Founded in 1983, AKAM operates through three subsidiaries—AKAM, Orsid and Metro Management—providing services to condominiums, cooperatives, and homeowner associations, as well as select commercial properties. The company’s existing leadership team, led by CEO Ken Greene, will remain in place. 

Audax said it plans to partner closely with management to expand AKAM’s footprint, enhance service offerings and pursue additional acquisitions. Since 2022, the firm has completed six acquisitions, positioning it as an active consolidator in the fragmented property management sector. 

“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,” said Jay Petricone, managing director at Audax Private Equity. 

The investment was made through Audax’s Flagship private equity strategy and its Financial Services specialization. The firm has recently backed companies including payments provider Fortis and advisory firm Keystone, while exiting investments such as CW Advisors and Stout in 2025. 

Audax indicated it will continue to invest in talent, technology and operational capabilities to support AKAM’s next phase of growth. 

Financial terms were not disclosed. The transaction closed February 27, 2026. 

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.