CBIZ, Inc. acquired Erickson, Brown & Kloster, P.c.
February 06, 2024
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CBIZ, Inc. (NYSE:CBZ) acquired Erickson, Brown & Kloster, P.c. on February 1, 2024. Annualized revenue from EBK is estimated at $8.9 million.
CBIZ, Inc. (NYSE:CBZ) completed the acquisition of Erickson, Brown & Kloster, P.c. on February 1, 2024. CBIZ completed the acquisitions of Erickson, Brown & Kloster, LLC and ComputData, Inc. for a total aggregated purchase price of $37.3 million, including $13.5 million recorded as contingent consideration.
CBIZ, Inc. is a provider of financial, insurance and advisory services to businesses throughout the United States and parts of Canada. It provides a range of accounting, insurance brokerage, financial and advisory services. It delivers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. Financial Services is comprised of core accounting services, including traditional accounting, tax compliance, advisory, and specialty services, like transaction and risk advisory services, litigation support, valuation, and federal and state government health care compliance and consulting. Benefits and Insurance Services provides brokerage and consulting for group health benefits and property and casualty insurance, in addition to retirement plan advisory and investment services. National Practices provides information technology and hardware services and healthcare consulting services. It also maintains a cyber risk management program.
CBIZ, INC. 
