CBIZ acquires rival firm in $2.3 billion deal.

TLDR:

CBIZ, an Independence-based accounting firm, has announced a $2.3 billion acquisition of rival firm Marcum. This deal will make CBIZ the seventh largest accounting and financial services firm in the U.S, with approximately $2.8 billion in yearly revenue and over 10,000 employees.

Key Elements:

• CBIZ acquires Marcum in $2.3 billion deal
• Combined company to be seventh largest in the U.S
• Approximately $2.8 billion in yearly revenue and over 10,000 employees
• Both firms offer financial, insurance, and advisory services to clients

CBIZ’s acquisition of Marcum will significantly bolster their position in the market and enhance the range of services they can offer to clients. The deal highlights the ongoing consolidation trend in the accounting and financial services industry.