Sikich maintains majority management of the corporate and its present govt and management groups, led by Christopher Geier (Chief Government Officer).
Based in 1982, Sikich has been on a path of speedy progress below the management of Geier, who assumed the CEO position in 2017. Throughout this time, Sikich has grown income by almost 300% and expanded its geographic attain, now serving purchasers in all main U.S. markets and world wide with almost 2,000 workers.
“That is an extremely thrilling time for our organisation. We’ve been executing an bold progress and diversification technique to capitalise on distinctive and beneficial market circumstances inside an evolving skilled companies panorama, greater than doubling in measurement over the past 5 years alone,” stated Geier. “Partnering with a number one world investor like Bain Capital is a testomony to our technique and gives us with extra significant assets and intensive information to advance our mission and ship on our worth proposition to workers and purchasers.”
“We now have watched Sikich thrive below Chris and his proficient group’s management as they proceed to set the business customary throughout their main accounting, know-how and advisory options,” stated Cristian Jitianu, a Associate at Bain Capital Particular Conditions. “As competitors for expertise and purchasers stays excessive, Sikich’s differentiated enterprise mannequin has enabled the corporate to achieve share in a fragmented market. We’re excited to assist Sikich’s continued progress technique, targeted on acquisitions and strategic partnerships, with a tailor-made construction that maximises worth creation whereas permitting Sikich to retain majority management of the enterprise.”
“Bain Capital has already confirmed to be a collaborative and solutions-oriented accomplice, confirming what we all know to be an amazing cultural match between our two organisations,” added Geier. “We’ve held agency to our imaginative and prescient for Sikich over the past a number of years and, with their assist, I’m assured on this subsequent chapter of our journey and what we are able to accomplish.”The funding was constituted of funds managed by Bain Capital Particular Conditions and Bain Capital Credit score. PJT Park Hill acted as monetary advisor, and Holland & Knight LLP and Vedder Worth acted as authorized advisor for Sikich.
Kirkland & Ellis LLP and Hunton Andrews Kurth LLP acted as authorized advisors for Bain Capital.
Sikich at present practices in another follow construction in accordance with the AICPA Skilled Code of Conduct and relevant legislation, laws, {and professional} requirements. Sikich CPA LLC is a licensed CPA agency that gives audit and attest companies to its purchasers. Sikich LLC has a contractual association with Sikich CPA LLC below which Sikich LLC gives Sikich CPA LLC with skilled and assist personnel and different companies to assist Sikich CPA LLC’s efficiency of its skilled companies, and Sikich CPA LLC shares sure shopper data with Sikich LLC with respect to the supply of such companies.
*Securities supplied by Sikich Company Finance LLC, member FINRA/SIPC. Funding advisory companies supplied by Sikich Monetary, an SEC Registered Funding Advisor.
About Sikich
Sikich LLC is a world firm specializing in technology-enabled skilled companies. With almost 2,000 workers, Sikich attracts on a various portfolio of know-how options to ship transformative digital methods. From firms and not-for-profits to state and native governments and federal businesses, Sikich purchasers make the most of a broad spectrum of companies* and merchandise to assist them enhance efficiency and obtain long-term, strategic objectives.
About Bain Capital
Bain Capital, LP is without doubt one of the world’s main personal multi-asset different funding corporations that creates lasting affect for our buyers, groups, companies, and the communities during which we dwell. Since our founding in 1984, we’ve utilized our perception and expertise to organically increase into quite a few asset courses together with personal fairness, credit score, public fairness, enterprise capital, actual property and different strategic areas of focus. The agency has workplaces on 4 continents, greater than 1,750 workers and roughly $180 billion in belongings below administration. To be taught extra, go to www.baincapital.com
Disclaimer – The above content material is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, regarding it, and doesn’t assure, vouch for or essentially endorse any of the content material.