CBIZ to acquire non-attest business of Marcum, LLP to become the seventh-largest accounting services provider in the U.S.
CBIZ to acquire non-attest business of Marcum, LLP to become the seventh-largest accounting services provider in the U.S.
07/31/24, 11:11 AM
Location
clevelandnew yorkIndustry
insurance
financial services
cyber security
consulting
information technology
CBIZ, Inc. has entered into a definitive agreement to acquire the non-attest business of Marcum, LLP, which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue. The transaction is valued at approximately $2.3 billion with a cash-and-stock consideration. The acquisition is expected to strengthen CBIZ's presence in key markets and enable it to bring a broader array of high-value solutions to its combined client base.
Company Info
Location
Cleveland, Ohio, United States
Company info
CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle market businesses and organizations nationwide. With unmatched industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers forward-thinking insights and actionable solutions to help clients anticipate what's next and discover new ways to accelerate growth. CBIZ has more than 10,000 team members across more than 160 locations in 21 major markets coast to coast.