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October 25, 2005 – OAK BROOK, IL – AED
(Associated Equipment Distributors) has selected Accruit, LLC, as
the AED's Preferred Provider of Like-Kind Exchange Programs (LKE)
for the second consecutive year. Established in 1919, AED aids their
equipment distribution constituency through networking, industry
research, education, political activities and a wide range of profit-enhancing
management tools.
Toby Mack, AED President said, "We are dedicated to improving our members'
businesses through careful investigation and constant review of our Preferred
Providers. The feedback from those members that have engaged Accruit for their
LKE services has been very positive over the past year, which is why AED extended
Accruit's Preferred Provider status for 2006."
Accruit is the only fully integrated qualified intermediary to provide complete
LKE management services. Accruit's AED clients have already deferred an average
of $6 million of tax using Accruit's LKE services. In addition to the tax deferrals,
discounts available exclusively to AED member companies have led to more than
$150,000 in benefits. Accruit's AED member clients include sixteen Caterpillar
dealers, five John Deere dealers, four Volvo Construction Equipment dealers,
three Manitowoc Crane Group dealers, three Case dealers, and four Bobcat dealers.
Accruit continues to stay focused on the heavy equipment market and now actively
manages more than $2 billion in assets through its program.
"We are deeply honored AED has extended our Preferred Provider status through
2006," said Craig McSavaney, President and CEO of Accruit. "AED's continued
leadership and guidance help Accruit to better serve AED members."
"We are highly selective in our designation of a company as a Preferred
Provider," said Mack. "Accruit's integrity, dedication to client service,
and deep commitment to our industry are aligned with AED's mission. We are pleased
to associate our name with Accruit."
About AED
AED (Associated Equipment Distributors), headquartered in Oak
Brook, Illinois, is a membership association of 1,200 independent
distributors, manufacturers, and other organizations involved in
the distribution of equipment and related products and services
in North America and throughout the world. AED's distributor member
companies account for more than $25 billion in annual sales and
rental of equipment and related supplies and services in the United
States and Canada. For more information on AED, call 800-388-0650
or visit www.aednet.org.
About Accruit
Accruit, LLC, headquartered in Denver, Colorado, is the only
fully integrated, web-enabled qualified intermediary providing
full like-kind exchange management services. For more information
on Accruit, call 720-963-5001 or visit www.accruit.com.
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