Grant Thornton Advisors to Acquire CBIZ for $3 Billion
The deal aims to combine two professional services firms in a move to enhance client services.
Business & Markets • 2 months ago
Grant Thornton Advisors has agreed to purchase CBIZ Inc. in an all-cash transaction valued at approximately $3 billion. The acquisition will see the professional services firm CBIZ taken private.
This move is expected to bring together the expertise of both firms, aiming to offer a broader range of services to clients. The deal's financial terms indicate a significant investment by Grant Thornton Advisors in expanding its market presence.
The transaction is subject to customary closing conditions, including regulatory approvals and the approval of CBIZ shareholders. Details regarding the integration timeline and specific service enhancements are anticipated following the completion of the acquisition.