CBIZ Business Summary

CBIZ, Inc. (CBZ) operates as a leading provider of professional business services, primarily targeting the U.S. middle market through a diversified revenue model centered on fee-for-service and commission-based structures. The company’s operations are divided into three primary segments: Financial Services, which generates the majority of revenue through accounting, tax, and specialized advisory services; Benefits and Insurance Services, providing brokerage and consulting for employee benefits, payroll, and property and casualty insurance; and National Practices, which manages large-scale specialized contracts. Following the transformative 2024 acquisition of Marcum LLP, CBIZ has significantly scaled its national footprint, reporting 2025 revenues of approximately $2.76 billion. The company competes directly with national professional service firms such as FTI Consulting, Huron Consulting Group, and RSM US, positioning itself as a high-touch, integrated alternative to the Big Four by offering a comprehensive suite of back-office and advisory solutions under a single brand. Leadership is spearheaded by President and CEO Jerry Grisko Jr., who has led the firm’s aggressive M&A strategy since 2016, and Senior VP and CFO Brad Lakhia, who joined in 2024 to oversee financial integration and capital allocation. Technology and innovation initiatives are directed by Peter Scavuzzo, Senior VP and Chief Strategy Officer, who serves as the National Leader of Technology, alongside CIO John Fleischer. The company was founded by Canadian entrepreneur Michael G. DeGroote, whose legacy of rapid consolidation remains a core part of the firm’s DNA. The Board of Directors is chaired by Rick Burdick, a former partner at Akin Gump, and includes notable members such as Gina France and A. Haag Sherman. Institutional backing is strong, with major positions held by investment firms like BlackRock and Vanguard, reflecting the company’s status as a stable, cash-flow-positive player in the professional services sector.