CBIZ Buys Marcum for $2.3B: Concerns Over Staff Impact and Equity Loss
In this clip, we discuss the mega-merger between CBIZ and Marcum, a $2.3 billion deal that will create one of the largest accounting firms in the world. CBIZ, a public company, is acquiring Marcum's non-attest assets, while MHM (Mayer, Hoffman, McCann, PC) is acquiring Marcum's attest assets. The combined firm will boast 10,000 team members and over 135,000 clients.
We also explore potential concerns arising from this merger, such as the impact on Marcum's staff. CBIZ reportedly has the highest amount of overtime among accounting firms on Big4Transparency. Additionally, we question how the different decision-making models of CBIZ (public corporation) and Marcum (partner ownership) will be integrated post-merger.
Furthermore, we speculate that Marcum's equity partners have been bought out, potentially leaving no equity opportunities for managers, directors, and non-equity partners. This could lead to an exodus of talent from the firm.
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