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CBIZ identifies $15M in additional one-time legal expenses related to pending Grant Thornton acquisition
CBZCBIZ, Inc.
CBIZ, Inc. disclosed approximately $15 million in additional one-time legal expenses identified during quarter-end closing procedures for the period ended September 30, 2026. These costs were not reflected in the company's prior Form 8-K filed on October 19, 2026. The expense is expected to decrease net income by approximately $10.5 million on a net-of-tax basis but will not impact Adjusted Net Income (Loss), Adjusted Diluted EPS, or Adjusted EBITDA as the costs are added back as transactional and corporate project-related legal expenses. This disclosure was made in connection with potential debt financing for the pending acquisition of CBIZ by an affiliate of Grant Thornton. CBIZ provides business advisory, tax, and consulting services.