Grant Thornton to acquire CBIZ in $5 billion accountancy deal
Grant Thornton Advisors has agreed to acquire CBIZ in an all-cash deal valued at $5 billion, creating the fifth-largest professional services firm in the U.S. with over $7.5 billion in annual revenue and 34,500 professionals across 20+ countries. CBIZ shareholders will receive $55 per share, a 54% premium. The deal, backed by private equity firm New Mountain Capital, includes spinning off CBIZ’s benefits and insurance segment. It is expected to close in Q4 2026, pending approvals.
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Grant Thornton Advisors to acquire CBIZ for $5bn to expand US presence
Grant Thornton Advisors has agreed to acquire US-based professional services firm CBIZ for $5 billion in cash, creating what the companies describe as the fifth-largest professional services, tax and advisory provider in the United States. Under the deal, CBIZ shareholders will receive $55 per share. New Mountain Capital, which invested in Grant Thornton Advisors in May 2024, will provide additional equity to fund the acquisition. The combined entity is expected to operate in over 20 countries, generate nearly $7.5 billion in revenue, and employ more than 34,500 professionals. The deal aims to expand cross-border scale, enhance AI-enabled services, and build on Grant Thornton's $1 billion AI investment. Post-closing, CBIZ will be wholly owned by Grant Thornton Advisors and its stock will be delisted from the NYSE. Grant Thornton also plans to separate CBIZ's Benefits and Insurance Services segment into a new stand-alone entity backed by New Mountain Capital.
Grant Thornton Advisors to Acquire CBIZ for Over $3 Billion
Professional services firm CBIZ has agreed to be acquired by Grant Thornton Advisors in an all-cash deal valued at more than $3 billion. Under the terms announced on Wednesday, Grant Thornton will pay $55 per share for CBIZ, representing an approximately 18% premium over the company's Tuesday closing price of $46.70. The transaction will take CBIZ private. CBIZ, headquartered in Independence, Ohio, is a provider of professional services including tax and advisory. The acquisition reflects continued consolidation in the professional services sector. Shares of CBIZ surged following the announcement.
Grant Thornton Advisors and CBIZ Agree to $5 Billion Merger
Grant Thornton Advisors has agreed to acquire CBIZ in an all-cash transaction valued at $5 billion, aiming to create the fifth-largest professional services, tax, and advisory firm in the United States. The combined entity will span over 20 countries, generate nearly $7.5 billion in revenue, and employ more than 34,500 professionals. CBIZ shareholders will receive $55 per share in cash, and upon completion, CBIZ will become wholly owned by Grant Thornton Advisors and delisted from the NYSE. The deal, expected to close in the fourth quarter of 2026, is subject to shareholder and regulatory approvals. New Mountain Capital, which invested in Grant Thornton Advisors in May 2024, will provide additional equity to support the transaction. Post-closing, Grant Thornton Advisors plans to spin off CBIZ's benefits and insurance services segment into a new stand-alone entity backed by New Mountain Capital. Executives from both firms highlighted the complementary strategic fit and enhanced capabilities for clients navigating complex business environments.
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Grant Thornton acquires CBIZ in $5 billion cash deal
Grant Thornton Advisors announced a definitive agreement to acquire CBIZ, Inc. in an all-cash deal valued at $5 billion. Shareholders will receive $55 per share, representing a 54% premium over CBIZ's 30-day volume-weighted average price. The combined firm is expected to become the fifth-largest professional services provider in the U.S., with over $5 billion in domestic revenue, operating across 20+ countries with 34,500 professionals and nearly $7.5 billion in annual revenue. New Mountain Capital, which previously invested in Grant Thornton, will provide additional equity to support the transaction. After closing, CBIZ's benefits and insurance services segment will be separated into a new stand-alone entity backed by New Mountain Capital. The deal, unanimously approved by CBIZ's board, is expected to close in Q4 2026, subject to shareholder and regulatory approvals. Goldman Sachs advised CBIZ, while Deutsche Bank advised Grant Thornton.
Grant Thornton acquires CBIZ in $5 billion cash deal
Grant Thornton Advisors announced a definitive agreement to acquire CBIZ, Inc. in an all-cash deal valued at $5 billion. Under the terms, CBIZ shareholders will receive $55 per share, representing a 54% premium over the 30-day volume-weighted average price. The combined entity is expected to become the fifth-largest provider of professional services in the U.S., with over $5 billion in domestic annual revenue. Globally, the firms will operate across more than 20 countries, generating nearly $7.5 billion in annual revenue with over 34,500 professionals. New Mountain Capital, which invested in Grant Thornton in May 2024, will make an additional equity investment to support the transaction. After closing, CBIZ's benefits and insurance services segment will be separated into a new stand-alone entity backed by New Mountain Capital. The deal, unanimously approved by CBIZ's board, is expected to close in Q4 2026, subject to shareholder and regulatory approvals. Goldman Sachs advised CBIZ, while Deutsche Bank advised Grant Thornton.
Grant Thornton to acquire CBIZ in $5bn landmark accountancy deal
Grant Thornton is set to acquire New York-listed management consulting and audit firm CBIZ in a $5bn all-cash deal, one of the largest transactions in the accountancy sector. The acquisition, backed by private equity firm New Mountain Capital, will see CBIZ shareholders receive $55 per share, a 54% premium over the 30-day average. CBIZ shares had fallen nearly 40% over the past year. The combined entity will become the fifth-largest professional services firm in the US, with over $7.5bn in revenue and a presence in more than 20 countries. As part of the deal, CBIZ's Benefits and Insurance Services segment will be spun off into a separate entity, also backed by New Mountain Capital. The transaction is expected to close in Q4 2026. The article also notes that Grant Thornton's UK arm recently accepted private equity investment from Cinven, reflecting a broader trend of private equity dominance in the accountancy sector.