In connection with the transactions contemplated by the previously announced Agreement and Plan of Merger
(the Merger Agreement), dated July 30, 2024, among CBIZ, Inc., a Delaware corporation (the Company or CBIZ), Marcum LLP, a New York registered limited liability partnership (Marcum), Marcum
Advisory Group LLC, a Delaware limited liability company and wholly owned subsidiary of Marcum (MAG), PMMS LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (Merger Sub), and Marcum
Partners SPV LLC, a Delaware limited liability company, the Company made available the following information to employees on July 31, 2024:
Email
Subject Line: Exciting News: CBIZ to Acquire Marcum!
CBIZ Team Members,
I am thrilled to share some exciting news
with you. Earlier today, we publicly announced that CBIZ has signed a definitive agreement to acquire Marcum, with Mayer Hoffman McCann (MHM) to acquire the attest business of the same name.
Founded in 1951 and headquartered in New York City, Marcum is a national accounting and advisory firm that provides a range of professional services to
entrepreneurial, middle-market companies, midcap and micro-cap SEC registrants, and high-net-worth individuals. With over 70
years of experience and 4,000 professionals, Marcum is known for its personalized service and strong client relationships. Marcum is ranked as the 13th largest accounting firm in the country.
This strategic acquisition, the largest in our companys history, presents an incredible opportunity for CBIZ and Marcum to bring together the best
talent in the industry to offer our clients an unmatched breadth of services and depth of expertise.
Momentarily, you will be receiving an invitation for
an All Team Member Town Hall at 12:30 p.m. ET, where Chris Spurio, Mike Kouzelos, Elizabeth Newman and I will share more about Marcum and what this opportunity means for CBIZ and for each of you. If you are not able to attend todays call, the
recording will be shared following the meeting, along with a set of team member FAQs.
In the interim, while I am sharing our news with investors, I
invite you to watch this video [link included here] and read the press release about this exciting news.
This is an exciting time for our company,
and we anticipate you will see a considerable amount of media coverage and social chatter about it. We encourage you to share the news on social media by resharing the posts from our CBIZ accounts: LinkedIn, X.
If you happen to be contacted by the media or other external audiences about our announcement, please contact Amy McGahan, our Director of Corporate
Communications.
I look forward to speaking with you all shortly!
Jerry