M&A Deal Summary

CBIZ Acquires Alliance Insurance Services

On February 5, 2020, CBIZ acquired insurance company Alliance Insurance Services

Acquisition Highlights
  • This is CBIZ’s 27th transaction in the Insurance sector.
  • This is CBIZ’s 52nd transaction in the United States.
  • This is CBIZ’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2020-02-05
Target Alliance Insurance Services
Sector Insurance
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Alliance Insurance Services

Washington, District of Columbia, United States
Alliance Insurance Services, Inc. is an independent insurance agency providing property and casualty insurance as well as personal lines to small and midsized clients across many industries including charter schools, real estate, construction, and technology in the DC metro area.

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Buyer(S) 1

Buyer

CBIZ

Cleveland, Ohio, United States
Category Company
Founded 1987
Sector Business Services
Employees6,700
Revenue 1.6B USD (2023)
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 52 of 69
Sector (Insurance) 27 of 29
Type (Add-on Acquisition) 46 of 62
State (District of Columbia) 1 of 1
Country (United States) 52 of 68
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 QBA Benefits

Westlake, Ohio, United States

QBA Benefits LLC is an employee benefits agency serving small and mid-sized clients across many industries including service, technology, energy, and manufacturing. QBA Benefits LLC was founded in 2018 and is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Pension Dynamics

Pleasant Hill, California, United States

Pension Dynamics Co. LLC is a full-service retirement and benefits plan advisor providing a wide array of plans including 401(k), 403(b), 457(b), defined benefit, cash balance, profit sharing, and flex, COBRA, health reimbursement and commuter plans. Pension Dynamics was founded in 1979 and is based in Pleasant Hill, California.

Buy -
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