---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-005152"
form_type: "8-K"
ticker: "CBZ"
cik: "0000944148"
company_name: "CBIZ, Inc."
filed_at: "2022-01-10T23:59:59+00:00"
generated_at: "2026-06-27T19:45:58.783430+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CBIZ acquires Marks Paneth LLP for $81.25M cash plus earnout; adds $138M revenue

## Summary
- Purchase price ~$81.25M cash at closing plus earnout up to $75.25M (cash & stock) based on performance.
- Acquisition adds ~$138M annual revenue; expected to contribute $0.10 to adjusted EPS in 2022.
- EBITDA margin expected 11-12% of revenue in 2022, growing to 16-18% by 2025.
- Marks Paneth has over 600 team members across 7 offices; CBIZ expands into D.C. market.
- Conference call on Jan 12, 2022 at 10 AM EST to discuss M&A strategy.

## SEC filing metadata
- accession: 0001193125-22-005152
- form_type: 8-K
- ticker: CBZ
- cik: 0000944148
- company_name: CBIZ, Inc.
- filed_at: 2022-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944148/000119312522005152/0001193125-22-005152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944148/000119312522005152/d283946d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-005152
- JSON: https://secwatch.observer/filing/0001193125-22-005152.json
- Plain text: https://secwatch.observer/filing/0001193125-22-005152.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.