CBIZ acquires national executive search firm EFL Associates
CBIZ, Inc. has announced that it has acquired EFL Associates, Inc. ("EFL"), a national executive search firm based in Overland Park, KS, effective April 1, 2008.
Founded in 1978, EFL Associates is a retained executive search firm with offices in Kansas, Denver, Chicago, and Boston providing services to commercial and industrial companies, development-stage organizations, and non-profit organizations. EFL has well recognized specialty practices in the fields of higher education and the public pension retirement industry. EFL recorded approximately $4.8 million in revenue during 2007 and has approximately 34 associates.
Steven Gerard, CBIZ Chairman and Chief Executive Officer stated, "Acquiring one of the premier executive search firms in the United States will further expand our Human Capital Services business especially in the area of recruiting. We welcome Pete Lemke, Jay Meschke and their talented team to CBIZ and look forward to working with them."
Pete Lemke, EFL Chairman and Chief Executive Officer stated, "We have worked with CBIZ for years and are excited to join such a high-performance, well regarded business services company. The combination of CBIZ and EFL will provide our clients with broader resources, capabilities and enhanced service offerings."
CBIZ, Inc. provides professional business services that help clients better manage their finances, employees, and technology. As the largest benefits specialist, one of the largest accounting, valuation, and medical practice management companies in the United States, CBIZ provides its clients with financial services which include accounting and tax, internal audit, merger and acquisition advisory, and valuation. Employee services include group benefits, property and casualty insurance, payroll, HR consulting, and wealth management. CBIZ also provides information technology, hardware and software solutions, government relations, healthcare consulting, and medical practice management. These services are provided throughout a network of more than 140 Company offices in 34 states and the District of Columbia.
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