CBIZ Announces The Sale Of Its Wichita Financial Services Office

Jan 12, 2016, 16:15 ET from CBIZ, Inc.

CLEVELAND, Jan. 12, 2016 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) today announced it has sold its Wichita, Kansas financial services office to Swindoll, Janzen, Hawk & Loyd, LLC, effective December 31, 2015. 

Steven L. Gerard, Chairman and Chief Executive Officer of CBIZ, stated "The relatively small size of our Wichita accounting office did not provide us with sufficient scale to grow in this market.  We believe this transaction provides all parties with a positive outcome."

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.

NYSE: CBZ * www.cbiz.com * Twitter @cbz