Market Overview

CBIZ Acquires Pruett Group

CBIZ, Inc. (NYSE: CBZ) today announced that it has signed a definitive agreement to acquire Strategic Employee Benefit Services - The Pruett Group, Inc. ("SEBS-Pruett") of Nashville, Tennessee, effective October 1, 2012.

Founded in 1984, SEBS-Pruett is an employee benefit and consulting firm providing mid-sized businesses with group health insurance located in Nashville, Tennessee, with additional offices in Chattanooga, Johnson City and Knoxville.  The SEBS-Pruett acquisition is expected to add 36 employees and approximately $5.1 million to CBIZ annualized revenue.

Posted-In: News M&A

 

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