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.
Michael C. Abdy
Managing Partner, Private EquityMichael 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.