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MarketScreener Homepage  >  Equities  >  Nyse  >  CBIZ, Inc.    CBZ


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CBIZ : Acquires The Seff Group, P.C.

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11/02/2016 | 03:29pm EDT

CLEVELAND, Nov. 2, 2016 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) (the "Company") today announced that it has acquired the non-attest business of The Seff Group, P.C., based in Denver, Colorado, effective November 1, 2016.

Founded in 1990, The Seff Group has annual revenues of approximately $4.2 million. It provides full-service accounting, tax, compliance and financial consulting services to closely held businesses, their owners and related entities, to high-net-worth individuals and family groups, and to trusts and estates.

Dan Seff of The Seff Group said, "The Seff Group and CBIZ are a perfect match. The Denver metropolitan area now has a new and powerful team to support clients' accounting, tax and financial service needs. As part of CBIZ we will combine an unmatched local presence and experience with the depth and expertise of a leading national provider. It's an exciting day for our team and our clients."

Jerry Grisko, president and CEO of CBIZ, said, "The Seff Group is very well known and respected in the Denver market, and we look forward to working with Dan and his team. In addition to greatly strengthening our current offerings, this acquisition will enhance our leadership and add meaningful scale to our presence in Denver -- an important market for CBIZ."

CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government healthcare consulting, risk advisory, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, and HR consulting. As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company's services are provided through more than 100 Company offices in 33 states.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations. A more detailed description of such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

For further information regarding CBIZ, call our Investor Relations Office at (216) 447-9000 or visit our web site at www.cbiz.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbiz-acquires-the-seff-group-pc-300356203.html


© PRNewswire 2016
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