ABACO specializes in acquiring and stabilizing industrial real estate assets as well as developing mixed-use and multi-family assets. ABACO is currently focused on acquiring additional assets in New Jersey, New York, and Florida.
ABACO has invested in several technology companies with a primary focus on vertical software. ABACO has invested throughout the lifecycle and continues to seek out investment opportunities across all stages and geographies.
ABACO acquires emerging and established franchisors by partnering with management to optimize operations, increase system satisfaction and unit-level profitability and further expand footprint. ABACO continues to be focused on acquiring specialized brands throughout North America.
Michael Abdy started his career as an early stage investor in Popsockets, Housefax (NASDAQ: CLGX) and Prescribe Wellness (NASDAQ: THRC) before joining General Atlantic ($50B+ AUM) as a Growth Equity Investor on the Internet and Technology team. He then co-founded Abdy Lowy, alongside Noah Lowy, where the duo focused on minority and majority investments in emerging software companies.
In 2019, Michael led the acquisition and restructuring of HouseMaster, North America’s second largest residential property inspection company, and in 2020 sold the business to Neighborly, the largest franchisor (5,000+ franchisees) of Home Services globally. In 2021, Neighborly was acquired by KKR. In 2020, Michael sold PatchMaster, a fast-growing franchise system (100+ franchisees), to MPK Equity Partners. Most recently, Michael acquired Bishops Cuts / Color, a 50-unit national haircare chain.