Anyone have insight into Stax? Understand many of their clients are PE but wondering about type of work, culture, pay, exit ops, etc.

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Mostly middle-market PE diligence (CDD mostly, some ODD) and some strategy for the portfolio companies. I would guess 80/20 split of diligence to strategy. Well respected in their niche with many long term, repeat clients. I’ve seen their work on the sell side and it is quality stuff. They have grown a good bit I think - I’m seeing them a lot more in the market and clients speak highly of them in their niche. They aren’t doing big public company diligences for bulge bracket PE though. That’s the BCG/Bain domain. I would say Stax is the best of the pure PE boutiques by far now that Parthenon doesn’t exist as a stand alone firm. No idea on comp or exit oops, but I can’t believe it’s worse than big 4 (excl. EY-P). I’ve heard nothing but good stuff about their culture and WLB though.

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(Source: I work with the same clients and have asked them about Stax and have interviewed a couple of former Stax employees.)

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F

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Sure, happy to talk about Stax. You can DM me.

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