M&A Deal Summary

CBIZ Acquires Richey May - Middle Market Advisory Group

On January 11, 2021, CBIZ acquired business services company Richey May - Middle Market Advisory Group from Richey May

Acquisition Highlights
  • This is CBIZ’s 28th transaction in the Business Services sector.
  • This is CBIZ’s 58th transaction in the United States.
  • This is CBIZ’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2021-01-11
Target Richey May - Middle Market Advisory Group
Sector Business Services
Buyer(s) CBIZ
Sellers(s) Richey May
Deal Type Divestiture

Target

Richey May - Middle Market Advisory Group

Englewood, Colorado, United States
Richey May & Co.'s Middle Market Advisory Group provides tax compliance and consulting services to middle-market companies and family groups in the real estate, automotive, technology and SAAS, construction, and manufacturing industries.

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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 58 of 69
Sector (Business Services) 28 of 36
Type (Divestiture) 7 of 7
State (Colorado) 3 of 4
Country (United States) 58 of 68
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Borden Perlman Insurance Agency

Ewing, New Jersey, United States

Borden Perlman Insurance Agency, Inc. is a property and casualty insurance agency providing liability and risk management, with a specialty in sports programs and high-net-worth individuals, to mid-market clients throughout the U.S. Borden Perlman Insurance Agency is based in Ewing, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Berntson Porter & Company

Bellevue, Washington, United Kingdom

Berntson Porter & Company provides comprehensive accounting and financial consulting services including tax, forensic, valuation, and transaction services. Berntson Porter serves a wide range of industries with specialties including construction, real estate, hospitality, manufacturing, service, wholesale distribution, and technology. Berntson Porter & Company was founded in 1985 and is based in Bellevue, Washington.

Buy -

Seller(S) 1

SELLER

Richey May

Englewood, Colorado, United States
Category Company
Founded 1985
Sector Business Services
DESCRIPTION

Richey May & Co. provides assurance, tax, business advisory services to clients throughout the United States. The company also provides IT consulting services through Richey May Technology Solutions division. Richey May has focused on serving clients in the financial services industry for over 30 years. It maintains specializations in the mortgage, commercial real estate, and alternative investment industries, and offer a wide range of tailored solutions to meet the needs of successful privately held companies and their owners. Richey May & Co. was formed in 1985 and is based in Englewood, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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