CBIZ, Inc. has acquired certain assets of Diversified Industries, Inc. for an undisclosed amount.
Diversified Industries, which conducts business as Payroll Control Systems, launched in 1996 in Brooklyn Center, Minn. PCS provides payroll, payroll tax, time and labor, and human resources solutions to more than 1,400 small and mid-sized clients throughout the U.S.
The deal is expected to add 37 employees and approximately $6 million to CBIZ annual revenue.
"This is a great opportunity for us to leverage our synergies and address our clients' needs with enhanced products and services," PCS president Robert Wessel said in a statement.
"This transaction will result in increased operating efficiencies and additional sales talent within the Midwest region of our payroll division, which will augment our current East region operations in Roanoke, Va., and West Coast operations in Palm Desert, Calif.,” CBIZ chairman and CEO
Steve Gerard added. “We look forward to working with Bob and his team to continue to grow this business in the Midwest region and beyond."