Mergers & Acquisitions ·
CBIZ, Inc. announced second-quarter and first-half 2026 financial results alongside a definitive merger agreement to…
CBZCBIZ, Inc.
CBIZ, Inc. announced second-quarter and first-half 2026 financial results alongside a definitive merger agreement to be acquired by Grant Thornton U.S., backed by New Mountain Capital. The all-cash transaction values CBIZ at $5.0 billion enterprise value, or $55.00 per share, with closing expected in the fourth quarter of 2026 subject to shareholder and regulatory approvals. Upon completion, CBIZ will delist from the NYSE and become a private company. For the three months ended June 30, 2026, total revenue was $682 million, down 0.2%, while net income fell 55.6% to $19 million and adjusted diluted EPS declined 8.1% to $0.91. First-half revenue reached $1,531 million, up 0.6%, with net income rising 4.1% to $171 million. Due to the transaction, CBIZ withdrew its fiscal 2026 financial guidance and cancelled its earnings conference call. CBIZ operates as a leading national professional services advisor providing accounting, tax, advisory, benefits, insurance, and technology solutions to middle-market businesses.