Accel-KKR Takes Majority Stake in Infinisource--CORRECTED

Infinisource Inc., a provider of benefits administration technology and services has inked a majority equity investment from Accel-KKR, the company announced Monday. The added capital will be used to expand its suite of products and fuel growth efforts. As part of the deal, Gary Trainor, a former division president at both ADP and First Data, will become chief executive. Gary Hart will continue as president of the company. Terms of the deal were not released.

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