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.

CBIZ, Inc. announced a voluntary rescission offer for up to 481,049 shares of common stock inadvertently issued under its Employee Stock Purchase Plan between October 2023 and April 2026 due to exceeding registered share limits. The company identified two material weaknesses in internal control over financial reporting: one related to ESPP administration and another concerning goodwill reassignment among reporting units following organizational changes. Consequently, CBIZ will no longer rely on its previously issued management assessment or KPMG LLP’s opinion regarding the effectiveness of internal controls as of December 31, 2025, expecting an adverse opinion upon filing a Form 10-K amendment. Immaterial revisions to Q1 2026 financials reduced net income by $8,825 and diluted EPS by $0.14 per share. Potential aggregate payments for the rescission offer could reach approximately $20.2 million. CBIZ provides business services including tax, advisory, benefits, and insurance solutions.

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.