SOURCE: Sikich Investment Banking

Sikich Investment Banking

October 04, 2011 14:53 ET

Sikich Investment Banking Recent Transaction -- Recapitalization of Brook Furniture Rental, Inc.

Sikich Team Experience and Extensive Knowledge of the Financing Markets Was Instrumental in Bringing a Complex Transaction to a Successful Outcome

CHICAGO, IL--(Marketwire - Oct 4, 2011) - Sikich Investment Banking, headquartered in Chicago, has announced its most recent completed transaction: Brook Furniture Rental, Inc.'s recapitalization on September 30, 2011.

Brook is the premier provider of high-quality rental furniture for both residential and commercial use, targeting a time-sensitive customer in most of the largest cities in the United States. Brook, located in Lake Forest, Illinois, has 16 showrooms, seven distribution centers and employs more than 300 team members.

The recapitalization transaction was executed by the Sikich team of Managing Director Terry Bressler and Director John Ebe. According to Bressler, the Brook transaction demonstrates Sikich Investment Banking's capabilities in raising capital in a complex, multi-tranche situation for middle-market companies.

"The Brook transaction exemplifies our firm commitment to family businesses and their financing needs and demonstrates our ability to structure and arrange complex financings," said Bressler.

This marks the second major transaction for Sikich Investment Banking in just a few weeks. In September, the firm announced its successful transaction of Google's purchase of Kansas City-based Zave Networks, a mobile and online coupon provider. Sikich acted as the exclusive sell-side advisor to Zave's management team and investors for that transaction.

"The Sikich team's efforts were instrumental in helping Brook identify new capital partners and execute the recapitalization," said Robert W. Crawford, Jr, CEO of Brook Furniture Rental, Inc. "We believe that this transaction positions Brook very well to continue to implement our business strategy, and most importantly, to continue to provide the highest quality service in the industry to our customers."

"As a Midwestern investment bank, we are proud to have advised this leading Chicago-based company on this transaction. Part of our role in serving companies is to help them identify optimum forms of capitalization to support their goals and then put the structures in place to secure it," added Christopher Geier, Partner-in-Charge of Sikich Investment Banking. "We are committed to building a sophisticated investment banking group dedicated to helping clients finance and grow their businesses or to achieve liquidity through company sales. The Brook recapitalization, as well as our recent Zave Networks transaction, is indicative of our commitment to this type of transaction," he went on to say.

Terms of the transaction were not disclosed.

About Brook Furniture
Brook Furniture Rental has been leasing and renting top quality furniture for over 31 years. Brook makes the rental process pleasant, easy and precise by providing a valuable, helpful service for people and businesses in transition. Brook has won many industry awards and earned many customer commendations for assisting with a variety of rental situations including temporary employment assignments, residential relocations, job transfers, or experiencing other interim circumstances.

About Sikich Investment Banking
Based in Chicago, Sikich Investment Banking is part of Sikich LLP, a highly-integrated, multidisciplinary professional services firm with more than 350 employees and 9 offices located in Illinois, Indiana and Missouri. Sikich Investment Banking is the Firm's corporate finance and advisory practice, and through its wholly-owned subsidiary, Sikich Corporate Finance LLC, a registered broker-dealer and member of FINRA/SIPC, it provides capital raising, mergers and acquisitions, and strategic advisory services tailored to middle market clients in the U.S. and abroad. The Firm's investment banking partners are known for their expertise in negotiating complicated issues and structures, and navigating through the complexities inherent in industries such as technology, healthcare, life sciences, manufacturing, and others. Their strategic advisory acumen enables them to effectively guide client companies through the process of defining and honing their value proposition, understanding the competitive landscape and where they fit, and ultimately realizing maximum investment returns. Visit www.sikich.com/ib for more information.

Securities are offered through Sikich Corporate Finance LLC, a registered broker dealer with the Securities Exchange Commission and a member of FINRA/SIPC.

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