CBIZ to acquire accounting firm Marcum in $2.3 bln deal (updated)

CBIZ

31/07/2024 12:38

(Adds background on Marcum in paragraphs 2-3)
       July 31 (Reuters) - Financial services and insurance
provider CBIZ  CBZ.N  said on Wednesday it would buy Marcum, one
of the biggest accounting services provider in the United
States, in a $2.3 billion deal. 
    Marcum, founded in 1951 and based in New York, provides tax,
attestation, accounting and advisory services.
    Its attestation business — which reviews companies'
financial forecasts and other information — would be bought by
Mayer Hoffman McCann, a separate accounting firm.
    The deal is expected to close in the fourth quarter of this
year, CBIZ said.

 (Reporting by Niket Nishant in Bengaluru; Editing by Savio
D'Souza and Shilpi Majumdar)
 ((Niket.Nishant@thomsonreuters.com;))