Announced
Completed
Financials
Sources
Tags
Single Bidder
Majority
Domestic
accounting firm
Private
Friendly
United States
Acquisition
Financial Data and Systems
Completed
Synopsis
CBIZ, a provider of financial, insurance and advisory services, completed the acquisition of Marks Paneth, a New York City-based accounting firm specializing in audit, tax and advisory services. Financial terms were not disclosed. "The New York metro area, Philadelphia and Boca Raton, Florida, continue to be important markets for CBIZ and we are delighted to be adding Washington, D.C. to our national footprint for Financial Services. We are also excited about the enhanced value that we can now provide to our collective clients through an expanded breadth of services and depth of expertise. The addition of Marks Paneth creates scale to better serve a number of very attractive industries nationwide, including the real estate and not-for-profit industries. We look forward to welcoming the Marks Paneth team to CBIZ," Jerry Grisko, CBIZ president and CEO.
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