M&A Deal Summary

CBIZ Acquires Multiple Benefit Services

On August 1, 2011, CBIZ acquired insurance company Multiple Benefit Services

Acquisition Highlights
  • This is CBIZ’s 10th transaction in the Insurance sector.
  • This is CBIZ’s 20th transaction in the United States.
  • This is CBIZ’s 1st transaction in Georgia.

M&A Deal Summary

Date 2011-08-01
Target Multiple Benefit Services
Sector Insurance
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Multiple Benefit Services

Kennesaw, Georgia, United States
Multiple Benefit Services, Inc. provides employee benefit consulting, support and services to 80 clients ranging in size from Fortune 500 companies to those with fewer than 100 employees in a wide variety of industries both nationally and internationally.

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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 20 of 69
Sector (Insurance) 10 of 29
Type (Add-on Acquisition) 20 of 62
State (Georgia) 1 of 3
Country (United States) 20 of 68
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Thompson Dunavant

Memphis, Tennessee, United States

Thompson Dunavant provides tax and financial consulting services to clients ranging in size from small closely-held businesses to large multi-national businesses in a variety of industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 PSA Insurance Defined Benefit Actuarial Consulting Practice

United States

PSA Insurance Defined Benefit Actuarial Consulting Practice provide defined contribution plan services to its clientele.

Buy -