CBIZ Acquires IPA 200 Firm

CBIZ Acquires IPA 200 Firm

Cleveland-based IPA 100 firm CBIZ (FY20 net revenue of $824.7 million) has acquired the non-attest assets of San Francisco-based IPA 200 firm Shea Labagh Dobberstein (SLD) (FY20 net revenue of $30.3 million).

Concurrent with this transaction, Kansas City-based Mayer Hoffman McCann PC announced the acquisition of the attest assets of SLD. CBIZ and Mayer Hoffman have an alternative practice structure as separate and independent legal entities that work together to serve clients’ business needs.

Founded in 1944, SLD provides accounting, tax and advisory services to privately held businesses, individuals and non-profit organizations throughout the San Francisco Bay area. The firm has approximately 94 employees.

“In SLD, we found a partner with a complementary service and client mix, an expert team and a long-standing commitment to exceptional client service,” says CBIZ president and CEO Jerry Grisko. “We look forward to working closely with the SLD team to expand the service offerings to their existing clients and to capitalize on opportunities to accelerate growth.”

“SLD was diligent in its efforts to identify the right partner that would enhance the client experience, expand opportunities for their professionals and continue to pursue growth,” adds Allan Koltin, CEO of the Koltin Consulting Group, who advised both firms on the deal. “The alignment on values and strong client focus made this a natural fit.”