Sikich Secures $250 Million Investment from Bain Capital for Expansion Plans

Sikich, a business services firm based in Chicago, has received a $250 million investment from Bain Capital. The investment, structured as preferred equity, will support Sikich’s expansion plans. Founded in 1982 and previously without outside investors, the company is at an “inflection point” in its growth and aims to expand further through new acquisitions and strategic partnerships. The exact valuation of Sikich following this investment has not been disclosed by Bain.

With over 2,000 employees and a presence in the U.S. and internationally, Sikich offers services such as auditing, managing employee programs, and succession planning. According to Cristian Jitianu, a partner at Bain Capital Special Situations, Sikich’s unique business model has allowed it to gain market share despite a fragmented market. Although large leveraged buyout volumes have decreased in recent years due to financing challenges, there has been sustained interest from private equity firms in growth equity investments. This trend was highlighted in a recent report from data provider PitchBook.