Cleveland-based IPA 100 firm CBIZ (FY22 net revenue of $1.2 billion) announced it has acquired tax and accounting service provider Erickson Brown & Kloster (EBK) of Colorado Springs, Colo., effective Feb. 1. Concurrent with this transaction, Mayer Hoffman McCann announced the acquisition of the attest assets of EBK.
Founded in 1984, EBK provides tax and accounting services to a diverse mix of businesses, including automotive, wholesale, medical services, real estate, manufacturing and non-profit. EBK has 50 employees and recorded approximately $8.9 million in revenue over the past year.
Jerry Grisko, president and CEO of CBIZ, said, “We’re excited to combine our current successful Denver operations with EBK to create an even stronger team to serve clients across Colorado Springs, Denver and all of Colorado. These two highly respected teams will work closely together for maximum benefit for both our clients and our team members. We are pleased to welcome Phil Erickson, Jeff Rosacker and the entire EBK team to CBIZ.”
Phil Erickson, co-MP of EBK, stated, “Our firm has always looked for ways we can provide greater value to our clients and purpose-filled careers for our team members. Joining CBIZ is incredibly exciting because this allows us to meet both objectives. Our team of dedicated professionals now have immediate access to enhanced tools, resources and expertise that would have taken decades of time and countless dollars for us to develop on our own. We look forward to working with CBIZ to better serve the community our firm has supported for multiple generations.”
