CBIZ, Inc. acquired Non-Attest Assets of Somerset CPAs and Advisors.
February 31, 2023
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CBIZ, Inc. (NYSE:CBZ) acquired Non-Attest Assets of Somerset CPAs and Advisors on February 1, 2023. In a related 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. Allan D. Koltin of The Koltin Consulting Group advised both firms on the transaction.
CBIZ, Inc. (NYSE:CBZ) completed the acquisition of Non-Attest Assets of Somerset CPAs and Advisors on February 1, 2023.
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.