Grant Thornton Advisors is making a major push up the ranks of the U.S. accounting industry with a $5 billion deal to acquire CBIZ, a transaction that would create the country’s fifth-largest provider of professional, tax and advisory services.
The companies announced the all-cash agreement Wednesday, marking another significant consolidation in an industry where mid-sized accounting firms are rapidly expanding to compete more effectively with Deloitte, EY, KPMG and PwC.
