Grant Thornton Advisors completes acquisition of CBIZ
Key Highlights
- ➤$5 billion enterprise-value acquisition of CBIZ completed by Grant Thornton Advisors
- ➤CBIZ common stock (NYSE: CBZ) ceased trading after becoming wholly owned
- ➤Combined platform exceeds $7 billion annual revenue and 34,500 professionals
- ➤Combination creates fifth-largest U.S. professional-services provider with over $5 billion domestic revenue
- ➤CBIZ Benefits & Insurance Services established as independent company backed by New Mountain Capital
Expert Statements
Jim Peko, Chief Executive Officer of Grant Thornton Advisors
“Today, we bring together two firms with complementary capabilities and a shared commitment to incredible client service.”
Jim Peko, Chief Executive Officer of Grant Thornton Advisors
“CBIZ’s strong U.S. relationships and industry knowledge, combined with our expertise, multinational reach and investment in technology, give us a powerful formula for serving clients no matter how complex their needs.”
Jim Peko, Chief Executive Officer of Grant Thornton Advisors
“Our focus now is on bringing together the best of both organizations to help our clients achieve even greater success, while opening new paths for our people to grow and thrive.”
Andre Moura, Managing Director at New Mountain Capital
“This transaction significantly expands a platform that already had strong momentum, fueled by exceptional talent, leading AI resources and deep access to capital.”
Andre Moura, Managing Director at New Mountain Capital
“We’re proud to support Grant Thornton Advisors with additional resources to empower our people to win in the market and deliver the highest quality work.”
Andre Moura, Managing Director at New Mountain Capital
“Together, Grant Thornton Advisors and CBIZ will be stronger than ever with greater reach and enhanced capabilities to serve a wide range of clients at every stage of growth.”
Nikhil Devulapalli, Managing Director at New Mountain Capital
“Grant Thornton Advisors and CBIZ together have broad reach and impressive capabilities that are singular in the accounting and consulting space.”
Nikhil Devulapalli, Managing Director at New Mountain Capital
“Today, Grant Thornton Advisors is in a stronger position than ever to serve its clients and create meaningful opportunities for its partners and professionals.”
Combination creates the fifth-largest U.S. provider of professional services, tax and advisory offerings
All-cash transaction with enterprise value of $5 billion bolsters Grant Thornton Advisors’ cross-border, technology and industry capabilities
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