M&A Deal Summary

CBIZ Acquires CompuData

On March 6, 2024, CBIZ acquired information technology company CompuData

Acquisition Highlights
  • This is CBIZ’s 2nd transaction in the Information Technology sector.
  • This is CBIZ’s 67th transaction in the United States.
  • This is CBIZ’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-03-06
Target CompuData
Sector Information Technology
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

CompuData

Philadelphia, Pennsylvania, United States
CompuData is a technology solutions provider for small and midsize organizations. They provide cloud computing, accounting ERP software, managed IT and security to clients with the tools to scale, protect, and streamline their organizations. CompuData was formed in 1971 and is based in Philadelphia, Pennsylvania.

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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 68 of 69
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 61 of 62
State (Pennsylvania) 5 of 5
Country (United States) 67 of 68
Year (2024) 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Marcum

New York, New York, United States

Marcum is an accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high-net-worth individuals achieve their goals. The firm's industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies and nonprofit and social sector organizations. It also provides a full complement of technology, wealth management, and executive search and staffing services. Marcum is headquartered in New York City.

Buy $2.3B
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