CBIZ has agreed to acquire Florida-based Meridian Insurance, an emerging Insurance broker, in a move to support its business growth strategy.
CBIZ chairman and CEO Steven Gerard said the acquisition of Meridian will help build the suite of services in both its Boca Raton and Atlanta offices and it will further enhance these two already established CBIZ markets.
CBIZ’s has appointed Greg Cryan as a Southeast Regional president for property and casualty division.
Meridian provides consultative professional insurance services to clients and is expected to contribute $4.4m in revenue to CBIZ during 2012.
Meridian, founded in 2004, is a southeast regional insurance broker specializing in multiple insurance products and services including property and casualty, bonding, personal lines and employee benefits.
CBIZ, provides professional business financial services including accounting, tax and consulting, internal audit, merger and acquisition advisory and valuation services. It has branches in the US, and provides services through more than 140 Company offices in 36 states.