Within just a few weeks of ending an 18-month absence in New York with the acquisition of Mahoney Cohen & Company, CBIZ is filling a huge hole in Boston by acquiring Cambridge, Mass.-based Tofias, according to Bowman’s Accounting Report. Subscribe here.
The two transactions add about $93 million to CBIZ’s top line. In addition, the deals reinforce CBIZ as a major player in acquisition deals, says Allan Koltin, the Chicago based consultant. It also establishes a high-bar for making an acquisition. CBIZ is paying premium prices for the practices.
Stay tuned. BOWMAN’S soon will report additional insight into the acquisitions.
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