M&A Deal Summary

CBIZ Acquires Marcum

On July 31, 2024, CBIZ acquired business services company Marcum for 2.3B USD

Acquisition Highlights
  • This is CBIZ’s 36th transaction in the Business Services sector.
  • This is CBIZ’s largest (disclosed) transaction.
  • This is CBIZ’s 68th transaction in the United States.
  • This is CBIZ’s 3rd transaction in New York.

M&A Deal Summary
Date 2024-07-31
Target Marcum
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Dechert (Legal)

Target

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.

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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 69 of 69
Sector (Business Services) 36 of 36
Type (Add-on Acquisition) 62 of 62
State (New York) 3 of 3
Country (United States) 68 of 68
Year (2024) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS 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.

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Company

Legal