CBIZ acquires Marcum LLP

CBIZ acquired Marcum LLP for ~$2.3 billion aggregate consideration (~$1.1B cash + ~14.4M CBIZ shares); $1,997.8M total consideration recognized under ASC 805 ($1,063.0M cash + $934.7M stock, 13.6M shares), a transaction announced in November 2024.

CBIZ's largest-ever acquisition, roughly doubling the firm; brought Marcum's non-attest accounting and advisory business (with attest assets bought by affiliated CBIZ CPAs P.C.) to expand the breadth and depth of CBIZ's national professional-services portfolio.

CBIZ's largest-ever acquisition, roughly doubling the firm; brought Marcum's non-attest accounting and advisory business (with attest assets bought by affiliated CBIZ CPAs P.C.) to expand the breadth and depth of CBIZ's national professional-services portfolio.

The aggregate consideration to be paid by the Company in connection with the Transaction is approximately $2.3 billion, on a cash-free and debt-free basis... of which approximately $1.1 billion is expected to be paid in cash and the remainder is expected to be paid in approximately 14.4 million shares of the Company's Common Stock.

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.