Audax Private Equity portfolio company AKAM has acquired Matthew Adam Properties, a New York City property management firm founded over 30 years ago. The acquisition, led by founder and president Ira Meister, brings 85 residential, commercial, and office buildings under AKAM’s umbrella. Matthew Adam Properties will retain its brand and client relationships while integrating with AKAM’s operational platform.
This move strengthens AKAM’s presence in New York and Florida, alongside its existing brands: Orsid New York, Metro Management, and Hoffman Management. AKAM, with over four decades of experience, plans further expansion in both states and other markets. The acquisition terms were not disclosed.
The firm aims to leverage shared services in procurement and operations while preserving local identities. This strategic growth reflects continued confidence in the Northeast and Southeast property markets.
Source: PE Hub · Summarized by HeadlinesBriefing