Sikich, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital. This funding positions Sikich to utilize Bain Capital’s resources while accelerating continued and aggressive growth, enhancing operational excellence, and solidifying its professional services leadership position in an industry undergoing rapid consolidation.
Sikich maintains majority control of the company and its existing executive and leadership teams, led by CEO Christopher Geier. Launched in 1982, Sikich has been on a path of rapid growth under the leadership of Mr. Geier, who assumed the CEO role in 2017. During this time, Sikich has grown revenue by nearly 300% and expanded its geographic reach, now serving clients in all major U.S. markets and worldwide with nearly 2,000 employees.
This investment was made from funds Bain Capital Special Situations and Bain Capital Credit managed. PJT Park Hill worked as financial advisor and Holland & Knight and Vedder Price acted as legal advisor for Sikich. And Kirkland & Ellis and Hunton Andrews Kurth acted as legal advisors for Bain Capital.
KEY QUOTES:
“This is an incredibly exciting time for our organization. We’ve been executing an ambitious growth and diversification strategy to capitalize on unique and favorable market conditions within an evolving professional services landscape, more than doubling in size over the last five years alone. Partnering with a leading global investor like Bain Capital is a testament to our strategy and provides us with additional meaningful resources and extensive knowledge to advance our mission and deliver on our value proposition to employees and clients.”
“Bain Capital has already proven to be a collaborative and solutions-oriented partner, confirming what we know to be a great cultural fit between our two organizations. We’ve held firm to our vision for Sikich over the last several years and, with their support, I am confident in this next chapter of our journey and what we can accomplish.”
- Sikich CEO Christopher Geier
“We have watched Sikich thrive under Chris and his talented team’s leadership as they continue to set the industry standard across their leading accounting, technology and advisory solutions. As competition for talent and clients remains high, Sikich’s differentiated business model has enabled the company to gain share in a fragmented market. We are excited to support Sikich’s continued growth strategy, focused on acquisitions and strategic partnerships, with a tailored structure that maximizes value creation while allowing Sikich to retain majority control of the business.”
- Cristian Jitianu, a Partner at Bain Capital Special Situations
