CBIZ Acquires Millimaki Eggert, LLP

Jan 05, 2016, 16:15 ET from CBIZ, Inc.

CLEVELAND, Jan. 5, 2016 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) (the "Company") today announced that it has acquired the non-attest business of Millimaki Eggert, L.L.P., ("Millimaki Eggert") of San Diego, CA, effective January 1, 2016.  Concurrent with the transaction, Mayer Hoffman McCann P.C. announced the acquisition of the attest business of Millimaki Eggert.  CBIZ, Inc. and Mayer Hoffman McCann P.C. operate an alternative practice structure.  The two companies are separate and independent legal entities that work together to serve clients' business needs.

Founded in 2005 by Bruce Millimaki and Michael Eggert, Millimaki Eggert provides professional tax, accounting, and financial services, with a specialty niche practice in the real estate sector, to closely held businesses, their owners, and mid-to-high net worth individuals.  Millimaki Eggert has 12 employees, recorded $2.4 million in revenue over the past year, and will be integrated into the existing CBIZ San Diego office.

Commenting on joining CBIZ, Bruce Millimaki and Michael Eggert stated, "We are very excited to join CBIZ.  We look forward to the opportunity to offer our clients a more comprehensive array of services.  In addition, our team members will certainly benefit from the additional career opportunities that come with being a part of a nationally recognized company like CBIZ."

Steve Gerard, Chairman and CEO of CBIZ stated, "We look forward to Bruce, Mike, and their team joining our growing San Diego-based accounting practice. We've known and worked with Millimaki Eggert for many years and their high quality real estate practice will greatly strengthen our Southern California business."

Named one of America's 2015 Best Employers and ranked as the #1 employer in the consulting and accounting industry by Forbes magazine, CBIZ, Inc. provides professional business services that help clients better manage their finances and employees.  CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, real estate consulting, and valuation services.  Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment.  As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company's services are provided through more than 100 Company offices in 33 states.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations.  A more detailed description of such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

For further information regarding CBIZ, call our Investor Relations Office at (216) 447-9000 or visit our web site at www.cbiz.com.