CBIZ Acquires Retirement Business of Advantage Benefit Planning
CLEVELAND, OH, January 5, 2012 -- CBIZ, Inc. today announced that it has purchased the employee benefits and retirement book of business from Advantage Benefit Planning ("ABP") of Pleasantville, NJ, effective December 30, 2011.
The purchase of the employee benefits and retirement book of business from ABP will add approximately $900,000 in revenues to CBIZ with the addition of two employees, including principal Vaughan Reale.
Steven L. Gerard, CBIZ Chairman and CEO, stated, "ABP's employee benefits and retirement book of business will be a solid addition to our Mid-Atlantic region. We look forward to working with Vaughan to continue to grow this business."
Commenting on becoming part of CBIZ, Vaughan Reale stated, "Our team at Advantage Benefit Planning is excited to join with CBIZ. Considering the growing regulatory complexities associated with health care reform, we believe the acquisition better positions us to continue delivering outstanding benefits consultation and customer service to our diverse and growing client base."
About CBIZ
CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax and consulting, internal audit, merger and acquisition advisory and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. CBIZ also provides outsourced technology staffing and support services, healthcare consulting, and medical practice management. As one of the largest benefits specialists and one of the largest accounting, valuation, and medical practice management companies in the United States, the Company's services are provided through more than 140 Company offices in 36 states.
###
Click here for more material dealing with current trends, opinion, news, legislative action, investments, marketing, sales, consulting, and legal issues on 401k plans.
This is a press release provided by the company or its representatives. 401khelpcenter.com, LLC is not the author of this release and is not associated or affiliated with any firm or organization mentioned unless otherwise noted. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by 401khelpcenter.com, LLC.
