CBIZ, Inc. is a national provider of financial, insurance and advisory services headquartered in

Cleveland, Ohio Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, Ohio, Cuyahoga County. Located along the southern shore of Lake Erie, it is situated across the Canada–United States border, Canada–U.S. maritime border ...

. CBIZ is one of the largest accounting, insurance brokerage, financial and advisory services providers in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

with more than 120 offices and nearly 7,000 employees. Its common stock has been traded on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

since 1996, under the symbol "CBZ" since 1997. Following its 2024 acquisition of Marcum LLP, CBIZ became the seventh-largest accounting firm in the United States.

History

In 1987, Stout Environmental, Inc. ("Stout") was formed as a Delaware corporation. It was acquired by Republic Industries in 1992. In April 1995, Republic Industries spun off the business into an entity known as Republic Environmental Systems, which was merged with Century Surety Company (which was part of Alliance Holding Corporation) into a newly formed entity, International Alliance Services, Inc. (Nasdaq: IASI) in October 1996. In 1997, IASI sold its environmental services operations and changed its name to Century Business Services, Inc. (NYSE: CBZ) in December 1997. In 1998, Century Business acquired Beall Garner Screen & Geare Inc., one of the largest privately owned insurance agencies in the United States (formerly run by

U.S. Senator The United States Senate is a chamber of the bicameral United States Congress; it is the upper house, with the U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the ...

J. Glenn Beall Jr.). The company changed its name to CBIZ, Inc. in August 2005. Since 1998, CBIZ and

CBIZ CPAs CBIZ CPAs (formerly known as Mayer Hoffman McCann P.C.) is a national CPA firm founded and headquartered in Kansas City, Missouri. MHM has over 30 offices in the United States. History MHM dates back to 1954 with Ernst D. Mayer in Kansas City, Mi ...

(formerly known as Mayer Hoffman McCann P.C.) have operated an alternative practice structure in which they act as separate, independent legal entities that work together to provide accounting services to clients, sharing a tax and consulting practice, CBIZ MHM LLC, which is a division of CBIZ.

Services and operations

The business is organized into three practice groups: * ''Financial Services'': comprising core accounting services including traditional accounting, tax compliance, advisory, and specialty services, like transaction and risk advisory services, litigation support, valuation, and federal and state government health care compliance and consulting. * ''Benefits and Insurance Services'': provides brokerage and consulting expertise for group health benefits and property and casualty insurance in addition to retirement plan advisory and investment services, payroll, human capital management, and other related services. * ''National Practices'': information technology focusing on managed networking and hardware services and healthcare consulting.

Acquisitions

* 2022: Marks Paneth LLP, Stinnett & Associates, LLC. * 2023: Danenhauer and Danenhauer, Inc., Somerset CPAs and Advisors, Pivot Point Security, Ickovic and Co. PC, and American Pension Advisors, Ltd. * 2024: Erickson, Brown & Kloster, CompuData, Inc., Marcum LLP.

Notable people

* Ed Feighan (former

U.S. Representative The United States House of Representatives is a chamber of the bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of th ...

from Ohio) *

Wayne Huizenga Harry Wayne Huizenga Sr. (; December 29, 1937 – March 22, 2018) was an American businessman. He founded AutoNation and Waste Management Inc., and was the owner or co-owner of Blockbuster Video, the Miami Dolphins of the National Football ...

(founded

AutoNation AutoNation, Inc. is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. The company was founded by Wayne Huizenga in 1996, starting with twelv ...

and Waste Management Inc.) * Michael DeGroote (Canadian businessman) * Joel Kramer (former professional basketball player)

References

External links