- CEO
- Jerome Grisko Jr.
- Full Time Employees
- 10,000
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 6801 Brecksville Road Cleveland OH United States of America 44131
- IPO Date
- Apr 27, 1995
- Business
- CBIZ, Inc. operates as a national provider of professional business services, specializing in financial, insurance, and advisory solutions. The company offers a comprehensive portfolio of services grouped into three main practice areas: Financial Services, Benefits and Insurance Services, and National Practices. Its Financial Services segment includes accounting, tax compliance, tax planning, audit, reporting, advisory, transaction advisory, risk advisory, valuation, litigation support, and government healthcare consulting services. The Benefits and Insurance Services segment delivers brokerage and consulting for group health benefits, property and casualty insurance, retirement planning, payroll, human capital management, and related services. The National Practices segment focuses on technology services including managed networking and hardware, along with specialized healthcare consulting. CBIZ serves a diverse client base ranging from small and medium-sized businesses to larger organizations across multiple industries throughout the United States. Founded in 1996 and headquartered in Independence, Ohio, CBIZ integrates its service offerings to assist businesses in managing finances, mitigating risk, and enhancing operational efficiency.
In the recent period, CBIZ completed its largest acquisition in company history by acquiring Marcum LLP in November 2024, significantly expanding its advisory practice and revenue base. The acquisition contributed to a 40.5% revenue increase in the fourth quarter of 2024, driving full-year 2024 revenue growth of 14% to $1.81 billion. This strategic move accelerated CBIZ's integration and planning efforts, positioning the company for sustained growth in 2025. CBIZ has also made leadership additions such as naming Tony Consoli as President of its Property & Casualty Insurance Division to strengthen its insurance service offerings. The company continues to innovate and expand its technology service solutions, supporting businesses in digital transformation and operational security. These developments highlight CBIZ's strategic focus on broadening its service capabilities while maintaining strong organic growth in core segments.
CBIZ targets markets including small to mid-sized businesses and larger corporate clients with a broad spectrum of services tailored to their accounting, tax, benefits, insurance, advisory, and technology needs. The company operates entirely in the U.S. and has built a reputation as one of the country's largest accounting and business advisory providers. It maintains a highly integrated service delivery model through various subsidiaries, leveraging acquired firms like Marcum LLP to enhance its market position. CBIZ is publicly traded on the New York Stock Exchange under the ticker CBZ and continues to invest in expanding its service lines and geographic reach within the national market. The company’s sustained growth and strategic acquisitions have reinforced its status as a leading professional services advisor focused on helping businesses unlock growth opportunities through comprehensive solutions.