MergerJul 29, 2026, 08:09 AM
CBIZ to be Acquired by Grant Thornton for $5.0B, or $55.00/share
AI Summary
CBIZ, Inc. announced a definitive merger agreement to be acquired by Grant Thornton in an all-cash transaction valued at $5.0 billion, or $55.00 per share. The acquisition, backed by New Mountain Capital, is expected to close in Q4 2026, after which CBIZ will become a private company and its stock will be delisted. Concurrently, CBIZ reported its Q2 2026 results, with total revenue down 0.2% to $682 million and GAAP EPS down 53.0% to $0.31. The company has canceled its earnings call and withdrawn its 2026 financial guidance due to the pending transaction.
Key Highlights
- CBIZ to be acquired by Grant Thornton for $5.0 billion enterprise value.
- Acquisition price is $55.00 per share in an all-cash transaction.
- Transaction expected to close in Q4 2026, pending approvals.
- CBIZ will become a private company and delist from NYSE.
- Q2 2026 total revenue was $682 million, down 0.2% YoY.
- Q2 2026 GAAP EPS was $0.31, a 53.0% decrease YoY.
- H1 2026 total revenue was $1,531 million, up 0.6% YoY.
- H1 2026 GAAP EPS was $2.83, a 9.7% increase YoY.
Price Impact
More from CBZ