TLDR:
- Sikich LLC, a technology-enabled professional services firm, secures a $250 million minority growth investment from Bain Capital.
- The investment aims to accelerate value creation, enhance operational excellence, and solidify Sikich’s leadership position in the industry.
Sikich LLC, a global technology-enabled professional services company, has announced the receipt of a $250 million minority growth investment from Bain Capital. This investment will allow Sikich to leverage Bain Capital’s resources to accelerate growth, improve operational efficiency, and maintain its position as a leader in the professional services industry. Although Bain Capital now has a stake in the company, Sikich retains majority control of its operations, with existing management teams, including CEO Christopher Geier, remaining in place.
Sikich has experienced significant growth under Geier’s leadership, with revenues nearly tripling and an expanded geographic footprint. By partnering with Bain Capital, Sikich aims to further its growth strategy through acquisitions and strategic partnerships, while maintaining its unique business model and fostering a collaborative environment. The investment from Bain Capital Special Situations and Bain Capital Credit marks a new chapter for Sikich, as it continues to innovate and deliver value to its clients and employees.
The investment was facilitated by financial and legal advisors, highlighting the collaborative efforts of all parties involved. With this strategic partnership, Sikich looks forward to a promising future, guided by its vision and supported by the expertise and resources of Bain Capital. This collaboration underscores the commitment to growth and excellence that both companies share, positioning Sikich for continued success in the professional services landscape.
Source: The Hindu
