Key Takeaways
- • Ropes & Gray represented Audax Private Equity in the acquisition of Integral Consulting from Imperial Capital Group Ltd., with the transaction closing on September 10, 2026; deal terms were not disclosed.
- • Integral Consulting is a science and engineering firm providing technical solutions across environmental, health, economic, and natural resource sectors, operating from Boston with additional offices in San Francisco, New York, London, and Hong Kong.
- • Audax Private Equity, a Boston-based middle-market platform, manages approximately $20 billion in assets under management as of July 2026 and has completed over 180 platform investments and 1,500 add-on acquisitions since its 1999 inception.
- • The Ropes & Gray transaction team spanned six practice areas, led by private equity partner Adam Leamon and finance partner Greg Bauer, with additional expertise in executive compensation, employment law, tax, and intellectual property.
Summary
Ropes & Gray closed its representation of Audax Private Equity in the acquisition of Integral Consulting, a science and engineering consulting firm, from Imperial Capital Group Ltd. The transaction announcement occurred on September 10, 2026. While financial terms remain undisclosed, the deal expands Audax's portfolio within the specialized consulting sector.
Integral Consulting operates as a technical advisory firm addressing complex environmental, health, economic, and natural resource challenges through a team of scientists, engineers, and regulatory specialists. The firm maintains a multi-geography footprint with its headquarters in Boston and regional offices spanning San Francisco, New York, London, and Hong Kong, positioning it to serve North American and international clients across regulated and technical domains.
Audax Private Equity, headquartered in Boston, specializes in North American middle-market investments. The firm has built substantial scale since its 1999 founding, managing approximately $20 billion in assets under management as of July 2026. Across its history, Audax has established 180 platform companies and executed more than 1,500 add-on acquisitions, demonstrating an active operational model focused on platform consolidation and bolt-on growth strategies.
The Ropes & Gray engagement required coordination across multiple practice areas given the consulting firm's regulatory environment and employment-intensive operations. Private equity partner Adam Leamon and finance partner Greg Bauer led the advisory team, supported by specialists in executive compensation and employee benefits (Jenny Rikoski Whitney), employment law (Stephanie Bruce), tax strategy (Scott Pinarchick), and intellectual property transactions (Emily Karlberg). This multi-disciplinary approach reflects the compliance and human capital complexity inherent in acquiring professional services firms with significant regulatory obligations.
Integral Consulting operates as a technical advisory firm addressing complex environmental, health, economic, and natural resource challenges through a team of scientists, engineers, and regulatory specialists. The firm maintains a multi-geography footprint with its headquarters in Boston and regional offices spanning San Francisco, New York, London, and Hong Kong, positioning it to serve North American and international clients across regulated and technical domains.
Audax Private Equity, headquartered in Boston, specializes in North American middle-market investments. The firm has built substantial scale since its 1999 founding, managing approximately $20 billion in assets under management as of July 2026. Across its history, Audax has established 180 platform companies and executed more than 1,500 add-on acquisitions, demonstrating an active operational model focused on platform consolidation and bolt-on growth strategies.
The Ropes & Gray engagement required coordination across multiple practice areas given the consulting firm's regulatory environment and employment-intensive operations. Private equity partner Adam Leamon and finance partner Greg Bauer led the advisory team, supported by specialists in executive compensation and employee benefits (Jenny Rikoski Whitney), employment law (Stephanie Bruce), tax strategy (Scott Pinarchick), and intellectual property transactions (Emily Karlberg). This multi-disciplinary approach reflects the compliance and human capital complexity inherent in acquiring professional services firms with significant regulatory obligations.
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