CBIZ, a provider of financial services, has acquired the defined benefit actuarial consulting practice of Maryland-based PSA Insurance and Financial Services.
For the past year, the defined benefit actuarial consulting book of business earned about $1.2m in profits and incorporates four associates servicing the business.
CBIZ chairman and CEO Steve Gerard said the acquisition complements the current retirement planning practice in the Mid-Atlantic region.
US-based CBIZ is a business services provider which specialises in a wide range of accounting and business management services including accounting and tax, internal audit, merger and acquisition advisory and valuation services.
The company’s services are provided through more than 140 company offices in 36 states.
CBIZ also provides outsourced technology staffing and support services, healthcare consulting, and medical practice management.