Money GrowingAccommodations Plus International (“API”), the worldwide leader of crew accommodations management services and technology solutions, announces its investment partnership with ClearPoint Investment Partners (“ClearPoint”) and Invus Opportunities (“Invus”). The strategic and capital resources of ClearPoint and Invus will enable API to expand its technology suite of products and services to continuously improve the efficiency of accommodations management, while delivering a quality and reliable experience to crew members and distressed passengers.

API is also pleased to announce the appointment of Richard McLeer as Chief Executive Officer. Mr. McLeer brings decades of executive experience as a leader of technology-enabled services companies. Most recently, he was co-founder of Dealertrack Technologies (“Dealertrack”), where he served in various leadership roles, including Chief Information Officer and Executive Vice President of Technology and Service Solutions. During his tenure, Mr. McLeer was instrumental in growing Dealertrack into the leading provider of integrated technology solutions to the automotive dealership sector.

Tony Kamel founded API in 1984. Over the last three decades, through its innovation and leadership, the company has become the trusted provider of mission critical crew logistics and distressed passenger services to its clients. “We are thrilled to partner with ClearPoint and Invus and leverage their network and experience as we continue to execute our strategic priorities, expand into new markets, and deliver the highest of customer service to our clients and hotel partners,” said Tony Kamel, Chairman.

Fred Kamel, President, added, “I am excited to welcome our strategic partners and view their investment as a strong vote of confidence in our team and the company we have built. The entire API family is enthusiastic to continue our industry leadership position with the combined strength of our new investors and CEO, Richard McLeer.”

API serves more than 70 airline, cargo, and cruise clients with a vast network of over 100,000 hotels globally. Through its advanced business intelligence software solutions and multi-disciplined team, the company lowers the total cost of accommodations and logistics to its clients, while providing an attractive distribution channel to its hotel partners.

In announcing his new position with API, Richard McLeer noted, “I am honored to be part of a team that has built an incredible organization. API’s amazing client support culture surrounds unique and innovative technology. We will continue to invest in technology solutions and people that add value to our clients and partners. Product innovation will remain a core API strength as we enhance current offerings, invest in growing segments, such as our distressed passenger solution, and explore new verticals that can leverage our platform.”