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New Deal


Announced

Group Management Services to acquire Corporate Business Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

human resources

Private

Single Bidder

Outsourced HR and Staffing

Majority

Pending

United States

Friendly

Synopsis

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Group Management Services, an employee administration provider, agreed to acquire Corporate Business Solutions, a Georgia-based Human Resources Outsourcing provider. Financial terms were not disclosed. "The acquisition by GMS will enable CBS to further deliver on its promise to provide our clients a wide array of quality insurance products that are affordably priced. Enhancing our clients' competitive edge has always been core to CBS – this accelerates our ability to do that for our many valued clients," Jim Karle, CBS President.

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