M&A Deal Summary

Integrum Acquires Stout

On June 2, 2025, private equity firm Integrum acquired financial services company Stout from Audax Private Equity

Acquisition Highlights
  • This is Integrum’s 1st transaction in the Financial Services sector.
  • This is Integrum’s 1st transaction in the United States.
  • This is Integrum’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-06-02
Target Stout
Sector Financial Services
Buyer(s) Integrum
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Winston & Strawn
Ropes & Gray (Legal)

Target

Stout

Chicago, Illinois, United States
Stout is a global investment bank and advisory firm specializing in corporate finance, transaction advisory, valuation, financial disputes, claims, and investigations. Stout is based in Chicago, Illinois.

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Buyer(S) 1

DESCRIPTION

Integrum is a private equity firm specializing in buyout investments in technology-enabled services companies across the US. The Firm focuses on scalable, profitable businesses within sectors such as insurance services, financial technology, and business services. Integrum was formed in 2021 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 105 of 109
Sector: Financial Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 58 of 61
State: Illinois M&A 9 of 9
Country: United States M&A 100 of 103
Year: 2025 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Proud Moments

Brooklyn, New York, United States

Proud Moments provides care to all children diagnosed with Autism Spectrum Disorders while allowing their families the ability to affect positive change in their family dynamics. Proud Moments was founded in 2014 and is based in Brooklyn, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-17 CW Advisors

Boston, Massachusetts, United States

CW Advisors is an independent registered investment advisor offering wealth management and investment advisory services to high-net-worth individuals and families in the United States. CW Advisors was founded in 2009 and is based in Boston, Massachusetts.

Sell -