Bain Capital invests $250 million in business services firm Sikich to fuel growth plans

Bain Capital has recently invested $250 million in the business services firm Sikich, marking the company’s first outside investment since its founding in 1982. The investment, structured as preferred equity, will be used to finance Sikich’s expansion plans. The Chief Executive of Sikich, Christopher Geier, stated that the company has reached an “inflection point” in its growth and that Bain’s involvement will help them take the next steps in their development. With more than 2,000 employees operating across the U.S. and internationally, Sikich offers services such as auditing, managing employee programs, and succession planning. The valuation of Sikich following the investment was not disclosed.

Bain Capital Special Situations’ partner Cristian Jitianu highlighted Sikich’s success in gaining market share in a fragmented market despite a decrease in large leveraged buyout volumes in recent years. Growth equity investments by private equity firms have remained at healthy levels according to a report from data provider PitchBook, suggesting that businesses like Sikich with strong growth potential continue to attract investment interest.