CBIZ has revealed its wholly-owned subsidiary CBIZ MHM Northern California, LLC has acquired the non-attest assets of Shea Labagh Dobberstein (SLD) of San Francisco, California, effective September 1, 2021.
CBIZ also revealed that, concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm, announced the acquisition of the attest assets of SLD.
CBIZ, Inc. and Mayer Hoffman McCann P.C. are parties to an alternative practice structure. The two companies are separate and independent legal entities that work together to serve clients’ business needs.
With offices in San Francisco, San Mateo and Walnut Creek, SLD has been providing a full spectrum of professional accounting, tax and advisory services to privately held businesses, individuals and nonprofit organizations throughout the San Francisco Bay area since 1944. SLD has 95 employees and approximately $30m in annual revenue.
Jerry Grisko, President and CEO of CBIZ, said: “We continue to invest in opportunities across California as part of our long-term strategy to better establish our brand, increase our presence and expand our reach up and down the West Coast. In SLD, we found a partner with a complementary service and client mix, an expert team and a long-standing commitment to exceptional client service.
“We look forward to collaborating with SLD to expand the service offerings to their existing clients and to capitalize on opportunities to accelerate growth. I’m excited to welcome SLD team to CBIZ.”
James R. Dobberstein, of SLD, added: “Joining CBIZ is an important step forward for our clients and team. This move allows us to offer additional services to address client needs while providing growth and development opportunities for our team members. Most of all, we value the cultural fit we found with CBIZ. We share an unwavering commitment to client service and growing our business by cultivating relationships.”