Flexible, Creative, and High-Impact Capital With a Proven Track Record of Success.

ABACO is a private investment firm focused on acquiring minority / majority positions in emerging technology and services businesses and acquiring / developing industrial and mixed-use real estate.

Investments

ACQUIRED: NASDAQ: THRC
ACQUIRED: NYSE: CLGX
ACQUIRED: RIVERSIDE
ACQUIRED: NEIGHBORLY
ACQUIRED: NYSE: KKR
ACQUIRED: MPK

Investment Focus

Real Estate

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.

Technology

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.

Services

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.

Team

Michael C. Abdy
Managing Partner, Private Equity

Michael Abdy started his career as an early-stage investor in Prescribe Wellness (NASDAQ: THRC), Housefax (NASDAQ: CLGX), and PopSockets, 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. Some of his active software investments include Jerry.ai and GlossGenius.

In 2019, Michael began acquiring lower middle market businesses. He led the acquisition and restructuring of HouseMaster, North America’s second largest residential property inspection company, and sold the business to Neighborly, the largest franchisor (5,000+ franchisees) of Home Services globally. Additionally, Michael acquired and subsequently sold PatchMaster, a fast-growing franchise system (100+ franchisees), to MPK Equity Partners. In 2021, Neighborly, where Abdy remained a shareholder, was acquired by KKR. In 2022, Michael acquired Bishops Cuts/Color, a 50-unit national haircare chain, and later recapitalized the business through a majority investment made by The Riverside Company. He also acquired a minority interest in FranDevCo, which is one of the largest Franchise Sales Organizations (FSO) in 2022. In 2023, Abdy acquired Costa Oil, which is one of the fastest growing auto service chains in the U.S. He continues to seek acquisitions in the lower middle market.

Richard Abdy
Managing Partner, Real Estate
Steven Adler
Chief Financial Officer
Morgan Trent
Vice President, Business Development
Jon Paul McGahan
Controller