SOURCE: Sikich LLP

Sikich LLP

August 11, 2009 17:43 ET

Sikich Acquires Levi Littell Herbst & Co.

AURORA, IL--(Marketwire - August 11, 2009) - Sikich LLP, a leading professional services firm, announced that it has acquired Levi Littell Herbst & Co., a boutique M&A advisory firm that specializes in transactions under $100 million in enterprise value, as well as provides assistance to venture capital and private equity firms in making and managing investments.

Managing Directors Laurence W. Levi and Richard A. Herbst will join Sikich as partners and will bring all of their staff with them. Levi Littell Herbst & Co. will be integrated into Sikich's existing investment banking group and will operate under the Sikich name; however, their offices will remain in Chicago and New York.

Levi runs the New York office where he focuses on buy-side and sell-side engagements for both entrepreneur-owned and private equity-backed firms. With 15 years of experience in closing mergers and acquisitions, Laurence has executed transactions ranging in size from multibillion dollar divestitures, to rollups of small sole proprietorships.

Herbst runs the Chicago office where he focuses on buy-side and sell-side engagements for entrepreneur-owned firms, and for financial investors including private equity and venture capital firms. Rick has over 20 years of experience in strategy consulting, mergers and acquisitions and general management. In addition, he has advised and served in senior executive roles with Fortune 500 companies and large privately funded companies.

"Laurence and Rick have built a firm with an outstanding reputation among entrepreneurs and financial investors," commented Christopher Geier, Partner-in-Charge of the Investment banking practice at Sikich. "The talent in our group and our ability to leverage existing resources puts us in an even better position in the middle market to serve our clients. We are very fortunate to add their capabilities and leadership to our team," he continued.

About Sikich LLP

Sikich LLP is a public accounting and consulting firm providing public accounting and tax services, operations and management consulting, entrepreneurial services, information technology products and services, investment banking, human resource services, marketing services, retirement plan services, and wealth management. With more than 300 employees and eight offices located in Aurora, Chicago, Springfield, Rockford and Buffalo Grove, Illinois; St. Louis, Missouri; New York, New York; and Indianapolis, Indiana, Sikich serves individuals and small and middle market companies, as well as governmental and not-for-profit organizations. Visit www.sikich.com to learn more.

About Levi Littell Herbst & Co.

Levi Littell Herbst & Co. is a boutique investment banking firm that provides financial advisory services to middle market companies. The firm offers mergers and acquisitions, valuations, and strategic planning advisory services. Levi Littell has offices in Chicago and New York. Visit www.llpartners.com to learn more.

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