Bain Capital invests $250 million in Sikich, a Chicago-based business services firm

Bain Capital has invested $250 million in the business services firm Sikich, marking the first outside investment in the Chicago-based company since its founding in 1982. The investment is structured as preferred equity and will be used to finance Sikich’s expansion plans.

Sikich’s CEO, Christopher Geier, stated that the company has reached an “inflection point” in its growth, with doubling in size over the last five years. 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.

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. This trend suggests that businesses like Sikich continue to attract investment interest due to their strong growth potential.