CBIZ to acquire non-attest business of Marcum, LLP to become the seventh-largest accounting services provider in the U.S.
Jul 31, 2024•over 1 year ago
Acquiring Company
Marcum
Acquired Company
Marcum Technology
ClevelandNew YorkInsuranceFinancial ServicesCyber SecurityConsultingInformation TechnologyDescription
CBIZ, Inc. has entered into a definitive agreement to acquire the non-attest business of Marcum, LLP, which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue. The transaction is valued at approximately $2.3 billion with a cash-and-stock consideration. The acquisition is expected to strengthen CBIZ's presence in key markets and enable it to bring a broader array of high-value solutions to its combined client base.
M&A Insights
Based on deal dataIntegration 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