Grant Thornton Acquires CBIZ for $5 Billion in All-Cash Deal

Grant Thornton Advisors has agreed to acquire CBIZ, Inc. in an all-cash transaction valued at $5 billion. The deal, announced Wednesday, creates a significant challenger to the Big Four accounting firms. The acquisition combines Grant Thornton's audit, tax, and advisory services with CBIZ's financial services and employee benefits offerings. The combined entity will have over 30,000 employees and more than $5 billion in annual revenue. The transaction is expected to close in the first half of 2025, pending regulatory approvals and CBIZ shareholder vote.