M&A Deal Summary

CBIZ Acquires Rognstad s

On September 3, 2014, CBIZ acquired insurance company Rognstad s

Acquisition Highlights
  • This is CBIZ’s 23rd transaction in the Insurance sector.
  • This is CBIZ’s 36th transaction in the United States.
  • This is CBIZ’s 1st transaction in Idaho.

M&A Deal Summary
Date 2014-09-03
Target Rognstad s
Sector Insurance
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Rognstad s

Lewiston, Idaho, United States
Sattler Insurance Agency provides property and casualty, personal, and life insurance services, with a specialty in outdoor recreation insurance, to businesses across the U.S.

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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 36 of 69
Sector (Insurance) 23 of 29
Type (Add-on Acquisition) 33 of 62
State (Idaho) 1 of 1
Country (United States) 36 of 68
Year (2014) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Lewis Birch & Ricardo

Tampa Bay, Florida, United States

Lewis, Birch & Ricardo, LLC is a professional tax, accounting and consulting service provider with significant experience and expertise in matrimonial and family law litigation support, not-for-profit entities and healthcare provider services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Weekes & Callaway

Delray Beach, Florida, United States

Weekes & Callaway, Inc. is an independently owned insurance agencies in South Florida. W&C is a full service insurance brokerage firm offering clients a complete line of services including commercial lines, personal lines, risk management, and employee benefits.

Buy -
Mergr

Product

Company

Legal