ax advisory practice expanded, Grant Thornton Advisors to acquire CBIZ for $5 billion
Grant Thornton Advisors LLC and CBIZ, Inc. (NYSE: CBZ) announced a definitive agreement under which Grant Thornton Advisors will acquire CBIZ in an all-cash transaction valued at $5 billion, according to a press release issued July 29, 2026.
Under the terms of the agreement, CBIZ shareholders will receive $55.00 per share in cash, representing a premium of approximately 54% to CBIZ’s 30-day volume-weighted average share price. Upon completion, CBIZ common stock will be delisted from the New York Stock Exchange.
New Mountain Capital, which made an initial equity investment in Grant Thornton Advisors in May 2024, will provide additional equity to support the transaction.
The combined U.S. entity is expected to generate more than $5 billion in annual domestic revenue, which Grant Thornton Advisors claims would make it the fifth-largest provider of professional services, tax and advisory services in the U.S. The broader multinational platform would span more than 20 countries and territories, with nearly $7.5 billion in combined revenue and more than 34,500 professionals.
