Market Overview

CBIZ Acquires Meridian Insurance Group, LLC

CBIZ, Inc. (NYSE: CBZ) today announced that it has acquired Meridian Insurance Group, LLC ("Meridian") of Boca Raton, FL, effective January 1, 2012.

Founded in 2004, and with offices in Boca Raton, FL, and Atlanta, GA, Meridian is an established southeast regional insurance broker specializing in multiple insurance products and services including property and casualty insurance and bonding, personal lines and employee benefits. Meridian provides consultative professional insurance services to clients. Meridian has 22 employees and is expected to contribute approximately $4.4 million in revenue to CBIZ during 2012.

Steven L. Gerard, CBIZ Chairman and CEO, stated, "The acquisition of Meridian is an important step in building out the suite of services in both our Boca Raton and Atlanta offices. This acquisition will further enhance these two already established CBIZ markets. Greg and his group have an excellent reputation in the southeast and we anticipate growing our business together. We are particularly eager to provide greater property and casualty products to our clients in this region."

Posted-In: News M&A

 

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