KANSAS CITY, Mo. & CLEVELAND--(BUSINESS WIRE)--CBIZ Benefits & Insurance Services today launched as a standalone company, backed by New Mountain Capital, a leading growth-oriented investment firm with over $60 billion in assets under management. The company operates independently of CBIZ, Inc. and Grant Thornton Advisors LLC. With more than 1,600 professionals and annual revenue that has grown ...
CHICAGO & CLEVELAND & NEW YORK--(BUSINESS WIRE)--Grant Thornton Advisors LLC (together with its affiliates, “Grant Thornton Advisors”), New Mountain Capital and CBIZ, Inc. (“CBIZ”) today announced that Grant Thornton Advisors completed its acquisition of CBIZ with an enterprise value of $5 billion. The combination creates the fifth-largest U.S. provider of professional services, tax and advisor...
Third-Quarter Financial Highlights: Total revenue of $702M, up 1.2%; Financial Services revenue up 1.2% Net income of $47M, up 56.7%; GAAP EPS of $0.79, up 64.6% Adjusted EBITDA of $132M, up 6.3%; Adjusted diluted EPS of $1.21, up 14.2% Nine Months Ended September 30, 2026 Financial Highlights: Total revenue of $2,233M, up 0.8%; Financial Services revenue up 1.1% Net income of $219M, up 12.2%;...
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers.
Shares of CBIZ CBZ surged about 17% on Wednesday after Grant Thornton Advisors agreed to acquire the accounting and advisory firm in a $5 billion all-cash deal, creating one of the largest professional services firms in the United States and extending a wave of consolidation sweeping through the accounting industry. Under the agreement, CBIZ shareholders will receive $55 per share in cash, repr...
Second-Quarter Financial Highlights: Total revenue of $682M, down 0.2%; Financial Services revenue down 0.2% Net income of $19M, down 55.6%; GAAP EPS of $0.31, down 53.0% Adjusted EBITDA of $103M, down 14.3%; Adjusted diluted EPS of $0.91, down 8.1% First-Half Financial Highlights: Total revenue of $1,531M, up 0.6%; Financial Services revenue up 1.1% Net income of $171M, up 4.1%; GAAP EPS of...
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