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AKAM completes acquisition of Property Management Resources (PMR) to expand its management capabilities across Florida

RECENTLY ACQUIREDJun 05, 2024about 2 years ago

Acquiring Company

AKAM

Acquired Company

Property Management Resources (PMR)

New YorkPalm BeachReal EstateHospitalityProperty ManagementFacility ManagementReal EstateConsultingProperty ManagementFacility Management

Description

Florida and New York-based property management company AKAM has completed the acquisition of Property Management Resources (PMR) in Southern Florida, further expanding its footprint in the state. With this acquisition, properties previously managed by PMR now have access to AKAM's enhanced property management services, along with additional services such as capital project management, energy services, procurement, and insurance and risk management.

Company Information

Company

AKAM

Location

New York, New York, United States

About

AKAM is a property management company with a deep history and expertise in New York and Florida, providing standard property management and brokerage services for both residential and commercial properties. With a focus on cultivating thriving communities through hospitality-led team, leading operational standards, and rich service offerings, AKAM aims for continual growth and expansion.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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