AcquisitionsJul 29, 2026, 08:17 AM
CBIZ Acquired by Grant Thornton Advisors for $5B; Shareholders Get $55/Share
AI Summary
CBIZ, Inc. announced it has entered into a definitive agreement to be acquired by Grant Thornton Advisors LLC in an all-cash transaction with an enterprise value of $5 billion. CBIZ shareholders will receive $55.00 per share, representing a 54% premium over the 30-day volume-weighted average share price. The acquisition, supported by an incremental equity investment from New Mountain Capital, is set to create the fifth-largest professional services, tax, and advisory provider in the U.S. Additionally, CBIZ's Benefits and Insurance Services segment will be spun off as an independent company.
Key Highlights
- Grant Thornton Advisors LLC to acquire CBIZ, Inc. in an all-cash transaction.
- Enterprise value of the acquisition is $5 billion.
- CBIZ shareholders will receive $55.00 in cash per share.
- The offer represents a premium of approximately 54% to CBIZ's 30-day volume-weighted average share price.
- New Mountain Capital will invest incremental equity to support the transaction.
- The combined entity is expected to become the fifth-largest U.S. professional services provider with over $5 billion in annual domestic revenue.
- CBIZ's Benefits and Insurance Services segment will be separated into a new stand-alone entity.
- The transaction is expected to close in the fourth quarter of 2026, subject to approvals.
Price Impact
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