M&A Deal Summary

CBIZ Acquires APA

On July 1, 2023, CBIZ acquired business services company APA

Acquisition Highlights
  • This is CBIZ’s 35th transaction in the Business Services sector.
  • This is CBIZ’s 65th transaction in the United States.
  • This is CBIZ’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2023-07-01
Target APA
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

APA

Indianapolis, Indiana, United States
APA provides full-service retirement plan consulting and administration assisting more than 1,200 clients in the design, implementation, and administration of all types of retirement plans including 401(k), 403(b), 457(b), defined benefit and cash balance. APA was founded in 1997 and is based in Indianapolis, Indiana.

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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 66 of 69
Sector (Business Services) 35 of 36
Type (Add-on Acquisition) 59 of 62
State (Indiana) 2 of 2
Country (United States) 65 of 68
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Pivot Point Security

Hamilton, New Jersey, United States

Pivot Point Security is an information security consulting firm, that helps small and middle-market businesses navigate the complex challenges of information security and compliance. These services include certification and compliance preparation work for the most important U.S. and international regulatory frameworks, gap analyses, such as vulnerability assessments, penetration testing, and vendor risk management, and other consulting services such as outsourced virtual Chief Information Security Officer. Pivot Point Security was founded in 2001 and is based in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 EBK

Colorado Springs, Colorado, United States

EBK provides tax and accounting services to a diverse mix of businesses including automotive, wholesale, medical services, real estate, manufacturing, and non-profit. EBK was formed in 1984 and is based in Colorado Springs, Colorado.

Buy -
Mergr

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Company

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