Grant Thornton to acquire CBIZ for $5.0B; Q2 EPS down 53%

CBIZ, Inc.

Grant Thornton (backed by New Mountain Capital) to acquire CBIZ in all-cash deal, enterprise value $5.0B, or $55.00 per share.
Transaction expected to close in Q4 2026, subject to shareholder and regulatory approvals; CBIZ to become private.
Q2 2026 revenue down 0.2% to $682M; net income $19M, down 55.6%; GAAP EPS $0.31 (down 53%).
Adjusted EBITDA $103M, down 14.3%; adjusted diluted EPS $0.91, down 8.1%.
CBIZ withdraws fiscal 2026 guidance and suspends earnings call due to pending merger.

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