Grant Thornton sold a majority stake to New Mountain Capital in June 2024 and has since operated in an alternative practice structure: Grant Thornton LLP, a licensed CPA firm, provides attest services, and Grant Thornton Advisors LLC provides business advisory and non-attest services. Upon completion of the transaction, CBIZ will become wholly owned by Grant Thornton Advisors, and CBIZ stock will cease to trade and no longer be listed on the New York Stock Exchange. Deutsche Bank is acting as lead financial advisor for Grant Thornton Advisors. Evercore is acting as financial advisor to New Mountain Capital and Grant Thornton on the CBIZ Benefits and Insurance segment. Simpson Thacher & Bartlett LLP, Mayer Brown LLP, and Hunton Andrews Kurth LLP are serving as legal advisors to Grant Thornton Advisors, and Goldin Solutions is serving as strategic communications advisor.