|
September 6, 2005 – MANITOWOC, WI – The
Manitowoc Crane Group, a division of The Manitowoc Company, Inc.,
and manufacturer of Manitowoc lattice-boom cranes, Grove mobile telescopic
cranes, National Crane boom trucks and Potain tower cranes, has agreed
to refer their dealers seeking a full-service Like-Kind Exchange
Program (LKE) to Accruit, LLC (www.accruit.com)
of Denver, CO.
Mark Gusho, Manitowoc's Director-Global Tax said, "We continually seek new
opportunities for our dealers to optimize their businesses. In selecting
Accruit, we have aligned ourselves with the market leader in LKE management services."
Prior to endorsing Accruit, Manitowoc Crane Group investigated the service offering
and assessed Accruit's commitment to the marketplace. Manitowoc's evaluation
revealed Accruit's experience in the heavy equipment industry, their success
in creating significant cash flow for their dealer clients, and their ability
to work effectively with any tax advisor. Additionally, Manitowoc distributors
such as J.W. Burress, Honnen Equipment Company, and Kirby-Smith Machinery, affirmed
Accruit's commitment to provide a complete LKE service.
"We are pleased to be making such a strong impact in this industry and are
honored when premier manufacturers such as Manitowoc recognize our efforts by
recommending us to their dealers," said Craig McSavaney, CEO of Accruit.
Accruit is the only full-service LKE management provider that offers an integrated
qualified intermediary. Through active program administration and Accruit's
Exchange Manager™, Accruit's clients are able to realize a significant increase
in cash flow with dramatically less administrative burden than other LKE service
providers.
About The Manitowoc Company
The Manitowoc Company, Inc. is one of the world's largest providers
of lifting equipment for the global construction industry, including
lattice-boom cranes, tower cranes, mobile telescopic cranes, and
boom trucks. As a leading manufacturer of ice-cube machines,
ice/beverage dispensers, and commercial refrigeration equipment,
the company offers the broadest line of cold-focused foodservice
equipment in the industry. In addition, the company is a leading
provider of shipbuilding, ship repair, and conversion services
for government, military, and commercial customers throughout the
U.S. maritime industry.
About Accruit
Accruit, LLC, headquartered in Denver, Colorado, is the only
fully-integrated, web-enabled qualified intermediary providing
full like-kind exchange management services. Accruit is the like-kind
exchange Preferred Provider for the Associated Equipment Distributors
(AED). For more information on Accruit, call 720-963-5001 or visit www.accruit.com. |
|
|
