The new chief executive officer of Stax is Jayson Traxler, who joined the Boston-headquartered management consultancy in 2021.

Traxler is taking over from Stax founder Rafi Musher, who has led the firm for close to three decades.

The move likely didn’t take too many Stax insiders by surprise.

Traxler joined Stax in 2021 as chief operating officer, a role that put him in charge of the firm’s core day-to-day business activities. When companies reshuffle their leadership, the chief operating officer is very often picked to succeed the outgoing CEO.

Another early sign that Traxler was on a trajectory to the CEO’s office came last year when he was promoted to the role of president. In other words, he held the two most senior positions at Stax other than the CEO post itself.

During the tenure of founder Rafi Musher, Stax established itself as a major player in the mergers and acquisitions consulting market. The consultancy specializes in assisting private equity firms with due diligence.

After Traxler came aboard as chief operating officer in 2021, Stax significantly expanded its sell-side business. That business assists companies that are looking for a buyer with the process of finding and wooing potential bidders.

Traxler also led significant growth at Stax’s value creation practice. When an investment firm buys a company, it can hire Stax’s value creation practice to increase the selling price of that company by improving its revenue and profits.

Last but not least, Traxler played a key role in the consultancy’s recent market expansion into Europe. This past March, Stax set up an office in London after more than doubling its private equity deal volume over the preceding year.

Stax took a major investment from called Blue Point Capital Partners in 2021, the year Traxler joined. Investment firms usually buy stakes in companies with the expectation that those companies’ value will increase over time, which means Traxler will be expected to prioritize business growth as CEO.

“Over the last 18 months, we’ve worked towards building a durable and sustainable organization that generates long-term value and creates exceptional opportunities for our employees,” Traxler remarked. “Stax is strategically mapping its path towards several key priorities that will shape our future success

text

text