Q&A With Consulting Magazine

Stax Honored as a 2024 Best Small Firm to Work For, Celebrating 30 Years of Excellence and Employee Commitment

NUMBER OF BILLABLE CONSULTANTS: 180+

CLIENT INDUSTRIES SERVED: Software & Technology, Industrials, Business services, Health Care, Consumer, and the events ecosystem

CONSULTING SERVICE LINES

Strategy across the private equity investment lifecycle including CDD, Value Creation and Growth Strategy, Exit Planning, and ESG

Stax is a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks across a broad range of industries including software/technology, industrials, business services, healthcare, consumer, and the events ecosystem. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. Headquartered in Boston, Stax also has offices in Chicago, New York, London, and Colombo, Sri Lanka.

Celebrating its 30th anniversary in 2024, Stax has entered a significant growth phase post a 2022 platform investment by Blue Point Capital Partners. This rapid growth includes geographical and product expansion, providing additional resources and opportunities for our global team while adding greater value to our global clients.

At Stax, our mission is to attract and inspire a diverse array of talented individuals, fostering unique innovation and actionable insights. This commitment to our employees has garnered recognition, with Stax being honored in the 2024 Vault Consulting 50 Best Firms for the second consecutive year, in addition to being named in Management Consulted's Top Ranked Consulting Firms 2024 and Consulting Magazine's Best Firms to Work For.

Stax's inclusion as a Best Firm to Work For can be attributed to our ongoing commitment to our mission and creating an environment where a diverse mix of talented individuals want to come, stay, and do their best work. This dedication to diversity and inclusion fuels our unique innovation and helps us to deliver actionable insights for our PE clients. Even after 30 years, we continue to fulfill this promise to our employees, ensuring a workplace where everyone can thrive.

Stax's recognition as a Best Firm to Work For is largely attributed to our continuous commitment to listening and communication. Over the past year, we've made significant strides in supporting our employees' health and wellness by expanding support for our Employee Resource Groups (ERGs), introducing new benefits, and implementing an unlimited PTO policy. These initiatives are a direct result of our leadership team's dedication to actively listening to our employees—not just during the annual engagement survey, but year-round. We prioritize creating opportunities for two-way communication at all levels, ensuring that our employees' voices are heard, and their needs are met.

What sets Stax apart from other consulting firms are two key components: our people and our exclusive focus on the private equity investment ecosystem. We are fortunate to have some of the brightest minds in consulting working under one roof. This collective brain trust, when focused on delivering rich, data-driven insights for our private equity clients, allows us to go beyond expectations and provide truly actionable insights. Our team's deep expertise and commitment enable us to deliver solutions that not only meet but often exceed the needs of our clients, making a tangible impact on their investment strategies.

As Stax celebrates its 30th anniversary this year and reflects on significant milestones, including a recent platform investment, expanding into the U.K. and EMEA markets, and broadening our product offerings, our top priority remains our people. Stax is, at its heart, a people business. For three decades, we've cultivated a unique apprenticeship model that emphasizes mentorship, professional growth, and career development. As we look to the future, we must remain focused on what has always been at our core—our commitment to our team's growth and professional development. Stax will continue to focus on attracting, developing, and retaining exceptional talent, while strategically adding senior professionals to drive our growth and success. This approach ensures a dynamic workforce and leadership team, positioning us for continued success.

During our mid-year promotions, we asked employees to reflect on their career development, the opportunities Stax has provided, and what sets us apart in the consulting industry. Understanding the question "Why Stax?" is crucial for fulfilling our commitment to our employees and helps us clearly communicate the unique value of working at a boutique firm like Stax to potential candidates. This clarity and transparency are key to unlocking future growth and success, making it one of the most promising opportunities we see on the horizon.

Consulting within the private equity ecosystem is dynamic, to say the least. We face demanding clients, shortened timeframes, and a host of external factors like interest rates, upcoming elections, etc. These market forces present significant challenges. However, Stax has positioned itself to navigate these times by broadening our offerings, strategically expanding into new markets, and investing in our people. While the landscape may be challenging, we are excited for the future and confident in our ability to adapt and thrive.