CBIZ - M&A Summary and Business Overview

Business ServicesCompany

CBIZ M&A Summary

CBIZ has acquired 68 companies, including 21 in the last 5 years. It has also divested 3 assets.

CBIZ’s largest acquisition to date was in 2019, when it acquired Paydayta for -. It’s largest disclosed sale occurred in 2013, when it sold Medical Management Professionals to Zotec Partners for $200M. CBIZ has acquired in 28 different US states, and 2 countries. The Company’s most targeted sectors include business services (52%) and insurance (43%).

CBIZ Business Overview

Where is CBIZ headquartered?

CBIZ is headquartered in Cleveland, Ohio.

What is CBIZ’s revenue?

CBIZ disclosed revenue of 1,412M USD for 2022 and 1,105M USD for 2021.

How many employees does CBIZ have?

CBIZ has 6,500 employees.

What sector is CBIZ in?

CBIZ is a business services company.

When was CBIZ founded?

CBIZ was founded in 1987.

M&A Summary

  • M&A Total Activity71
    • M&A Buy Activity68
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10

CBIZ

CBIZ, Inc.

6801 Brecksville Road Door N. Independence,
Cleveland, Ohio 44131
United States,
(216) 447-9000
www.cbiz.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.4/yr) # 51 5 5 2 3 2 68
Sell (0.2/yr) # 2 1 - - - - 3
vol $200M $200M
  71

Most Recent M&A

Company Date Value Type
CompuData Inc. 2024-03-06 - Add-on Acquisition
Philadelphia, Pennsylvania · www.compudata.com
Erickson, Brown & Kloster LLC 2024-02-07 - Add-on Acquisition
Colorado Springs, Colorado · www.ebkcpa.com
American Pension Advisors Ltd. 2023-07-01 - Add-on Acquisition
Indianapolis, Indiana · www.apapensions.com
Pivot Point Security, Inc. 2023-06-05 - Add-on Acquisition
Hamilton, New Jersey · www.pivotpointsecurity.com
Somerset CPAs and Advisors 2023-02-02 - Add-on Acquisition
Indianapolis, Indiana · www.somersetcpas.com
Stinnett & Associates, Inc. 2022-07-01 - Add-on Acquisition
Tulsa, Oklahoma · www.stinnett-associates.com
Marks Paneth LLP 2022-01-10 - Add-on Acquisition
New York, New York · www.markspaneth.com
Shea Labagh Dobberstein Certified Public Accountants, Inc. 2021-09-01 - Add-on Acquisition
San Francisco, California · www.sldcpa.com
Schramm Health Partners LLC 2021-06-04 - Add-on Acquisition
Scottsdale, Arizona · www.optumas.com
Berntson Porter & Company, PLLC 2021-04-29 - Add-on Acquisition
Bellevue, Washington · www.bpcpa.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 35 (51%) - 2 (67%) 200M (100%)
Insurance 29 (43%) - 1 (33%) -
Financial Services 2 (3%) - - -
Information Technology 2 (3%) - - -
Total 68 - 3 $200M

By Geo

State/Country Buy Value Sell Value
United States 67 - 3 200M
  California 8 - - -
  Florida 6 - - -
  Pennsylvania 5 - - -
  Colorado 4 - - -
  New Jersey 4 - - -
  Georgia 3 - - -
  Missouri 3 - - -
  Tennessee 2 - 1 200M
  Ohio 2 - 1 -
  Indiana 2 - - -
  Arizona 2 - - -
  New York 2 - - -
  Minnesota 2 - - -
  Massachusetts 2 - - -
  Maryland 2 - - -
  Idaho 1 - - -
  District of Columbia 1 - - -
  Connecticut 1 - - -
  Alabama 1 - - -
  Virginia 1 - - -
  Utah 1 - - -
  Texas 1 - - -
  Rhode Island 1 - - -
  Oklahoma 1 - - -
  North Carolina 1 - - -
  Michigan 1 - - -
  Kansas 1 - - -
United Kingdom 1 - - -
  Washington 1 - - -
Domestic 67 (99%) - 3 (100%) 200M (100%)
Cross-border 1 (1%) - - -
Total 68 - 3 $200M

Deal Values

buy # Total
TOTAL -
Largest Paydayta, Inc.
- (2019-07-02)
sell # Total
$100M to $1B 1 $200M
TOTAL $200M
Largest Medical Management Professionals, Inc.
$200M (2013-09-03)

M&A Connections

Deals
Acquired from
Strategic(s)
10%
7 (10%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Business Services

Revenue

1,412   28% 2022
1,105   15% 2021
964   2% 2020
948   3% 2019
922   8% 2018
855   7% 2017
800   7% 2016
750   5% 2015
719   7% 2014
677   11% 2013
612   2012
(millions of USD) Show More Show Less

Employees

6,500

Established

1987

Public

NYSE: CBZ

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