CBIZ Acquires Laurus Transaction Advisors

Cleveland-based CBIZ (FY16 net revenue of $661 million) acquired Laurus Transaction Advisors of Englewood, Colo., effective Feb. 1.

Founded in 2008, Laurus provides buy-side and sell-side financial and accounting due diligence services for merger and acquisition transactions to private equity groups as well as public and private companies. Laurus has completed more than 650 financial and accounting due diligence engagements and projects for private equity groups and companies located throughout the U.S.

“We sought a partner to leverage Laurus’ market leading reputation by further scaling its ability to serve middle market private equity firms,” says co-founder and partner at Laurus Transaction Advisors, Mark Coleman.

“CBIZ offers a national platform and top ten accounting provider resources that enable us to broaden our reach and continue to deliver more responsive and value-added due diligence services,” says Patrick Martin, co-founder and partner at Laurus Transaction Advisors.

CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory and valuation services. Benefits and insurance services include group health benefits consulting, property and casualty insurance, retirement plan consulting, payroll and HR consulting.

“The acquisition of Laurus further strengthens our position as an industry leader of professional business services to middle-market focused private equity firms. Mark and Patrick both share CBIZ’s commitment to exceptional client service and we are excited to have them as key leaders in our national transactional advisory services group,” says Jerry Grisko, president and CEO of CBIZ.