CHICAGO (Sept. 25, 2019) – Baker Tilly Capital, LLC (Baker Tilly Capital), a boutique investment banking practice and wholly-owned subsidiary of Baker Tilly US, LLP (Baker Tilly), is pleased to announce the sale of its client, Suburban Group (Suburban) to High Street Capital, a Chicago-based private equity firm.
Family-owned and operated for the last 40 years, Suburban is a premier provider of a complete line of drywall, insulation, steel stud framing and custom finishing services for a diversified mix of commercial, multi-family and residential construction customers throughout Southeastern Wisconsin.
Baker Tilly Capital served as the exclusive advisor to Suburban in connection with this transaction, developing and implementing a full marketing process to both strategic and private equity buyers. Ultimately, High Street Capital was selected to acquire Suburban due to its focus on investing in family-owned, middle-market businesses.
“We look forward to leveraging our new partnership which will help sustain the company’s momentum and guide us through the next phase of growth,” Dave Satermo, President of Suburban said. “High Street Capital’s operational expertise and capital resources will help support the company’s long-standing focus on providing our customers with high-quality and efficient construction services.”
“It was a privilege to partner with Suburban Group in the process of finding a trusted buyer to take over ownership,” Mike Milani, Baker Tilly Capital Executive Managing Director said. “With High Street Capital, Suburban found a good partner to help take the company to its next level of growth.”
To learn more about Baker Tilly Capital’s investment banking services, visit bakertillycapital.com.
About Baker Tilly Capital, LLC
Baker Tilly Capital, LLC is a boutique investment bank specializing in merger and acquisition (M&A), capital sourcing, project finance and corporate finance advisory services. The Baker Tilly Capital team is led by investment bankers and corporate finance specialists that have meaningful experience advising clients in evaluating strategic and financial alternatives, creating and executing sell-side and buy-side M&A strategies, and identifying cost-effective financing alternatives and sources. Backed by Baker Tilly US, LLP, a national accounting and advisory firm with significant industry expertise, Baker Tilly Capital offers value added insights before, during and after the transaction. Baker Tilly Capital, LLC is a registered broker-dealer, member FINRA and SIPC.
About Baker Tilly US, LLP (bakertilly.com)
Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 145 territories, with 34,700 professionals. The combined worldwide revenue of independent member firms is $3.6 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.
Baker Tilly US, LLP is a member of the Baker Tilly International network, the members of which are separate and independent legal entities. Baker Tilly refers to the global network of accounting firms of Baker Tilly International Limited. Each member firm is a separate legal entity. Baker Tilly International Limited does not provide services to clients.