Accruit Announces Addition of Sandy MacPherson to its Board of Directors

Denver, Colorado – July 27, 2016

Accruit LLC, the nation’s leading provider of qualified intermediary and 1031 like-kind exchange program solutions, today announced the appointment of Sandy MacPherson to its Board of Directors. Mr. MacPherson joins Accruit's Board with over 30 years’ experience in health and wellness, consumer products, and healthy food and beverages at both Fortune 500 and smaller, early stage companies.

“We are honored to have Sandy join us. He’s a proven leader with a string of successes at companies both large and small, and we're confident that his guidance will be of great benefit to Accruit," said Accruit CEO, Brent Abrahm.

Mr. MacPherson began his career at Labatt Breweries of Canada where, as a senior marketing executive, he was responsible for branding and growth of several of Labatt's lines. At Bristol-Myers Squibb, he led the multi-billion dollar Mead Johnson nutrition business, introducing many new products, including Boost nutritional drink and Viactiv calcium chews for women. Mr. MacPherson went on to lead several smaller entrepreneurial companies to profitability and successful commercialization, after which he founded his own consulting firm dedicated to assisting companies of all sizes develop sustainable growth strategies.

“Accruit's leadership in the industry, their pioneering use of technology, and recent acquisition of Bankers An escrow agreement provides for the placement of money or other assets in the control of an independent third party in order to protect the parties involved in a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations contained in the escrow agreement have been fulfilled. Escrow all make this an exciting time to join their Board of Directors," said MacPherson. “I’m delighted to be part of the company’s evolution and look forward to contributing to their continued success.”

In addition to being a consultant, Mr. MacPherson is an Entrepreneur in Residence at Invest Ottawa as well as the Industry Partner for Wellness at Maxim Partners LLC, a private equity firm based in Chicago.