Imperial Capital Completes Sale of Integral Consulting to Audax Private Equity

PR Newswire

TORONTO, Sept. 10, 2026 /PRNewswire/ — Imperial Capital Group Ltd. is pleased to announce that it has completed the sale of Integral Consulting, a premier science and engineering consulting firm providing technical solutions to complex environmental, health, economic and natural resource challenges, to Audax Private Equity’s lower middle market Origins strategy. In connection with the transaction, Integral’s management team and broader employee base have retained a meaningful ownership stake in the business. Terms of the transaction were not disclosed.

Imperial Capital and Integral Consulting

Imperial Capital partnered with Integral in 2022 to support the company’s next phase of growth. During the partnership, Integral completed several strategic acquisitions while investing in its leadership team and operating infrastructure.

“Our partnership with Integral is a great example of what’s possible when you invest behind an exceptional team and culture,” said Alex Hatzes, Principal at Imperial Capital. “Together we broadened the company’s geographic footprint, more than doubled its headcount to deepen its technical capabilities, and built out the infrastructure necessary to support its continued growth. It has been a privilege to work alongside Ryan Brain, Bill Locke, and the rest of the team.”

Integral’s management team, led by Chief Executive Officer Ryan Brain, will continue to lead the company through its next chapter of growth in partnership with Audax. Brain said, “On behalf of the entire team at Integral, I’d like to extend our deepest appreciation to Imperial Capital for their commitment and partnership throughout this journey. The team at Imperial remained steadfast in their support of our employees and culture, while bringing the resources and capabilities that helped us achieve our growth ambitions. It was a monumental chapter in the company’s history, and we are incredibly grateful for their partnership. We look forward to continuing our journey with Audax and reaching even greater heights in the years to come.”

Lincoln International served as exclusive financial advisor and Torys LLP served as legal counsel to Imperial Capital and Integral. Ropes & Gray LLP served as legal counsel to Audax.

About Integral Consulting
Integral delivers results for clients to make informed, strategic, and compliant decisions involving the environment and human health. Integral’s team of scientists, engineers, and regulatory specialists cuts through complexity and keeps projects moving toward trusted, practical, and lasting outcomes.

About Imperial Capital
Based in Toronto, Imperial Capital is a leading lower mid-market private equity firm focused on North American opportunities to acquire and build growth-oriented platform investments in targeted industry niches within business services, consumer services, and healthcare. Imperial Capital combines deep industry expertise, active portfolio management, and strong partnerships with experienced industry executives to offer a differentiated investment approach. As of March 31, 2026, Imperial Capital had over US$3.5 billion of assets under management and, since inception, has invested in 32 platform investments and 283 add-on acquisitions (2021-2025). Imperial Capital is currently investing from Imperial Capital Acquisition Fund VIII, a US$800 million fund.

For further information on Integral Consulting, visit www.integral-corp.com

For further information on Imperial Capital, visit www.imperialcap.com 

Contact Information

Imperial Capital 
Name: Alex Hatzes, Principal
Email: ahatzes@imperialcap.com
Phone: 647-264-0202

Name: Catherine Stott, Vice President
Email: cstott@imperialcap.com
Phone: 289-819-6405

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SOURCE Imperial Capital Group Ltd.

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