Seller: Tegrit Group
Transaction Type: Sell Side M&A
Headquarters: Livonia, MI
Overview: Tegrit Group is a recordkeeping and technology solution for retirement administration and health-defined benefit plans. Tegrit is a national provider of actuarial consulting and retirement plan administration.
Buyer: CBIZ, Inc. (NYSE: CBZ)
Headquarters: Cleveland, OH
Overview: 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 and valuation companies in the United States, the Company’s services are provided through nearly 100 Company offices in 32 states.