NEW YORK--(BUSINESS WIRE)--AKAM, a leading property management company with more than four decades of experience, announced today that it has acquired Matthew Adam Properties, a respected New York City–based property management firm managing 85 buildings across the city.
Founded in New York City over 30 years ago, Matthew Adam Properties has built a strong reputation for delivering quality, personalized management services to residential, commercial and office buildings.
This acquisition marks another significant milestone in AKAM's strategic growth, reinforcing its commitment to customer-first service and differentiated value for clients across the New York market.
"Matthew Adam Properties is exactly the kind of organization we look for — deeply experienced, client-focused and built on lasting relationships," said AKAM Chief Executive Officer Ken Greene. "The company fits naturally within AKAM's portfolio, and we're confident that the resources and capabilities we bring will meaningfully enhance the experience of every resident and board."
Backed by Audax Private Equity, AKAM continues to expand its presence and deepen its capabilities across New York, Florida and beyond. This acquisition reflects the company's disciplined approach to growth, uniting with organizations that share its core philosophy of prioritizing customer service, enhancing resident experiences and increasing the long-term value of the communities in its care.
"Joining AKAM is the right next step for our clients and our team," said Ira Meister, founder and president of Matthew Adam Properties. "We have always believed great management is personal, and AKAM shares that belief. What they add is scale: procurement power that helps our buildings save, ancillary services that will enhance the client experience, and expertise and technology that make our team even more responsive. We believe the benefits are clear, and our clients will feel the impact quickly."
About AKAM
Powered by its ResIQ™ business philosophy, which places customers at the heart of its business, AKAM sets the standard in property management for residential and commercial properties. With a long history in New York and Florida, AKAM cultivates thriving communities through its hospitality-driven team, leading operational standards and rich service offerings. AKAM is backed by Audax Private Equity.
AKAM's family of companies includes Orsid New York, Metro Management, Hoffman Management and Matthew Adam Properties. Each brand keeps the local identity and client relationships it is known for, while drawing on AKAM's shared platform of operational standards, procurement, ancillary services and expertise. Together, they are united by a deeply rooted philosophy: prioritizing customer service, enhancing resident experiences and increasing the long-term value of the communities in their care.
For more information, please visit www.akam.com and connect with us on LinkedIn.