07:41 AM EDT, 07/31/2024 (MT Newswires) -- CBIZ ( CBZ ) said Wednesday that it has agreed to acquire the non-attest business of accounting firm Marcum in a cash-and-stock deal valued at $2.3 billion.

The deal is slated to be completed in Q4.

New York City-headquartered Marcum has 43 offices in major markets across the US, serving more than 35,000 clients.

Concurrent with the closing of the deal, the attest business of Marcum will be acquired by Mayer Hoffman McCann, with which CBIZ ( CBZ ) has had an administrative service agreement for over 25 years.

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