Audax Private Equity has acquired Akam, a New York City-based property management firm, from Nautic Partners. Akam serves condominiums, cooperatives, and homeowner associations through its subsidiaries Akam, Orsid, and Metro Management. The deal, facilitated by William Blair as lead advisor to both parties, lacks disclosed financial terms. Akam's existing leadership, headed by CEO Ken Greene, will continue operations.

Audax's Jay Petricone stated the acquisition supports Akam's growth vision, highlighting their service-driven culture and operational investments. Since 2022, Akam has completed six acquisitions. Baird advised Audax, while Troutman Pepper Locke provided legal counsel.