Grant Thornton Advisors completes acquisition of CBIZ

• Grant Thornton Advisors completed its all-cash acquisition of CBIZ at a $5 billion enterprise value.
• The combination creates the fifth-largest U.S. professional services, tax and advisory provider, with annual domestic revenue exceeding $5 billion.
• The expanded multinational platform generates more than $7 billion in annual revenue, employing over 34,500 professionals.
• Common stock ceased trading on the New York Stock Exchange; the combined organization will ultimately operate under the Grant Thornton brand.
• The Benefits & Insurance Services segment became an independent company backed by New Mountain Capital.

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