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CBIZ, Inc. reports developments tied to its national professional services advisory business for middle-market organizations. Company news centers on financial results, revenue trends in Financial Services, earnings outlooks, free cash flow, share repurchases, and capital allocation.
Updates also cover CBIZ's accounting, tax, advisory, benefits, insurance, and technology capabilities, including post-acquisition integration activity, leadership changes, technology and AI initiatives, and research on middle-market business conditions. Recurring releases frame CBIZ around client service expansion, industry specialization, cost productivity, talent, and technology priorities across its U.S. advisory platform.
CBIZ, Inc. (NYSE: CBZ) announced the acquisition of substantially all assets of Prince-Wood Insurance, L.L.C. (PWI), effective July 1, 2020. Established in 1967, PWI specializes in property and casualty insurance for small and mid-sized businesses in Northern and Central Virginia, Maryland, and Washington, DC, generating approximately $1.2 million in annual revenue. CBIZ aims to enhance its property and casualty insurance business through this acquisition, emphasizing PWI's long-standing local presence and client relationships.
CBIZ, a prominent provider of financial, insurance, and advisory services, announced that CEO Jerry Grisko and CFO Ware Grove will present at the CJS Securities 20th Annual New Ideas Summer Conference on July 14, 2020, at 10:45 AM EST. The event will be held virtually, and the presentation can be accessed live on the CBIZ investor relations page. A replay will be available shortly after the event. CBIZ operates over 100 offices across 31 states, offering a wide range of services including accounting, insurance, and employee benefits.