Audax Private Equity Acquires Integral Consulting from Imperial Capital

Audax Private Equity Acquires Majority Stake in Keystone

January 15, 2026

Consulting

Audax Private Equity has acquired a majority stake in Keystone, purchasing the global technology and advisory services practice from RLH Equity Partners in a recapitalization that closed January 2, 2026. Concurrently, Keystone spun out its Core AI business as an independent B2B AI SaaS company (Keystone.AI) with RLH retaining a minority stake; Jeff Marowits was named CEO and Greg Richards will remain as a senior strategic advisor.

Integrum Holdings LP Acquires Stout Advisory Firm from Audax Private Equity

June 2, 2025

Professional Services

Integrum Holdings LP entered into a strategic partnership in which it will invest alongside Stout’s employee shareholders, with the transaction expected to close in the third quarter of 2025. Audax Private Equity, which previously invested in Stout in 2021, completed its exit when Integrum acquired Stout on July 16, 2025.

Iconic Acquires Integral Capital Advisors

September 10, 2024

Financial Services

Iconic, an AI-powered M&A advisory firm based in Los Angeles, has acquired Integral Capital Advisors, LLC, a boutique investment bank based in Pasadena. The deal combines Integral's sell-side M&A experience with Iconic's proprietary technology; Eric Coonrod, former Managing Partner and owner of Integral, joins Iconic as Managing Director and Senior Vice President.

Imperial Capital Makes Majority Investment in Integral Consulting Inc.

September 28, 2022

Environmental Services

Toronto-based private equity firm Imperial Capital has made a majority investment in Integral Consulting Inc., establishing Integral as a growth platform to scale its environmental and engineering consulting services. The partnership will fund expansion of services, staff, and geographies and installs Ryan Brain as incoming CEO to lead the firm's growth strategy.

Audax Private Equity Makes Strategic Growth Investment in Integrate

December 20, 2021

Cloud & SaaS

Audax Private Equity completed a strategic growth investment in Integrate (Integrate.com, Inc.), a B2B demand marketing SaaS provider, in December 2021. The undisclosed investment will support Integrate's product development, customer growth, and geographic and vertical expansion for its Demand Acceleration Platform (DAP).

Bain Capital Private Equity Acquires Imperial Dade from Audax Private Equity

June 1, 2019

Logistics & Distribution

Bain Capital Private Equity has completed the acquisition of Imperial Dade, a leading U.S. distributor of disposable foodservice and janitorial supplies, from Audax Private Equity. Imperial Dade's management (the Tillis family) and Audax will remain meaningful investors as Bain partners with management to accelerate the company's buy-and-build strategy and national expansion.