Sikich Investment completes recapitalization of Brook

Chicago-based

Sikich Investment Banking completed the recapitalization of Brook Furniture Rental, Inc September 30.

Brook is a 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, 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 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 financing,” said Bressler.

It 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 adviser 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. “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.”