Cbiz Inc. said it has acquired Clearview National Partners Inc., a Waltham, Mass.-based employee benefits broker that specializes in midsize accounts.
Terms of the deal were not disclosed.
The acquisition will add approximately $2.5 million in annual revenue to Cbiz’s employee benefits practice, the Cleveland-based financial services firm said Tuesday in a statement.
“(Clearview’s) extensive employee benefits underwriting experience and analytical capabilities will greatly benefit our clients,” Cbiz Chairman and CEO Steve Gerard said in the statement. “The New England market already has access to our accounting, tax and financial services expertise, and with this acquisition we will be better equipped to provide premier employee benefit solutions to our clients as well.”
Cbiz is the 16th-largest broker of U.S. business according to Business Insurance’s latest rankings.