M&A Deal Summary

CBIZ Acquires Stinnett

On July 1, 2022, CBIZ acquired business services company Stinnett

Acquisition Highlights
  • This is CBIZ’s 33rd transaction in the Business Services sector.
  • This is CBIZ’s 62nd transaction in the United States.
  • This is CBIZ’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2022-07-01
Target Stinnett
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Stinnett

Tulsa, Oklahoma, United States
Stinnett is a professional advisory firm and certified Women's Business Enterprise providing internal audit, Sarbanes-Oxley compliance, cybersecurity reviews, business continuity and disaster recovery, and fraud investigations to businesses of all sizes including Fortune 1000 organizations in a variety of industries. Stinnett was founded in 2001 and is based in Tulsa, Oklahoma.

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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 63 of 69
Sector (Business Services) 33 of 36
Type (Add-on Acquisition) 56 of 62
State (Oklahoma) 1 of 1
Country (United States) 62 of 68
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Marks Paneth

New York, New York, United States

Marks Paneth is a premier accounting firm with a team of nearly 700 professionals, the firm provides a full range of audit, accounting, tax, and consulting services, with specialties in business continuity, international tax, forensic accounting, litigation support, technology, family office, and financial advisory services. Marks Paneth was established in 1907 and is based in New York City.

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FOLLOWING 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.

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