Cleveland-based IPA 100 firm CBIZ (FY19 net revenue of $811 million) has acquired ARC Consulting LLC and ARC Placement Group LLC (ARC) of San Francisco.
Founded by Gary Klintworth and Jim Loughmiller in 2007, ARC provides specialized accounting and advisory services to high-growth companies in the San Francisco area, including technical and transactional accounting, internal and external reporting, external audit preparation, systems implementation, process improvement and IPO advisory and consulting. ARC also provides finance and accounting talent placement services. ARC has 46 employees with approximately $17.3 million in annual revenue.
“We are pleased to welcome Gary, Jim and the entire ARC team to CBIZ,” says CBIZ president and CEO Jerry Grisko. “ARC serves many of the fastest-growing businesses in North America and their commitment to client service is reflected in their notable reputation and company culture. This acquisition strengthens CBIZ’s presence in northern California and enhances our ability to provide a broad array of specialized accounting services including IPO readiness and other public company reporting.”