M&A Deal Summary

CBIZ Acquires Optumas

On June 4, 2021, CBIZ acquired business services company Optumas

Acquisition Highlights
  • This is CBIZ’s 30th transaction in the Business Services sector.
  • This is CBIZ’s 59th transaction in the United States.
  • This is CBIZ’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2021-06-04
Target Optumas
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Optumas

Scottsdale, Arizona, United States
Optumas specializes in providing actuarial services to state government health care agencies to assist in the administration of Medicaid programs. Optumas was founded in 2006 and is based in Scottsdale, Arizona.

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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 60 of 69
Sector (Business Services) 30 of 36
Type (Add-on Acquisition) 53 of 62
State (Arizona) 2 of 2
Country (United States) 59 of 68
Year (2021) 4 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Shea Labagh Dobberstein

San Francisco, California, United States

Shea Labagh Dobberstei is a provider of the full spectrum professional accounting, tax, and advisory services to privately held businesses, individuals, and nonprofit organizations throughout the San Francisco Bay area since 1944.

Buy -
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