Sikich Secures $250 Million Investment from Bain Capital to Propel Growth
May 13, 2024, 8:36 pm
Location: United States, Illinois, Naperville
Employees: 1001-5000
Founded date: 1982
Total raised: $250M
In a strategic move to accelerate its growth trajectory, Sikich, a prominent technology-enabled professional services company headquartered in Chicago, has successfully secured a substantial minority growth investment of $250 million from Bain Capital. This significant infusion of capital is poised to fuel Sikich's ambitious plans for value creation and development, further cementing its position as a frontrunner in the industry.
With a workforce of nearly 2,000 dedicated employees, Sikich specializes in delivering transformative digital strategies through its diverse portfolio of technology solutions. Serving a wide array of clients ranging from corporations and not-for-profits to state and local governments and federal agencies, Sikich is renowned for its ability to enhance performance and help clients achieve long-term strategic objectives.
Christopher Geier, the Chief Executive Officer of Sikich, expressed his enthusiasm about the partnership with Bain Capital, emphasizing the invaluable resources and extensive knowledge that the global investor brings to the table. Geier views this collaboration as a testament to Sikich's strategic vision and is confident that it will enable the company to deliver on its value proposition to both employees and clients.
The investment from Bain Capital comes at a pivotal moment for Sikich, as it continues its trajectory of rapid growth and expansion under Geier's leadership. Since assuming the CEO role in 2017, Geier has spearheaded Sikich's remarkable revenue growth of nearly 300% and expanded its geographic footprint to serve clients in all major U.S. markets and globally.
The funding from Bain Capital was facilitated through Bain Capital Special Situations and Bain Capital Credit managed funds. Financial advisory services were provided by PJT Park Hill, while legal counsel was offered by Holland & Knight and Vedder Price for Sikich, and Kirkland & Ellis and Hunton Andrews Kurth for Bain Capital.
In reflecting on the partnership, Geier highlighted the exciting opportunities that lie ahead for Sikich, as the company continues to execute its growth and diversification strategy amidst a dynamic professional services landscape. The collaboration with Bain Capital underscores Sikich's commitment to innovation and excellence, positioning the company for sustained success in the industry.
Cristian Jitianu, a Partner at Bain Capital Special Situations, echoed Geier's sentiments, praising Sikich's exceptional leadership and differentiated business model. Jitianu emphasized Bain Capital's support for Sikich's growth strategy, which focuses on acquisitions and strategic partnerships while allowing Sikich to retain majority control of its business.
Overall, the $250 million investment from Bain Capital represents a significant milestone for Sikich, propelling the company towards a future marked by continued growth, innovation, and success in the competitive professional services landscape.
With a workforce of nearly 2,000 dedicated employees, Sikich specializes in delivering transformative digital strategies through its diverse portfolio of technology solutions. Serving a wide array of clients ranging from corporations and not-for-profits to state and local governments and federal agencies, Sikich is renowned for its ability to enhance performance and help clients achieve long-term strategic objectives.
Christopher Geier, the Chief Executive Officer of Sikich, expressed his enthusiasm about the partnership with Bain Capital, emphasizing the invaluable resources and extensive knowledge that the global investor brings to the table. Geier views this collaboration as a testament to Sikich's strategic vision and is confident that it will enable the company to deliver on its value proposition to both employees and clients.
The investment from Bain Capital comes at a pivotal moment for Sikich, as it continues its trajectory of rapid growth and expansion under Geier's leadership. Since assuming the CEO role in 2017, Geier has spearheaded Sikich's remarkable revenue growth of nearly 300% and expanded its geographic footprint to serve clients in all major U.S. markets and globally.
The funding from Bain Capital was facilitated through Bain Capital Special Situations and Bain Capital Credit managed funds. Financial advisory services were provided by PJT Park Hill, while legal counsel was offered by Holland & Knight and Vedder Price for Sikich, and Kirkland & Ellis and Hunton Andrews Kurth for Bain Capital.
In reflecting on the partnership, Geier highlighted the exciting opportunities that lie ahead for Sikich, as the company continues to execute its growth and diversification strategy amidst a dynamic professional services landscape. The collaboration with Bain Capital underscores Sikich's commitment to innovation and excellence, positioning the company for sustained success in the industry.
Cristian Jitianu, a Partner at Bain Capital Special Situations, echoed Geier's sentiments, praising Sikich's exceptional leadership and differentiated business model. Jitianu emphasized Bain Capital's support for Sikich's growth strategy, which focuses on acquisitions and strategic partnerships while allowing Sikich to retain majority control of its business.
Overall, the $250 million investment from Bain Capital represents a significant milestone for Sikich, propelling the company towards a future marked by continued growth, innovation, and success in the competitive professional services landscape.