M&A Deal Summary

i3 Verticals Acquires AccuFund

On January 6, 2023, i3 Verticals acquired financial services company AccuFund

Acquisition Highlights
  • This is i3 Verticals’ 1st transaction in the Financial Services sector.
  • This is i3 Verticals’ 17th transaction in the United States.
  • This is i3 Verticals’ 1st transaction in Colorado.

M&A Deal Summary
Date 2023-01-06
Target AccuFund
Sector Financial Services
Buyer(s) i3 Verticals
Deal Type Add-on Acquisition

Target

AccuFund

Castle Rock, Colorado, United States
AccuFund is a provider of fund accounting solutions for government entities and nonprofits in the United States. The company's complete fund accounting financial management solution is available online or onsite that consists of a strong core system and modules to allow clients in expanding their needs. AccuFund was formed in 2001 and is based in Castle Rock, Colorado.

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Buyer(S) 1

Buyer

i3 Verticals

Nashville, Tennessee, United States
Category Company
Founded 2012
Sector Information Technology
Employees1,663
Revenue 370M USD (2023)
DESCRIPTION

i3 Verticals is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals was founded in 2012 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 17 of 17
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 17 of 17
State (Colorado) 1 of 1
Country (United States) 17 of 17
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Business Information Systems

Piney Flats, Tennessee, United States

Business Information Systems (BIS) is a data systems design partnership company that helps businesses and municipalities find solutions by using the latest computer technology and programming techniques. BIS was formed in 1977 and is located in Piney Flats, Tennessee.

Buy $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 i3 Verticals - Merchant of Record Payments Business

United States

i3 Verticals' Merchant of Record Payments Business is provider of merchant services and payments software and technology solutions.

Sell $440M
Mergr

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