Audax Private Equity (“Audax”), a capital partner to middle and lower middle market companies, announced today it has acquired AKAM and its subsidiaries, a provider of property management serving both residential and commercial properties. Nautic Partners is selling its stake in AKAM through the transaction, the terms of which are not disclosed.

Founded in 1983, New York City-based AKAM is a property management and real estate firm that operates through three subsidiaries: AKAM, Orsid, and Metro Management. Primarily serving condominiums and cooperatives, as well as single-family homeowner associations, AKAM seeks to set the standard in property management with its Residential Intelligence business philosophy that places customers at the heart of its business. With a deep history and expertise in the New York and Florida markets, AKAM looks to cultivate thriving communities through its hospitality-driven team, rigorous operational standards, and rich service offerings.

AKAM’s existing management team, led by Chief Executive Ken Greene, will continue to lead the business, ensuring continuity for clients, employees, and partners.

“AKAM has established itself as a trusted partner through its service-driven culture and operational expertise and we’re thrilled to support their vision for future growth,” said Audax Private Equity Managing Director Jay Petricone. “Ken and the AKAM team have made strategic investments throughout the organization and technology stack to provide high-quality service and support to all clients, while driving procurement efficiencies that benefit community associations.”

“We see a significant opportunity to build upon this strong foundation in collaboration with the AKAM leadership team,” added Audax Private Equity Senior Managing Director Bill Allen. “We’ll look to accelerate organic growth through the disciplined execution of the Audax Value Agenda™ and by building on the company’s successful M&A track record through our ‘Buy & Build’ approach.”

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. Since 2022, AKAM has completed and integrated six acquisitions. Audax will also continue to invest in talent, technology, and the operational capabilities of AKAM.

“Nautic Partners has been an outstanding partner through their investment, supporting our expansion and strengthening our business,” said AKAM CEO Ken Greene. “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.”

Audax is investing in AKAM through its Flagship private equity strategy and the investment was completed through the firm’s Financial Services specialization. In addition to recent investments in payments technology provider Fortis and global technology and advisory firm Keystone, the Financial Services specialization also realized two investments in 2025, including sales of RIA CW Advisors and global advisory firm Stout.

William Blair served as lead financial advisor to AKAM and Nautic, with support from Griffin Financial Group, while Troutman Pepper Locke provided legal counsel. Baird and Brown Gibbons Lang & Co. served as financial advisors to Audax, while Ropes & Gray provided legal counsel. The transaction closed on February 27, 2026.

ABOUT AKAM:
Powered by its people and its properties, AKAM sets the standard in property management and brokerage for both residential and commercial properties. With deep history and expertise in New York and Florida as well as a vision for growth across the nation, AKAM has been cultivating thriving communities through its hospitality-led team, leading operational standards and rich service offerings. For more information, visit akam.com.

ABOUT AUDAX PRIVATE EQUITY
Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity is a leading private equity platform focused on investing across the North American middle market. Our objective is to accelerate value creation through our 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 January 2026, Audax Private Equity had $19.5 billion of assets under management and, since inception in 1999, has invested in more than 180 platforms and more than 1,400 add-on acquisitions. For more information visit www.audaxprivateequity.com or follow us on LinkedIn.

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We’ll look to accelerate organic growth through the disciplined execution of the Audax Value Agenda and by building on the company’s successful M&A track record through our ‘Buy & Build’ approach.