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CBIZ Shares Soar 17% After Grant Thornton Agrees to Buy Company in $5 Billion Cash Deal
The combined firm would generate nearly $7.5 billion in revenue and become the fifth-largest U.S. professional services provider, the companies said.
- On Wednesday, July 29, 2026, Grant Thornton Advisors announced a definitive agreement to acquire CBIZ, Inc. in an all-cash deal valued at $5 billion, creating the fifth-largest professional services provider in the United States.
- CBIZ shareholders will receive $55 per share, representing a 17.8% premium over the stock's last closing price and roughly a 54% premium over its 30-day volume-weighted average share price.
- Grant Thornton Advisors CEO Jim Peko said the combination "broadens our ability to support businesses through every stage of growth," as the combined firm will employ more than 34,500 professionals across 20 countries.
- Backed by New Mountain Capital, Grant Thornton plans to separate CBIZ's benefits and insurance services into a new entity, while Goldman Sachs advises CBIZ and Deutsche Bank leads financial work for the buyer.
- The transaction is expected to close in the fourth quarter of 2026, though CBIZ may solicit alternative acquisition proposals through August 27, 2026, under a go-shop provision in the agreement.
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23 Articles
Grant Thornton to Buy Advisory Firm CBIZ in $5 Billion Deal
·New York, United States
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The Economic TimesReposted by 
Times of India
Times of IndiaCBIZ shares soar 17% after Grant Thornton agrees to buy company in $5 billion cash deal
CBIZ shares surged 17% after Grant Thornton Advisors agreed to acquire the company for $5 billion in cash. The deal will create the fifth-largest US accounting and advisory firm, overshadowing mixed quarterly results and accelerating consolidation in the professional services industry.
·Mumbai, India
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The professional services company CBIZ agreed to be acquired by Grant Thornton Advisors in a fully cash transaction valued at almost $3 billion. Exclusive material for subscribers. To have full access, access the link of the subject and register.
·Rio de Janeiro, Brazil
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Leaning Left0Leaning Right3Center7Last UpdatedBias Distribution70% Center
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C 70%
R 30%
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