Private equity firm Sterling Partners is relocating its main office to downtown Chicago to attract valuable and creative collaborators.
"We want to create an environment that stimulates great ideas for us and our portfolio companies," said Steven Taslitz, chairman of the company. "The resources and talent that reside in the heart of Chicago will serve as a catalyst to be better, more thoughtful and creative partners."
One place to find new partners could be their new neighborhoods: Northwestern and the University of Chicago. Eric Becker, the company's co-founder, says he hopes that these nearby institutions will bring the firm "talent, energy and innovation."
This desire to tap the fruits of local educational institutions is something that Sterling has been emphasizing recently. In early June, the company announced that it was buying a controlling stake in Chicago's digital media art college, Tribeca Flashpoint Media Arts Academy, according to Crain's Chicago Business.
Chicago Mayor Rahm Emanuel said he was glad the firm decided to relocate to downtown Chicago. "[The move] affirms the city's position as a leading financial center and further enhances confidence in Chicago as a city on the move," he said.
To help smooth what will surely be a complicated move, Sterling could likely benefit from the services of a moving and relocation company. Relocation movers can ensure that everything is organized and planned so that a business can focus on continuing their operations with minimal disturbances.