Integris Partners recently assisted Accruit, LLC, based in Lakewood, CO, in securing a growth capital investment led by Inter-Atlantic Group.

Accruit is a leading Qualified Intermediary (QI) for Like-Kind Exchange services for single, repetitive program and reverse exchanges under Section (§1031) of the Internal Revenue Code.  Accruit’s customers include businesses in the transportation, leasing, utility, construction, agri-business and real estate industries, among others.  Accruit’s premier software platform and patented process are chosen by discerning companies and individuals wishing to defer tax liability and maximize cash flow.  Inter-Atlantic is a New York City based private equity investor specializing in providing growth capital to companies in the financial services sector, including highly successful companies such as NetSpend Corporation and Higher One.  Accruit’s legal advisers were Holland & Hart LLP, led by Chris Balch.

Brent Abrahm, CEO of Accruit, said, “The available markets and changing business climate have generated amazing opportunities for Accruit and our customers.  This increased growth capital will allow us to expand our reach and footprint to assist customers in their quest for available cash.”
Brett Baris, Partner at Inter-Atlantic, said, "Accruit has developed differentiated and “sticky” services that its customers value.  We are confident that Brent and his team will be able to build on the infrastructure and expertise they have developed over the last few years to become the leading player nationwide in this market."

Financial terms were not disclosed. For additional information, see www.accruit.com, www.interatlanticgroup.com, or contact Robert Heilbronner at Integris Partners.