CBIZ Acquires New Jersey Employee Benefits Firm

On July, 1, Cleveland-based CBIZ (FY08 net revenue of $553.1 million) acquired EAO Consultants  (d.b.a. Egan, Amato & O’Connor) – an employee benefits firm located in Manasquan, N.J.

EAO was founded in 2004 and focuses exclusively on employee health benefits, retirement programs, and executive benefits for a diverse client base ranging from small family-owned businesses to large corporations.  EAO recorded $2.9 million in revenue during the past twelve months.

Steven L. Gerard, CBIZ Chairman and CEO, stated, “Expanding our capabilities to better serve our clients’ needs in the Northeast is a priority for CBIZ.  EAO has experienced solid growth since its inception and has a client-centric service focus consistent with the CBIZ culture. I look forward to welcoming this talented team to CBIZ.”