPay is a full-service human capital management and payroll service provider offering exceptional customer service, extensive technical product knowledge and implementation services to small and mid-sized clients throughout the Mid-Atlantic. BeyondPay has 40 employees with approximately $4.6 million in annual revenue. Jerry Grisko, President and CEO of CBIZ, stated, "We are excited to welcome Chris an