M&A Deal Summary

Inspira Financial Acquires Accruit

On May 4, 2023, Inspira Financial acquired financial services company Accruit

Acquisition Highlights
  • This is Inspira Financial’s 1st transaction in the Financial Services sector.
  • This is Inspira Financial’s 4th transaction in the United States.
  • This is Inspira Financial’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-05-04
Target Accruit
Sector Financial Services
Buyer(s) Inspira Financial
Deal Type Add-on Acquisition

Target

Accruit

Denver, Colorado, United States
Accruit is an exchange service provider and Qualified Intermediary. Accruit is a qualified intermediary for personal property in the United States and the only qualified intermediary to have a patented process and online exchange management system. Accruit was founded in 2000 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Inspira Financial

Oak Brook, Illinois, United States
Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

Inspira Financial is a provider of retirement and custody services, empowering clients with unmatched service, access to a wide range of custody solutions and expertise they can count on. Whether it’s the custody of alternative assets, investment accounts or retirement funds, Millennium Trust is uniquely qualified to support our clients’ success. Millennium Trust Company performs the duties of a directed custodian, and as such does not provide due diligence to third parties on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, legal, or tax advice. Inspira Financial was founded in 2000 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Colorado) 1 of 1
Country (United States) 4 of 5
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 PayFlex

Omaha, Nebraska, United States

PayFlex is an independent account-based health plan administrator. The company provides proprietary web-based benefit administration services and solutions for plan sponsors who offer consumer-based products such as Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), and Flexible Spending Accounts (FSAs), and also provides COBRA direct-billing services. PayFlex was formed in 1986 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Benefit Resources

Rochester, New York, United States

Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City.

Buy -
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