PRESS RELEASE
Hello Clients & Friends, I am incredibly excited to announce we have signed a definitive agreement for CBIZ, Inc. (“CBIZ”), the country's 11th-largest business advisory and CPA firm, to acquire Marcum LLP (“Marcum”). Pending various approvals, we anticipate the transaction will close this fall. Stronger Together: Marcum Joining CBIZ This strategic acquisition presents an incredible opportunity for CBIZ and Marcum to bring together the best talent in the industry to offer our clients an exceptional breadth of services and depth of expertise. Together, we'll become the seventh-largest accounting and advisory services provider in the nation. Our combined force will deliver exceptional accounting, tax, advisory, business, and insurance services to middle- market clients and attract and retain the best and brightest talent. This is an exciting step for Marcum as we look toward what's next for our business and provide you, our clients, with access to a host of new resources to service your business and personal needs. Upon close, our combined team of 10,000 professionals will offer much more to help you achieve your goals. CBIZ and Marcum share a dedication to high-quality, innovative, professional services, investor protection, and personalized local client relationships. By joining forces, we'll capitalize on our strengths, sharpen our insights in a variety of industries, and leverage our similar models to serve you better. We will continue to work alongside you as your trusted advisors for your most important strategic decisions. When it comes to innovation, our shared commitment to leveraging our proprietary data and deploying the latest technology will enable the development and expansion of new solutions – business intelligence, workflow reengineering, and machine learning – ensuring we meet your evolving needs and offer actionable solutions that are miles ahead of the competition. Our partners look forward to talking with you in more detail about the opportunities this combination presents. Have no doubt, you will continue to receive the premier level of service you have come to expect from Marcum. As a CBIZ client, very little will change. You will continue to work with the same professionals and partners you have come to know and trust. Our phone numbers and email addresses will remain unchanged, and we will operate out of our current offices. Please reach out if you have any questions about this process. We will communicate early and often about any changes to our processes to provide a seamless transition. The future has never been more exciting because of the growth opportunities it will unleash for our people and the solutions it will provide our clients. I thank you for your business and your continued trust in our Firm. Best Regards, Jeffrey M. Weiner Chairman & CEO Marcum LLP HOSPITALITY NEWS OCT | Page 73
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