Audax Private Equity has announced that it has acquired AKAM and its subsidiaries, a provider of property management services for both residential and commercial properties. Nautic Partners LLC is selling its stake in AKAM through the transaction, the terms of which are not disclosed. AKAM’s existing management team will continue to lead the business, ensuring continuity for clients, employees, and partners.
Jay Petricone, Managing Director at Audax Private Equity, said, “Ken Greene and the AKAM team have made strategic investments throughout the organisation and technology stack to provide high-quality service and support to all clients, while driving procurement efficiencies that benefit community associations.”
Leveraging its experience in scaling middle-market businesses, Audax will work closely with AKAM’s leadership team to enhance service offerings, expand into new markets, and pursue strategic acquisitions that strengthen the company’s national footprint.
Ken Greene, CEO, AKAM, said, “As we enter this next chapter of growth and innovation, we believe Audax Private Equity is well equipped to bring strategic expertise and a breadth of resources as we look to further enhance our offerings to continue to provide comprehensive services to all of our clients.”
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