CBIZ acquires National Benefit Alliance

CBIZ, Inc. (NYSE: CBZ) today announced the acquisition of National Benefit Alliance ("NBA"), an employee benefits firm located in Midvale, Utah, effective January 1, 2010.  

Founded in 1998, NBA designs, implements and administers employee benefit plans to service the unique benefit requirements for government contractors as well as the traditional commercial market.  NBA recognized the importance of combining brokerage services with superior administrative capabilities and developed proprietary software, Complete Benefit Administration System (C-BAS), to meet the needs of its clients' performing work subject to the Service Contract Act, the Davis Bacon Act and state prevailing wage laws.  NBA has 16 associates and recorded approximately $2.0 million in revenue during the past twelve months.

Steven L. Gerard, CBIZ Chairman and CEO, stated, "National Benefit Alliance's reputation for excellent client service, together with their proprietary benefit technology and expertise in serving the government contracting industry, made them an ideal strategic acquisition candidate for CBIZ.  We look forward to welcoming the leadership of Bick Robbins, John Gilmore and the NBA team, and strengthening our Employee Services technology offerings."

Commenting on becoming part of the CBIZ organization, NBA's Bick Robbins stated, "CBIZ's commitment to client service, impressive national presence, and strength in the market will provide the right resources and create the synergy we needed to take our unique services to the next level."

Source: CBIZ, Inc.