Dechert Advises Marcum on Strategic Acquisition Agreements

Dechert advised Marcum LLP (Marcum), a leading national accounting and advisory firm, on its definitive agreement with CBIZ, Inc. (CBIZ), a prominent provider of financial, insurance, and advisory services, for the acquisition of Marcum's non-attest business.

This strategic acquisition, expected to close in Q4 2024, positions CBIZ as the seventh-largest accounting services provider in the U.S., with approximately US$2.8 billion in annual revenue. This move will enhance CBIZ's service offerings and market presence while enabling Marcum to focus on its core attest services.

Additionally, Dechert advised Marcum on the acquisition of Marcum's attest business by Mayer Hoffman McCann P.C., a national independent CPA firm that has partnered with CBIZ through an administrative service agreement for over 25 years.

The Dechert team advising on the matters includes corporate partner John LaRocca with associates Sean Herron and Evan Heller; tax partner David Passey; employee benefits partner David Jones; and labor partner Ian Downes.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology.