Grant Thornton's US arm has agreed to purchase rival accountant CBIZ Inc. for $5 billion, a move representing one of the largest professional services acquisitions in recent years. CBIZ, a national professional services advisor, offers expertise in accounting, tax, advisory, benefits, insurance, and technology, serving clients across 23 major markets with over 9,500 team members.

The Grant Thornton Advisors multinational platform comprises nearly 20 aligned firms globally, uniting approximately 25,000 professionals to deliver cross-border solutions. This acquisition is poised to significantly expand Grant Thornton's capabilities and market presence.

The deal's forward-looking statements, subject to risks and uncertainties, anticipate the successful integration of both entities. Potential challenges include regulatory approvals, unforeseen costs, and the ability to realize anticipated benefits and strategic synergies. The transaction's completion remains contingent upon various closing conditions and shareholder approvals.