Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 5:18 PM
| This Slide: #97 of 100 |
Slide #97. CBIZ, Inc. — Alliance Insurance Services, Inc.
Acquirer:
CBIZ, Inc. (NYSE:CBZ)
Acquiree:
Alliance Insurance Services, Inc.
Details:
CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of substantially all the assets of Alliance Insurance Services, Inc., ("AIS") of Washington, DC, effective February 1, 2020.
CBIZ provides business services, products and solutions to manage finances and employees. These services are provided to primarily small and midsized businesses, as well as individuals, governmental entities and not-for-profit enterprises. Co. provides its services through three groups: Financial Services, which provides accounting and tax, government healthcare consulting, financial advisory, valuation and risk advisory services; Benefits and Insurance Services, which provides group health benefits consulting, payroll, property and casualty, and retirement plan services; and National Practices, which provides managed networking and hardware services, as well as healthcare consulting.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 96th percentile
(ranked higher than approx. 96% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
