CBiz to Sell New York Office

Accounting firm roll-up concern CBiz Inc. agreed to sell its New York office to regional firm Marcum & Kliegman, a deal that includes two partners and 15 professionals. Terms were not disclosed. M&K chief executive Jeffrey Weiner told WebCPA that following the close of the deal, the CBiz office and personnel will be consolidated into M&K's New York City venue. M&K also has offices on Long Island and in Connecticut. He estimated the deal would close sometime in September. "They were looking to sell it and we were the best bidder," Weiner said. "The addition [of CBiz] just augments what we do already." Executives of CBiz did not return calls by presstime. CBiz and its audit and attest arm, Mayer Hoffmann McCann, ranked No. 8 on Accounting Today's 2007 Top 100 Firms list with revenues of $466.8 million. Marcum & Kliegman ranked No. 25 with revenues of $85 million.