CBIZ Acquires Non-Attest Assets of Somerset CPAs and Advisors
February 1, 2023
CBIZ, Inc. acquired the non-attest assets of Somerset CPAs and Advisors, adding approximately $55 million of revenue and 250 employees to CBIZ’s business. Concurrently, Mayer Hoffman McCann P.C. (an independent CPA firm that works closely with CBIZ) acquired Somerset’s attest assets; the transaction expands CBIZ’s presence into the Indianapolis market and broadens its service capabilities.
- Buyers
- CBIZ, Inc., Mayer Hoffman McCann P.C.
- Targets
- Somerset CPAs and Advisors
- Sellers
- Somerset CPAs and Advisors
- Industry
- Accounting & Tax
- Location
- Indiana, United States
- Transaction Type
- Divestiture
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