CLEVELAND, Feb. 7, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:
CBZ) ("the Company"), a leading provider of financial, insurance
and advisory services, announced today it has acquired tax and
accounting service provider, Erickson, Brown & Kloster, LLC
(EBK), of Colorado Springs, CO,
effective February 1, 2024.
Concurrent with this transaction, Mayer Hoffman McCann P.C., a
national independent CPA firm that works closely with CBIZ,
announced the acquisition of the attest assets of EBK.
Founded in 1984, EBK provides tax and accounting services to a
diverse mix of businesses including automotive, wholesale, medical
services, real estate, manufacturing, and non-profit. EBK has 50
employees and recorded approximately $8.9
million in revenue over the past year.
Jerry Grisko, President and CEO
of CBIZ, said, "We're excited to combine our current successful
Denver operations with EBK to
create an even stronger team to serve clients across Colorado Springs, Denver and all of Colorado. These two highly respected teams
will work closely together for maximum benefit for both our clients
and our team members. We are pleased to welcome Phil Erickson, Jeff
Rosacker and the entire EBK team to CBIZ."
Phil Erickson, Co-Managing
Partner, of EBK, stated, "Our firm has always looked for ways we
can provide greater value to our clients, and purpose-filled
careers for our team members. Joining CBIZ is incredibly exciting
because this allows us to meet both objectives. Our team of
dedicated professionals now have immediate access to enhanced
tools, resources and expertise that would have taken decades of
time and countless dollars for us to develop on our own. We look
forward to working with CBIZ to better serve the community our firm
has supported for multiple generations."
About CBIZ
CBIZ, Inc. is a leading provider of financial, insurance, and
advisory services to businesses throughout the United States. Financial services include
accounting, tax, government health care consulting, transaction
advisory, risk advisory, and valuation services. Insurance services
include employee benefits consulting, retirement plan consulting,
property and casualty insurance, payroll, and human capital
consulting. With more than 120 Company offices in 33 states, CBIZ
is one of the largest accounting and insurance brokerage providers
in the U.S. For more information, visit www.cbiz.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those projected. Such risks and
uncertainties include, but are not limited to, the risk that the
anticipated benefits and perceived advantages of an acquisition may
not be achieved; the impact of COVID-19 or governmental rules
related to public health issues on the Company's business,
operations and clients; the Company's ability to adequately manage
and sustain its growth; the Company's dependence on the trend of
outsourcing business services; the Company's dependence on the
services of its CEO, other key employees, producers and service
personnel; the effects of any potential cyber-attacks; competitive
pricing pressures; general business and economic conditions; and
changes in governmental laws or regulation affecting the Company's
clients, business, business services operations, or business
models. A more detailed description of such risks and uncertainties
may be found in the Company's filings with the Securities and
Exchange Commission at www.sec.gov.
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SOURCE CBIZ, Inc.