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CBIZ Completes Acquisition of Marcum, Becoming U.S. Leader in Full-Service Professional Services
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Subscribe04 NOV 2024 / M&A UPDATES
Cleveland-based firm CBIZ has acquired New York-based Marcum LLP in a $2.3 billion deal, making it the largest full-service professional services provider in the U.S. for middle-market businesses. The merger, predicted to increase CBIZ's adjusted earnings per share by approximately 10% in 2025, expands the company's service offerings and capabilities, positioning it for accelerated growth and increased investment in technology.
CBIZ, a Cleveland-based firm with FY23 net revenue of $1.35 billion, has successfully completed its acquisition of Marcum LLP, a New York-based firm with FY23 net revenue of $1.32 billion. The deal, valued at $2.3 billion, positions CBIZ as the largest fu...
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