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Case Study 42: Grant Thornton, CBIZ and the Public Company That Became Harder to Keep Public

henricodolfing.ch · published 10 August 2026

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https://ir.cbiz.com/ir-resources/frequently-asked-questions
ir.cbiz.com
https://www.sec.gov/Archives/edgar/data/944148/000119312524189467/d870469d8k.htm
sec.gov
https://marketchameleon.com/PressReleases/i/2346181/CBZ/grant-thornton-advisors-to-acquire-cbiz-for
marketchameleon.com
https://www.sec.gov/Archives/edgar/data/944148/000162828025008893/cbz-20241231.htm
sec.gov
https://www.sec.gov/Archives/edgar/data/944148/000094414826000038/cbz-20251231.htm
sec.gov
https://www.ft.com/content/5f59f6a3-1203-4556-a8e8-455755cb9104
ft.com
https://www.ft.com/content/7bb6a7e3-a68d-4b23-aef5-7b93fa21559b
ft.com
https://www.sec.gov/Archives/edgar/data/944148/000119312524220093/d874151ddefm14a.htm
sec.gov
https://www.sec.gov/Archives/edgar/data/944148/000094414826000069/cbz-20260331.htm
sec.gov
https://www.sec.gov/Archives/edgar/data/944148/000162828025019921/cbz-20250331.htm
sec.gov
https://www.sec.gov/Archives/edgar/data/944148/000119312524249818/d883302dex992.htm
sec.gov
https://www.sec.gov/newsroom/press-releases/2023-114
sec.gov
https://pcaobus.org/news-events/news-releases/news-release-detail/imposing-3-million-fine-and-requiring-first-ever-changes-to-supervisory-structure-pcaob-sanctions-marcum-llp-for-significant-quality-control-violations
pcaobus.org
https://www.sec.gov/Archives/edgar/data/944148/000094414826000067/q12026earningrelease.htm
sec.gov
https://www.sec.gov/Archives/edgar/data/944148/000094414826000035/q42025earningrelease.htm
sec.gov
https://www.grantthornton.com/insights/press-releases/2026/may/gt-advisors-to-expand-ai-and-technology-led-services-by-acquiring-mca-connect
grantthornton.com
https://www.grantthornton.com/insights/press-releases/2024/may/new-mountain-capital-and-grant-thornton-close-growth-investment
grantthornton.com
https://www.grantthornton.com/insights/press-releases/2025/september/gt-advisors-invest-to-arm-the-multinational-workforce
grantthornton.com
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3165028
spglobal.com
https://assets.pcaobus.org/pcaob-dev/docs/default-source/inspections/reports/documents/104-2025-092-cbiz.pdf?sfvrsn=68dd8a2d_2
assets.pcaobus.org
https://www.grantthornton.com/insights/press-releases/2026/january/grant-thornton-craig-woodfield-assurance-quality-risk
grantthornton.com
https://www.grantthornton.com/insights/press-releases/2026/may/grant-thornton-launches-gtap-audit-transformation-us
grantthornton.com
https://www.henricodolfing.ch/en/the-regulated-trust-layer-how-private-equity-is-separating-audit-from-the-economic-platform-around-it/
henricodolfing.ch
https://www.henricodolfing.ch/en/case-study-23-the-fragmentation-of-a-global-firm-how-private-equity-is-reshaping-grant-thornton/
henricodolfing.ch
https://www.henricodolfing.ch/en/future-of-professional-services-board-sessions/
henricodolfing.ch
https://www.sec.gov/Archives/edgar/data/944148/000162828024046201/cbz-20240930.htm
sec.gov