Marcum has announced we have signed a definitive agreement for CBIZ, Inc. (“CBIZ”), the country’s 11th-largest business advisory and CPA firm, to acquire Marcum LLP (“Marcum”). We anticipate the transaction will close this fall, pending various approvals.

This strategic acquisition presents an incredible opportunity for CBIZ and Marcum to bring together the best talent in the industry to offer our clients an exceptional breadth of services and depth of expertise. Together, we’ll become the nation’s seventh-largest accounting and advisory services provider. Our combined force will deliver exceptional accounting, tax, advisory, business, and insurance services to middle-market clients and attract and retain the best and brightest talent.

This is an exciting step for Marcum as we look toward what’s next for our business and provide our clients with access to a host of new resources to service their business and personal needs. Upon close, our combined team of 10,000 professionals will offer much more to help our clients achieve their goals.

This transaction is a significant step forward in both companies’ growth plans. Combining our companies will provide a distinctive breadth of services and depth of expertise that will accelerate our growth, allow us to continue to attract and retain top talent, innovate through technology, and serve our clients better.