International Monetary Systems Ltd. said Wednesday that it has acquired the assets and client base of Synergy Trade Exchange, a barter network serving clients in Louisville, Ky., and Nashville, Tenn.

The acquisition will eliminate a competitor of the New Berlin-based commercial barter services firm, which operates a Louisville office. Business for that office will nearly triple as a result of the deal, International Monetary said.

Terms of the transaction were not disclosed.

“Combining the Synergy Trade Exchange members with ours will make International Monetary Systems the dominant barter system operating in northern Kentucky,” said Don Mardak, chief executive officer. The deal, the company’s third in the past six weeks, also opens up a market in Nashville, he said.

International Monetary Systems (OTCBB: INLM) serves 17,000 customers in 48 U.S. markets. For more on IMS see “Site Sponsors” at the top of the page.

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