Grant Thornton Advisors Agrees to Acquire CBIZ in $5 Billion Deal
Grant Thornton Advisors has agreed to acquire CBIZ for $5 billion in an all-cash transaction, marking a significant step toward strengthening its position as one of the leading tax and advisory firms in the U.S. The deal is expected to create a combined entity with operations across more than 20 countries, generating nearly $7.5 billion in revenue and employing over 34,500 professionals globally. The merger aims to combine Grant Thornton Advisors' international platform capabilities with CBIZ's strong domestic client relationships, offering clients cross-border scale and multidisciplinary services enhanced by AI-driven technology solutions. The transaction is subject to regulatory approvals and shareholder consent and is expected to close in the fourth quarter of 2026. Under the terms of the deal, CBIZ shareholders will receive $55 per share in cash. Upon completion, CBIZ's benefits and insurance services segment will be separated into a new entity backed by New Mountain Capital.