Mergers & Acquisitions ·
Grant Thornton completes $5B acquisition of CBIZ; shares converted to $55 cash
CBZCBIZ, Inc.
Grant Thornton Advisors LLC completed its all-cash acquisition of CBIZ, Inc., with each outstanding share converting into the right to receive $55.00 per share in merger consideration. The transaction, valued at approximately $5 billion in enterprise value and funded through a combination of equity and debt financing, makes Grant Thornton the fifth-largest U.S. provider of professional services, tax, and advisory offerings. CBIZ became a wholly owned subsidiary of Parent, an affiliate of Grant Thornton, and its common stock ceased trading on the New York Stock Exchange immediately upon closing. The company operates in the professional services industry, providing accounting, tax, advisory, and insurance services.