M&A Deal Summary

CBIZ Acquires EBK

On February 7, 2024, CBIZ acquired financial services company EBK

Acquisition Highlights
  • This is CBIZ’s 2nd transaction in the Financial Services sector.
  • This is CBIZ’s 66th transaction in the United States.
  • This is CBIZ’s 4th transaction in Colorado.

M&A Deal Summary

Date 2024-02-07
Target EBK
Sector Financial Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

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.

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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 67 of 69
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 60 of 62
State (Colorado) 4 of 4
Country (United States) 66 of 68
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 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.

Buy -