M&A Deal Summary

CBIZ Acquires Pivot Point Security

On June 5, 2023, CBIZ acquired information technology company Pivot Point Security

Acquisition Highlights
  • This is CBIZ’s 1st transaction in the Information Technology sector.
  • This is CBIZ’s 64th transaction in the United States.
  • This is CBIZ’s 4th transaction in New Jersey.

M&A Deal Summary
Date 2023-06-05
Target Pivot Point Security
Sector Information Technology
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Pivot Point Security

Hamilton, New Jersey, United States
Pivot Point Security is an information security consulting firm, that helps small and middle-market businesses navigate the complex challenges of information security and compliance. These services include certification and compliance preparation work for the most important U.S. and international regulatory frameworks, gap analyses, such as vulnerability assessments, penetration testing, and vendor risk management, and other consulting services such as outsourced virtual Chief Information Security Officer. Pivot Point Security was founded in 2001 and is based in Hamilton, 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 65 of 69
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 58 of 62
State (New Jersey) 4 of 4
Country (United States) 64 of 68
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Somerset

Indianapolis, Indiana, United States

Somerset is an accounting, tax, and advisory firm focused on developing strong client relationships. The firm has expanded its client base and services, along with continued growth and mergers, which have made trusted and respected accounting firm in the region. It has access to BDO International, which gives the resources, services, and technical knowledge to provide professional support and expert advice for clients doing business internationally. Somerset was formed in 1960 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING 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.

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