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Grant Thornton to Acquire CBIZ for $5 B, Becomes Fifth-Largest Firm

7/29/2026

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Summary

Story summary

Grant Thornton Advisors announced a $5 billion cash acquisition of CBIZ.
CBIZ shares rose 17% after the $55 per share, 17.8% premium offer.
The deal makes Grant Thornton the fifth-largest U.S. professional firm and will create an entity operating in over 20 countries with $7.5 billion revenue.
Closing is expected in Q4 2026 with equity from New Mountain Capital’s consortium.

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Story summary

Grant Thornton Advisors announced a $5 billion cash acquisition of CBIZ.
CBIZ shares rose 17% after the $55 per share, 17.8% premium offer.
The deal makes Grant Thornton the fifth-largest U.S. professional firm and will create an entity operating in over 20 countries with $7.5 billion revenue.
Closing is expected in Q4 2026 with equity from New Mountain Capital’s consortium.