Audax buys science consultancy Integral from Toronto's Imperial Capital
What's the deal? Audax Private EquityDealroom has a profile for this one. Try Dealroom → has acquired Integral ConsultingDealroom has a profile for this one. Try Dealroom →, a science and engineering consulting firm, from Toronto-based Imperial CapitalDealroom has a profile for this one. Try Dealroom →, the firms announced on September 10, 2026. Terms were not disclosed. Integral's management team, led by chief executive officer Ryan Brain, retains a significant ownership stake.
What does Integral do? The firm advises clients on environmental health, economics, and natural resources, with a team of scientists, engineers, and regulatory specialists. It positions itself as a technical problem-solver for complex compliance and human-health issues.
Why now? Imperial CapitalDealroom has a profile for this one. Try Dealroom → first backed Integral in 2022. Over that period, the firm broadened Integral's geographical reach, more than doubled its workforce, and made strategic acquisitions, according to Imperial Capital principal Alex Hatzes.
What changes? Integral moves under Audax's lower middle market strategy, with management continuity preserved through the retained stake. Brain's team plans to expand its service offerings under new ownership.
Lincoln InternationalDealroom has a profile for this one. Try Dealroom → advised Imperial Capital and Integral. Torys LLPDealroom has a profile for this one. Try Dealroom → provided legal counsel to Imperial Capital and Integral; Ropes & Gray LLPDealroom has a profile for this one. Try Dealroom → advised Audax.
The signal: The deal marks a classic private equity handoff, with one sponsor exiting a scaled-up platform to another. Imperial Capital, which managed over US$3.5 billion in assets as of March 31, 2026, focuses on the lower mid-market — a segment where consulting firms with regulatory expertise have drawn steady buyer interest.
Read more: third-news.com
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