Grant Thornton Advisors Expands US Accounting Network with $5 Billion Acquisition of CBIZ

Grant Thornton Advisors has agreed to acquire CBIZ in a deal valued at approximately $5 billion, significantly expanding its accounting and consulting services network in the United States. According to Reuters, the combined entity aims to offer more comprehensive services to clients. The transaction involves Grant Thornton Advisors purchasing CBIZ shares through a mix of cash and stock. CBIZ is known for providing accounting, tax, and consulting services to businesses across the US. This acquisition will strengthen Grant Thornton's services, particularly for mid-sized companies. The deal is expected to close in 2024, pending regulatory approvals. The post-merger company aims to rank among the largest accounting firms in the US. Grant Thornton Advisors plans to increase its market share and gain a competitive advantage through this move. This is not investment advice.