CBIZ Inc. (NYSE: CBZ) has purchased private equity consulting agency CMF Associates for an undisclosed amount.

Founded in 2001, CMF Associates offers financial, operational and human capital consulting to private equity firms and their portfolio companies. The agency has served as a resource to more than 135 PE funds across more than 500 companies, providing: transaction advisory, financial planning, and executive search services. In 2016, CMF Associates reported $19.2 million in revenue. The target is based in Philadelphia.

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