Jay Shah, President

JAY SHAH

President

Jay Shah, President of Star Advisory Services, LLC, a boutique consulting firm, has significant experience in fund raising, mergers & acquisitions, strategy development & execution, operations, and finance. Over the past 30+ years, he has been involved with 30+ successful acquisitions/divestiture transactions with an aggregate purchase price of over $1 Billion. He has also been involved with over 20 fund raises ranging from $500k - $5MM. He has been involved in corporate finance for over 25+ companies. Prior to Star Advisory Services, Jay was in executive management in corporate America. He has also been involved in doubling revenues and profits of companies through organic growth and acquisition growth. He has worked in several industries such as healthcare, e-commerce, media / publishing, talent management, financial services, hospitality, apparel, asset management, and not-for-profit.

Over the last 15+ years, Jay is / has been involved with several companies as their outsourced CFO and helped  them with fund raising, corporate finance as well as exits. Representative clients include: 

  • Real estate lending, investment, management & advisory company,

  • Integrated  manufacturing quality management software solutions company,

  • Healthcare  scheduling software company,

  • Education information company targeting  children with medical conditions,

  • E-commerce company,

  • Advanced materials company,

  • Software company doing radiology  analytics,

  • Software company in the Consumer Directed  Healthcare market,

  • Healthcare IT company,

  • Data analytics company,

  • Web-based reference checking company

  • Competitive Response solutions company that enables companies to effectively anticipate and counter  competitive threats, and win more business,

  • Financial services firm,

  • Medical device company for wound care therapy,

  • Clinical data  analytics company.


Jay has also been involved in several special projects

  • Compliance services business in the public safety industry,

  • Medical  billing services company, sold to a private equity group),

  • Fund raising – served as a Board member &  helped exit to a strategic buyer,

  • EMR company, sold to private equity, 

  • Specialty printer business,

  • Cybersecurity technology company 

  • Circulation project for OAG,

  • Acquisition due diligence on an Events  Management Company,

  • Acquisition due diligence),

  • Fund Raising,

  • Majority sale to Private Equity,

  • Minority sale to Private Equity,

  • Partial sale to Private  Equity,

  • Sale to strategic company backed by Private Equity,

  • Sale to Private  Equity). 


Prior to starting his own consulting firm, Jay held several progressive positions within Haights Cross  Communications, formed in 1997, was a $200MM private equity (Great Hill Partners & CSFB) backed roll up  within the supplemental education industry. Over his tenure at Haights Cross, from 2000 to 2004, Jay held several  progressive positions. His last position was President & CEO of Buckle Down Publishing, a test prep publisher.  Prior to Buckle Down, he was EVP, COO & CFO of Triumph Learning, another test prep publisher. Prior to 

Triumph Learning, Jay was VP of Corporate Development for the parent company, Haights Cross Communications. 

Prior to Haights Cross, Jay was at Primedia (formerly known as K-III Communications), a $1.8 billion publicly held  media company, started by KKR, a private equity firm, in 1989. During his tenure at Primedia, from 1993 to 2000,  the company grew from $745 MM in revenues to over $1,500 MM and went public. Jay held several progressive  positions within Primedia. His last position was VP Operations & CFO at Films for the Humanities & Sciences.  Prior to Films, Jay was the Director of Acquisition Analysis and Manager of Internal Audit, at Primedia, the parent company. 

Prior to Primedia, Jay was with PriceWaterhouseCoopers, from 1987 to 1993. He was in their EBS (Emerging  Business Services) group and was promoted from Staff Accountant to Manager (4 promotions) during the time at  PriceWaterhouseCoopers.

Mr. Shah holds the Bachelor of Science in Accounting from New York University, and Masters of Business Administration  from Columbia University. He is also a New York State Certified Public Accountant. Mr. Shah won the New  Jersey Tech Council “CFO Hall of Fame Award” in 2015. Mr. Shah also won Smart CEO “Executive Management  Award” in 2015. Mr. Shah is an Ex-Advisory Board Member for the CFO Alliance and for New Jersey Technology  Council’s CFO Advisory Board. 

Mr. Shah lives in Monroe, New Jersey with his wife, Ragini and three children. He currently serves as a Treasurer  and Board Member for a non-profit (Meditation4leadership), was on the board of Homeowners Association, is a  volunteer at a summer youth camp, and was a coach for his son’s soccer team.