The Accurate Group, a provider of valuation and title services, announced a multimillion-dollar investment from a private equity fund that will now allow the company to execute planned expansion goals. The private equity firm, ABS Capital, has invested $55 million in the Accurate Group, which makes it the company’s lead investor. ABS will also be part of the board of directors.

The Accurate Group is a privately held business owned by a group of investors who acquired the business in February 2009. Since 2009, the lead investor and member of the board of directors had been Evolution Capital Partners, a private equity fund based in Cleveland. Evolution’s stake in the company now moves to ABS.

“Due to our growth, for the last ten months, members of the Accurate management team and Evolution have worked hard together to find a new lead investor to provide capital to fuel our next stage of growth and to purchase Evolution’s interest in the business,” said Paul Doman, president and chief executive officer of Accurate Group, in the company’s announcement.

ABS was labeled in the announcement as a private equity firm that is “a leading investor in later-stage growth companies.”

“We will miss the guys from Evolution, as they have been fantastic partners and we owe them thanks for their support during a challenging time in the industry,” Doman said. “ABS Capital, as our new partner, is equally committed to helping Accurate grow while also allowing us the autonomy to continue to run the company as we have and to define our own, independent future strategy.”

The company stated that none of its operations, product offerings, structure or management team will change due to the ABS transaction — with the exception of adding new, additional team members to facilitate the next level of growth.

Since 2009, Accurate Group revenue has grown nearly 7 times with annual year over year growth of 70 percent. The company expects to finish 2012 with revenues exceeding $54 million due and has hired more than 100 professionals across all of its locations. Accurate also made the Inc. 500|5000 list, ranking in the top 20 in real estate in 2012.

“As we start our new partnership with ABS, we will expect to set new goals for providing exceptional customer service in all of our business and to begin the launch of new, value-added products that will help us to accelerate the growth of the company and enhance our customer relationships,” Doman said.