M&A Deal Summary

CBIZ Acquires Tofias PC

On December 31, 2008, CBIZ acquired business services company Tofias PC

Acquisition Highlights
  • This is CBIZ’s 10th transaction in the Business Services sector.
  • This is CBIZ’s 18th transaction in the United States.
  • This is CBIZ’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-12-31
Target Tofias PC
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Tofias PC

Cambridge, Massachusetts, United States
website
Tofias PC offer accounting, tax and financial advisory services to privately-held and public companies as well as high net worth individuals.

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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 18 of 64
Sector (Business Services) 10 of 34
Type (Add-on Acquisition) 18 of 57
State (Massachusetts) 1 of 2
Country (United States) 18 of 63
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 Kane Hoffman and Danner P.A.

New York, New York, United States

Kane, Hoffman and Danner, P.A. operates as a public accounting and management consulting company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Thompson Dunavant

Memphis, Tennessee, United States

Thompson Dunavant provides tax and financial consulting services to clients ranging in size from small closely-held businesses to large multi-national businesses in a variety of industries.

Buy -