M&A Deal Summary

CBIZ Acquires BeyondPay

On December 16, 2020, CBIZ acquired business services company BeyondPay

Acquisition Highlights
  • This is CBIZ’s 27th transaction in the Business Services sector.
  • This is CBIZ’s 56th transaction in the United States.
  • This is CBIZ’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2020-12-16
Target BeyondPay
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

BeyondPay

Clinton, New Jersey, United States
BeyondPay, Inc. is a full-service human capital management and payroll service provider offering exceptional customer service, extensive technical product knowledge, and implementation services to small and mid-sized clients throughout the Mid-Atlantic. BeyondPay was founded in 1995 and is based in Clinton, New Jersey.

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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 56 of 69
Sector (Business Services) 27 of 36
Type (Add-on Acquisition) 50 of 62
State (New Jersey) 2 of 4
Country (United States) 56 of 68
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 ARC Consulting

San Francisco, California, United States

ARC Consulting LLC is a provider of specialized accounting and advisory services to high-growth companies. ARC's services include technical and transactional accounting, internal and external reporting, external audit preparation, systems implementation, process improvement, and IPO advisory and consulting. ARC Consulting LLC was founded in 2007 and is based in San Francisco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Borden Perlman Insurance Agency

Ewing, New Jersey, United States

Borden Perlman Insurance Agency, Inc. is a property and casualty insurance agency providing liability and risk management, with a specialty in sports programs and high-net-worth individuals, to mid-market clients throughout the U.S. Borden Perlman Insurance Agency is based in Ewing, New Jersey.

Buy -
Mergr

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