The 2023 Best Small Firms to Work For: Stax

Client Industries Served: Software & Technology, Health Care, Business Services, Industrials, Consumer Products & Retail, Education and Events

Consulting Service Lines: Strategy (CDD, Value Creation and Growth Strategy, Exit Planning and ESG)

CMAG: How would you say you've managed to stay among the industry's Best Firms to Work For amid these unprecedented times?

In a post-pandemic world, our unwavering focus on our people has been instrumental in our continued recognition among the industry's Best Firms to Work For. Recognizing that we are a people-centric business, we've embraced flexibility, empathy, and innovation as key pillars of our approach. By putting our people first, we've adapted to the changing landscape while maintaining a cohesive and resilient workforce that thrives in this new reality.

CMAG: Were there any specific programs or initiatives (internal or external) that contributed to you being a Best Firm to Work For?

One significant initiative that has truly shaped our culture is the establishment of our global employee-led ERG pillars. These pillars serve as a driving force behind igniting purpose, fostering meaningful connections and driving positive transformation. By bringing together passionate individuals, these ERG pillars create an environment where diversity and inclusion thrive, enriching the experiences of all our team members.

Additionally, we've embraced a proactive approach to professional development and growth, offering tailored learning opportunities, mentorship programs and skill-building resources. Externally, our collaboration with various industry organizations and participation in community-driven initiatives further underscores our dedication to making a positive impact beyond our own walls. Collectively, these efforts have not only contributed to our recognition as a Best Firm to Work For but have also fostered a vibrant, inclusive, and thriving workplace for our people.

CMAG: What's unique about your firm? What sets it apart?

What truly sets Stax apart is a combination of factors that create an environment unlike any other. When it comes to 'Why Stax?" the answer lies in the unique blend of elements that define our firm.

Immediate client-facing opportunities mean you're a crucial contributor from day one, making a real impact. It's a fast-paced learning environment that challenges you to achieve your best.

Our merit-based growth means advancement is based on your work's quality, not years spent. This paves the way for rapid career development. Stax's limited travel model provides diverse client exposure without excessive travel, prioritizing your work/life balance.

Access to our leadership team ensures your voice is heard. Valuable mentorship opportunities and insights from the best in the field are at your fingertips.

CMAG: What's the top priority over the next 6 to 12 months?

Our primary focus over the next 6 to 12 months is centered on attracting, developing and retaining exceptional talent. Simultaneously, we are dedicated to strategically augmenting our team with senior professionals who can contribute to our growth and success. This dual approach ensures that we maintain a dynamic workforce and leadership team, positioning us for continued advancement in our objectives.

CMAG: When you look at the remainder of this year and 2024, what excites you? What opportunities do you see in your markets?

One of the most exhilarating recent developments has been the launch of our service offering – ESG & Impact Advisory. This innovative step forward is not only forward-thinking but also highly relevant, as it aligns seamlessly with the heightened ESG focus within the private equity landscape. The positive reception from our clients underscores the value this new capability brings.

Beyond this, our commitment to enhancing value creation strategies and exit planning remains steadfast. These are integral aspects of our business, and we are eager to continue expanding on these fronts. An equally promising facet of our journey is the strategic expansion of our footprint, particularly in critical markets like London and EMEA. This isn't just about physical presence; it's about establishing a deeper connection with clients, ensuring that we are primed to serve their needs even more comprehensively.

CMAG: What impact do you think being a Best Firm to Work For has on the firm? Employees? Clients?

Being recognized as a Best Firm to Work For holds significance on multiple fronts. Firstly, it boosts employee morale and motivation, fostering a sense of pride and belonging. This positive atmosphere translates into enhanced collaboration, innovation and client service. For our clients, this accolade signifies that they are partnering with a firm that prioritizes its people, translating into a deeper level of commitment and service excellence.