Ares Management and LightBay Capital completed the investment in Awayday.

Ares Management and LightBay Capital, private equity firms, completed the investment in Awayday, a short-term rental property management company. Financial terms were not disclosed. “Over the last four years, LightBay has been a tremendous partner in our mission to create exceptional vacation rental experiences – supporting our expansion while improving margins, driving revenue per unit, boosting customer satisfaction, and elevating our culture. We’re thrilled to add the strategic and financial support of the Ares team to further strengthen our ability to help great businesses grow and drive value for our partners, investors, and team. I want to thank our entire team for their contributions that have enabled us to achieve this remarkable milestone, and I look forward to the exciting work happening at Awayday and the opportunity to execute our strategy alongside LightBay and now Ares,” Jakob Dwyer, Awayday CEO.