CBIZ Acquires American Pension Advisors Of Indianapolis, Effective July 1, 2023; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
CBIZ has acquired American Pension Advisors (APA), a full-service retirement plan consulting and administration firm. The acquisition, effective from July 1, 2023, will add 14 employees and approximately $2.9 million in revenue to CBIZ. The terms of the deal were not disclosed.
July 05, 2023 | 8:03 pm
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CBIZ's acquisition of APA could potentially boost its revenue by $2.9 million and expand its workforce by 14 employees.
The acquisition of APA by CBIZ is likely to have a positive impact on CBIZ's stock in the short term. The addition of 14 employees and $2.9 million in revenue could potentially boost CBIZ's financial performance and market position.
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