Deal Details
Audax Makes Strategic Investment in Keystone
Summary
Audax Private Equity (“Audax”) has made a strategic investment in Keystone Strategy (“Keystone”). Terms of the transaction were not disclosed.
Baird served as financial advisor to Audax on this transaction.
About
Audax Private Equity is a leading private equity platform focused on investing across the North American middle market. Audax’s objective is to accelerate value creation through their Buy & Build strategy and the Audax Value Agenda™, a holistic framework that seeks to create, enable and protect value across every stage of the investment lifecycle. As of March 2025, Audax had $19 billion of assets under management and, since inception in 1999, has invested in more than 175 platforms and more than 1,400 add-on acquisitions. With offices in San Francisco, New York, London and Hong Kong, Audax is headquartered in Boston, Massachusetts.Keystone Strategy is a global technology and advisory firm specializing in economics, technology, strategy and complex digital ecosystems. The firm advises organizations on the strategic, regulatory and competitive implications of transformative technologies, including AI and digital platforms. By combining advanced technology, strategic consulting and applied econometrics, Keystone delivers innovative solutions to organizations across the technology, business, legal and government sectors. Founded in 2003, Keystone operates globally with offices in New York, San Francisco, Boston, Seattle, London, Dubai and Washington, DC. Keystone is headquartered in San Francisco, California.
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- Date
- January 2026
- Company
- Audax Private Equity
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Knowledge Solutions
Business Process Outsourcing
- Target Geography
- North America
- Acquiror Geography
- North America
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