M&A Deal Summary

CBIZ Acquires Borden Perlman Insurance Agency

On January 4, 2021, CBIZ acquired insurance company Borden Perlman Insurance Agency

Acquisition Highlights
  • This is CBIZ’s 29th transaction in the Insurance sector.
  • This is CBIZ’s 57th transaction in the United States.
  • This is CBIZ’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2021-01-04
Target Borden Perlman Insurance Agency
Sector Insurance
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

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.

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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 57 of 69
Sector (Insurance) 29 of 29
Type (Add-on Acquisition) 51 of 62
State (New Jersey) 3 of 4
Country (United States) 57 of 68
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Richey May - Middle Market Advisory Group

Englewood, Colorado, United States

Richey May & Co.'s Middle Market Advisory Group provides tax compliance and consulting services to middle-market companies and family groups in the real estate, automotive, technology and SAAS, construction, and manufacturing industries.

Buy -
Mergr

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