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CBIZ, Inc. completes acquisition of non-attest business of Marcum LLP

Nov 01, 2024•about 1 year ago

Acquiring Company

Marcum

Acquired Company

Marcum Technology

ClevelandNew YorkInsuranceFinancial ServicesCyber SecurityConsultingInformation Technology

Description

CBIZ, Inc. (NYSE: CBZ) has successfully completed the acquisition of the non-attest business of Marcum LLP, solidifying its position as the largest full-service professional services advisor in the U.S. This strategic move is expected to bring about an estimated combined annualized revenue of approximately $2.8 billion.

Company Information

Company

Marcum

Location

Cleveland, Ohio, United States

About

Marcum LLP is a leading accounting and advisory firm providing a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. With a strong presence in the Midwest, Marcum LLP has strategically expanded its operations with the acquisition of Croskey Lanni PC.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed