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CBIZ Acquires California Employee Benefits Specialist Actuarial Consultants.

M2 EQUITYBITES-November 7, 2016-CBIZ Acquires California Employee Benefits Specialist Actuarial Consultants

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7 November 2016 - Cleveland, Ohio-based business professional services company CBIZ, Inc. (NYSE: CBZ) has acquired Actuarial Consultants, Inc., the company said.

ACI was founded in 1983 and is based in Torrance, California.

Terms of the deal were not disclosed.

With approximately USD 2.5m in annual revenue, ACI provides design, consultation and administration of 401(k) plans, profit-sharing plans, non-qualified plan administration and traditional defined benefit plans to more than 400 clients.

CBIZ, Inc. provides professional business services that help clients better manage their finances and employees.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U9CA
Date:Nov 7, 2016
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