Blue Point Capital Partners is pleased to announce the successful exit of Stax through a sale to Grant Thornton Advisors, a leading provider of tax and advisory services. The transaction is supported by New Mountain Capital, a premier growth-oriented investment firm with approximately $55 billion in assets under management.
“We could not have imagined a more fitting, impactful partner than Blue Point for our most recent chapter as a company,” Jayson Traxler, CEO of Stax, said. “With Blue Point’s support, we were able to deepen our bench while implementing key operational enhancements across our entire portfolio of services. We feel confident and equipped to venture into the next phase of growth with Grant Thornton, knowing what we have built with the Blue Point team.”
Chip Chaikin, partner of Blue Point, said, “The success of the Stax platform is a testament to our team’s commitment to building true value and creating optimal outcomes for our partners. We’re incredibly proud of the transformation and growth achieved during our partnership and look forward to watching Stax continue its upward trajectory with the support of Grant Thornton.”
William Blair and Baird served as financial advisors to Blue Point on the transaction. Jones Day served as legal counsel to Stax, and Stout provided sell-side financial due diligence and tax advisory services to Stax.
