M&A Deal Summary

CBIZ Acquires PSA Insurance Defined Benefit Actuarial Consulting Practice

On December 22, 2011, CBIZ acquired insurance company PSA Insurance Defined Benefit Actuarial Consulting Practice from PSA Insurance & Financial Services

Acquisition Highlights
  • This is CBIZ’s 11th transaction in the Insurance sector.
  • This is CBIZ’s 21st transaction in the United States.

M&A Deal Summary

Date 2011-12-22
Target PSA Insurance Defined Benefit Actuarial Consulting Practice
Sector Insurance
Buyer(s) CBIZ
Sellers(s) PSA Insurance & Financial Services
Deal Type Divestiture

Target

PSA Insurance Defined Benefit Actuarial Consulting Practice

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

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Buyer(S) 1

Buyer

CBIZ

Independence, Ohio, United States

Category Company
Founded 1987
Sector Business Services
Employees10,000
Revenue 1.8B USD (2024)
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 Independence, Ohio.


DEAL STATS #
Overall 21 of 69
Sector: Insurance M&A 11 of 29
Type: Divestiture M&A Deals 1 of 7
Country: United States M&A 21 of 68
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Advantage Benefit Employee Benefits & Retirement Book Of Business

United States

Advantage Benefit Employee Benefits & Retirement Book Of Business provides outstanding benefits consultation and customer services.

Buy -

Seller(S) 1

SELLER

PSA Insurance & Financial Services

Hunt Valley, Maryland, United States

Category Company
Founded 1928
Sector Insurance
DESCRIPTION

PSA Insurance & Financial Services, Inc. is a provider of insurance, employee benefits, retirement plans and wealth management services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-09 Alliance Benefit Group MidAtlantic

Baltimore, Maryland, United States

Alliance Benefit Group MidAtlantic LLC is a provider of retirement plan consulting, daily valuation administration, actuarial and ancillary support services.

Buy -