M&A Deal Summary

CBIZ Acquires Nation Smith Hermes Diamond

On October 18, 2004, CBIZ acquired business services company Nation Smith Hermes Diamond

Acquisition Highlights
  • This is CBIZ’s 4th transaction in the Business Services sector.
  • This is CBIZ’s 8th transaction in the United States.
  • This is CBIZ’s 2nd transaction in California.

M&A Deal Summary

Date 2004-10-18
Target Nation Smith Hermes Diamond
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Nation Smith Hermes Diamond

San Diego, California, United States
website
Nation Smith Hermes Diamond (NSHD) is an accounting and consulting firm.

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Buyer(S) 1

Buyer

CBIZ

Cleveland, Ohio, United States

website


Category Company
Founded 1987
Sector Business Services
Employees6,000
Revenue 1.1B USD (2021)
DESCRIPTION

CBIZ provides professional business services, products and solutions that help its clients grow and succeed by better managing their finances and employees. These services are provided to businesses of various sizes, as well as individuals, governmental entities and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ delivers its integrated services through the following three practice groups: Financial Services, Employee Services, and National Practices. By providing custom solutions that help clients manage their finances and employees, CBIZ enables its clients to focus their resources on their own core business and operational competencies. CBIZ was founded in 1987 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 8 of 64
Sector (Business Services) 4 of 34
Type (Add-on Acquisition) 8 of 57
State (California) 2 of 8
Country (United States) 8 of 63
Year (2004) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-18 Gallery Asset Management

United States

Gallery Asset Management, Inc. provides retirement plan consulting services to corporate clients and wealth management services to high net-worth individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-02 The TriMed Group

Flint, Michigan, United States

The TriMed Group provides billing services and in-house computer systems primarily to hospital- based physician practices and accounts receivable management and the implementation of sophisticated management systems for the medical profession.

Buy -