CBiz has signed a deal to acquire Mahoney Cohen, a New York-based accounting firm that is expected to contribute about $55 million in annual revenue next year.

CBiz, which operates in an alternative practice structure with Mayer Hoffman McCann, ranked eighth on Accounting Today’s 2008 list of the Top 100 Firms, with $500.72 million in annual revenue. Mahoney Cohen ranked 52nd on the list. The deal is expected to close Dec. 31.

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