Grant Thornton Advisors completes acquisition of CBIZ
CBZ•Grant Thornton Advisors completed its all-cash acquisition of CBIZ at a $5 billion enterprise value. The combined organization has more than $7 billion in annual revenue and over 34,500 professionals.
1. Acquisition completed
Grant Thornton Advisors completed its all-cash acquisition of CBIZ at a $5 billion enterprise value. The combination creates the fifth-largest U.S. professional services, tax and advisory provider, with annual domestic revenue exceeding $5 billion and a multinational platform generating more than $7 billion in annual revenue, employing over 34,500 professionals. CBIZ common stock ceased trading on the New York Stock Exchange, and the combined organization will ultimately operate under the Grant Thornton brand. The Benefits & Insurance Services segment became an independent company backed by New Mountain Capital.
