Grant Thornton Advisors to acquire Stax

Together will serve almost 70% of US-based Private Equity International 300

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GRANT Thornton Advisors LLC (GTA) on Tuesday said it will acquire Boston-based Stax, a strategy consulting firm specialising in commercial due diligence, value creation, and exit-planning ser-

vices for private equity (PE) firms, as well as their portfolio companies and advisers.

Stax provides buyand sell-side diligence and planning for merger and acquisition (M&A) activities, while delivering clients with growth strategies and value-creation initiatives.

The firm's data-driven approach taps into leading Artificial Intelligence (AI) and advanced intelligence to deliver actionable insights and proven successes for its clients, GTA said in a statement.

"The three-decade-old firm has grown rapidly in recent years, while maintaining high client-retention rates and lengthy stakeholder relationships. It serves many of the leading players in large-cap and middlemarket PE, alternative investments, and investment banking," it said.

The acquisition will elevate US-headquartered GTA's market-leading transaction advisory team by enhancing the breadth and depth of its M&A capabilities.