CBIZ Acquires Forensic Accounting Firm in San Diego

Cleveland-based CBIZ (FY18 net revenue of $785 million) has acquired Brinig Taylor Zimmer of San Diego.

Brinig Taylor Zimmer provides litigation consulting and expert witness services for a range of business and personal litigation, forensic accounting and business valuation services. The firm brings 17 employees and about $4 million in revenue to the union.

“Our forensic and financial services national practice has known and worked with the BTZ team for years. In addition to being one of the largest forensic accounting providers of its kind, BTZ is also one of the most experienced and respected firms in San Diego,” said CBIZ CEO Jerry Grisko in a statement. “This acquisition will add significant depth to our existing forensic accounting practice.”

“After 36 years of building a team-based forensic accounting and business valuation firm, the entire staff of Brinig Taylor Zimmer Inc. is thrilled to join CBIZ, a national leader in professional advisory services. We firmly believe that there is a synergistic benefit to the relationship with CBIZ and we look forward to serving our existing clients with the strength and support of CBIZ behind us,” principal Brian Brinig said in a statement.

This is CBIZ’s fourth deal of 2019. Others are The Wenner Group, a Denver accounting firm; Paytime, a payroll processor in Solon, Ohio; and Gavion, investment consultants in Memphis, Tenn.

According to Crain’s Cleveland Business, CBIZ reported after the second quarter that it has about $229.2 million available for additional deals, and that similar smaller acquisitions were likely. CFO Ware Grove told investors at the time the plan is to spend $18.1 million on deals throughout the rest of the year, $11.5 million in 2020 and $5.1 million in 2021 and $2.7 million in 2022, Cleveland Business reported.

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