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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