secwatch.observer — SEC 8-K summary
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Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001193125-22-005152
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000119312522005152/0001193125-22-005152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000119312522005152/d283946d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-005152

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer