CBIZ Inc., a professional business services firm based in Cleveland, announced that it has acquired the Savitz Organization in Philadelphia, effective April 1. Terms of the transaction were not disclosed.
Founded in 1968, Savitz is an employee retirement and health and welfare benefits firm that provides actuarial, consulting and administration outsourcing services. Savitz has 110 employees and recorded approximately $20 million in revenue during 2015. It has additional offices in Atlanta and Newton, Massachusetts.
CBIZ provides financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, real estate consulting, and valuation services. CBIZ’s employee services include employee benefits consulting, property/casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. CBIZ’s services are provided through more than 100 offices in 33 states.
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