Chicago-based Sikich (FY23 net revenue of $363.8 million) has entered into a definitive agreement to acquire Saggar & Rosenberg P.C., in Sikich’s first acquisition since finalizing a minority investment from Bain Capital.
Saggar & Rosenberg of Rockville, Md., provides accounting and consulting services along with tax and audit, primarily for a broad base of government contractors, non-profit organizations, real estate companies and federal government.
“Over the last 25 years Sandy Saggar has built an impressive company that dovetails nicely with our own offerings and specialized services to non-profits and the government sector, where we have a strong presence,” says Antony Nettleton, co-managing principal at Sikich. “We look forward to leveraging the expertise of his team, who are delivering comprehensive, enterprise-wide financial solutions to clients across the country. We will serve our collective clients together, with the integrity and quality our companies are known for, while taking advantage of emerging opportunities in the market.”
Saggar said, “Over the years, Saggar & Rosenberg has experienced significant growth serving a wide range of sophisticated clients who are demanding an increasing set of diverse services. We want to support those clients with a broader set of offerings as they navigate change and do so in a way that ensures the excellent service they’ve come to expect from us.”
In May, Sikich secured a minority growth investment of $250 million from Bain Capital to help fund acquisitions, enhance operational excellence and cement its professional services leadership position. The transaction, in a departure from traditional private equity deals in professional services, leaves Sikich with majority control of the company.
