|
– Empire
Southwest LLC, Caterpillar dealer for Arizona, southeastern California
and northern Mexico, and Accruit, LLC, the only fully-integrated,
web-enabled qualified intermediary for repetitive like-kind exchange
programs, today announced that Empire has engaged Accruit to install
and administer a repetitive like-kind exchange program for Empire's
fleet of rental equipment.
Empire has also engaged Deloitte LLP to provide tax advisory and business process
consulting services in connection with the design and implementation of Empire's
like-kind exchange program. Accruit and Deloitte frequently work together on
projects of this type.
"Accruit's integrated qualified intermediary model provides hosted like-kind
exchange processing software with embedded treasury and cash management functions," says
Gary Jensen, Controller at Empire. "This integration enables us to maximize
our cash flow and, at the same time, stay focused on running our business."
"Accruit is delighted to have Empire join our growing list of clients in
the heavy equipment and leasing industries," says Accruit CEO Craig McSavaney. "We
are pleased that Empire saw the value in Accruit's unique, fully integrated solution,
and honored to have been chosen by such a reputable customer."
About Empire Southwest LLC:
Five Empire divisions (Machinery, Power Systems, Hydraulic Service, Precision
Machining and Transport) operate under the corporate name Empire Southwest. The
Whiteman leadership is in its third generation: Jeffrey S. Whiteman is Chairman
and Chief Executive Officer. The company's 1000+ employees serve customers in
the construction, mining, agriculture and transportation industries in a territory
that includes Arizona, southeastern California and northern Mexico.
Consistently named as one of the top ten privately owned companies in Arizona
(and selected "1994's Most Admired Company" by the Arizona 100), Empire
Southwest continues to grow in size and reputation — for its customer-focused
business successes, concern for the welfare of its employees and support for
the communities it serves.
About Accruit, LLC:
Accruit, LLC, headquartered in Denver, Colorado is the only provider of fully-integrated,
web-enabled qualified intermediary services to enable companies to conduct like-kind
exchanges for both personal and real property. The company's flagship software
application, Accruit's Exchange Manager™, fully automates the like-kind
exchange process – from transaction and cash management to the complete
asset and tax depreciation tracking required for these transactions. Using Accruit's
Exchange Manager™, Accruit's clients realize a significant increase in cash
flow, while dramatically reducing the resources required for tracking and reporting
like-kind exchanges. Accruit is also a member of the Association of Equipment
Distributors (AED) and the Equipment Leasing Association (ELA). For more information
on Accruit or Accruit's Exchange Manager™, call 720-963-5001 or visit www.accruit.com.
|
|
|
