Grant Thornton Acquires CBIZ in $5 Billion Cash Deal
Grant Thornton has agreed to acquire professional services firm CBIZ, Inc. (NYSE: CBZ) for an enterprise value of $5 billion through a cash transaction. Shareholders will receive $55 per share, representing a premium over recent stock prices and reflecting strong investor appeal. The deal is expected to position Grant Thornton as the fifth-largest provider in U.S. professional services with more than $5 billion in annual revenue. The combined entity would span 20 countries, generate nearly $7.5 billion annually, and employ around 34,500 professionals. New Mountain Capital will provide additional equity support for the transaction. Post-closing plans include spinning off CBIZ's benefits and insurance segment into a new firm backed by New Mountain. The acquisition is subject to shareholder approval and regulatory clearances, with an expected closing in Q4 2026.
Topics: accounting mergers and acquisitions professional services