Mergers & Acquisitions ·
On July 28, 2026, CBIZ, Inc. entered into a definitive Agreement and Plan of Merger to be acquired by Viking ParentCo…
CBZCBIZ, Inc.
On July 28, 2026, CBIZ, Inc. entered into a definitive Agreement and Plan of Merger to be acquired by Viking ParentCo, Inc., an affiliate of Grant Thornton Advisors LLC, in an all-cash transaction valued at approximately $5 billion in enterprise value. Under the terms, CBIZ shareholders will receive $55.00 per share in cash, representing a premium of approximately 54% to the stock's 30-day volume-weighted average price. The Board unanimously approved and recommended the merger, which is expected to close in the fourth quarter of 2026 subject to shareholder approval, Hart-Scott-Rodino clearance, and other customary conditions. New Mountain Capital committed $5.2 billion in financing to support the acquisition. Concurrently, CBIZ adopted a Change in Control Severance Plan and transaction bonus programs for eligible employees and named executive officers. CBIZ operates as a leading professional services provider offering accounting, tax, advisory, benefits, insurance, and technology solutions.