M&A Deal Summary

CBIZ Acquires Paytime

On July 2, 2019, CBIZ acquired business services company Paytime

Acquisition Highlights
  • This is CBIZ’s 22nd transaction in the Business Services sector.
  • This is CBIZ’s 49th transaction in the United States.
  • This is CBIZ’s 1st transaction in Ohio.

M&A Deal Summary

Date 2019-07-02
Target Paytime
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Paytime

Cleveland, Ohio, United States
website
Paydayta, Inc. is a payroll service provider. Paydayta, Inc. was founded in 1981 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

CBIZ

Cleveland, Ohio, United States

website


Category Company
Founded 1987
Sector Business Services
Employees6,500
Revenue 1.4B USD (2022)
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 49 of 68
Sector (Business Services) 22 of 35
Type (Add-on Acquisition) 43 of 61
State (Ohio) 1 of 2
Country (United States) 49 of 67
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 The Wenner Group

Greenwood Village, Colorado, United States

The Wenner Group LLC is a provider of accounting, tax and consulting services to small and mid-sized businesses. The Wenner Group was founded in 1961 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Brinig Taylor Zimmer

San Diego, California, United States

Brinig Taylor Zimmer, Inc. is a specialized financial consulting firm providing forensic accounting, litigation consulting and business valuation services to a wide range of clients from individuals to small businesses and large publicly traded entities.

Buy -