Cbiz Acquires Fifth-Largest Indianapolis Accounting Firm Somerset To Add $55 Million To Cbiz Revenue
Acquiring Company
CBIZ
Acquired Company
SOMERSET
IndependenceFinancial ServicesEmployee BenefitsConsultingRisk ManagementInsuranceDescription
CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired the non-attest assets of Somerset CPAs and Advisors ("Somerset") of Indianapolis, IN, effective February 1, 2023. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of Somerset CPAs and Advisors.
Quick answer
CBIZ is acquiring SOMERSET for $55 million, announced February 2, 2023. CBIZ is based in Independence, Ohio, United States.
- How much did CBIZ pay for SOMERSET?
- The reported deal value is $55 million.
- What does CBIZ do?
- CBIZ, Inc. is a leading provider of financial, insurance, and advisory services to businesses throughout the United States.
- Where are CBIZ and SOMERSET based?
- CBIZ is based in Independence, Ohio, United States.
- Who are the decision-makers at CBIZ?
- Fundz holds 4 contacts at CBIZ. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Employee Benefits
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Arthur J. Gallagher & Co. Acquires Fe Protect (March 15, 2023)
- Arthur J. Gallagher & Co. Acquires Bay Risk Services Limited (March 6, 2023)
- Arthur J. Gallagher & Co. Acquires Anderson Benson (March 1, 2023)
- Arthur J. Gallagher & Co. Acquires Remco Insurance Agencies, Inc. (January 23, 2023)
- Arthur J. Gallagher & Co. Acquires First Ireland Risk Management Limited (January 17, 2023)
- Arthur J. Gallagher & Co. Acquires John C. Breckenridge Insurance Solutions, Inc. (January 11, 2023)
Who to call at CBIZ, and when
When CBIZ changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day CBIZ raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CBIZ, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at CBIZ. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment CBIZ makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired SOMERSET?
SOMERSET was acquired by CBIZ, based in Independence. The deal was reported on February 2, 2023. CBIZ, Inc. is a leading provider of financial, insurance, and advisory services to businesses throughout the United States. CBIZ is publicly traded (CBZ) and operates in Financial Services.
When did CBIZ acquire SOMERSET?
CBIZ's acquisition of SOMERSET was reported on February 2, 2023. CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired the non-attest assets of Somerset CPAs and Advisors ("Somerset") of Indianapolis, IN, effective February 1, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SOMERSET do?
SOMERSET is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.