secwatch.observer — SEC 8-K summary
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Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K/A
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001628280-24-045179
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ completes $2.2B Marcum non-attest acquisition; pro forma revenue $2.7B
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- Aggregate consideration $2.2B, with $1.1B cash and ~14.3M shares of CBIZ common stock (valued at $76.84/sh).
- Debt financing of $2.0B ($1.4B term loan + $600M revolver) used for cash consideration, costs, and debt repayment.
- Pro forma combined revenue $1.55B (6mo 2024) and $2.70B (FY2023); CBIZ standalone was $914M and $1.59B.
- Pro forma diluted EPS $2.29 (6mo 2024) and $1.36 (FY2023), reflecting interest and amortization from the transaction.
- Transaction adds $1.5B in goodwill and intangibles; net income pro forma $146M (6mo 2024) versus CBIZ standalone $97M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828024045179/0001628280-24-045179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828024045179/cbz-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045179

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