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January 10, 2006 – ONTARIO, CA – Nixon-Egli
Equipment Co. (www.nixon-egli.com), a construction equipment
dealer representing several major lines including Link-Belt, LeeBoy,
Gradall, and Wirtgen America, and serving California since 1965,
engaged Accruit, LLC (www.accruit.com) of Denver to design, implement,
and service their repetitive Like-Kind Exchange (LKE) program.
This process will allow Nixon-Egli to dramatically improve their
cash flow by deferring taxes on the sale of the company's rental
and leased equipment.
Steve Nixon, Nixon-Egli's President said "We expect to keep
growing at a fast pace over the coming years, and a Like-Kind
Exchange program gives us the additional cash flow we need to
make that happen. Accruit's tailored program offers us a fully-integrated
service without impacting our core business process or headcount."
Accruit is the only full service Like-Kind Exchange management provider. Accruit
was established specifically for the heavy equipment industry and now actively
manages over $2 billion in assets through its repetitive LKE services.
"We are pleased to welcome Nixon-Egli as another AED member client. Given
the volume and high residual value of the equipment they sell, they are perfectly
suited to benefit from the improved cash flow of our repetitive LKE program"
said Craig McSavaney, Accruit's CEO. "Adoption of Accruit's
LKE program in the heavy equipment industry has increased significantly
over the past year. Improving cash flow through LKEs is rapidly
becoming mainstream for equipment dealers."
"The coupling of their Exchange Manager technology with dedicated Client
Service managers means we will always have access to and control over our LKE
program" adds Nixon. "Accruit's dedication to providing
complete LKE administration, including the immediate availability
of our data through real-time reporting, allows us to forecast
our LKE cash flow benefit and proactively manage our sales and
purchase activities without hindering the daily operations of
our business."
About Nixon-Egli Equipment Company
In 1965, Jim Nixon, together with his partner Paul Egli, founded Nixon-Egli.
In 1966, Stephen Nixon joined the business, and took over as
President in 1979. Over our 40 year history, we have developed an extensive
product line, specializing in road construction and materials, cranes and municipal
equipment. Our new, 4.6 acre, 46,000 square feet facility in Ontario, CA has
the distinction of being the only Link-Belt dealer world-wide to have 100%
factory certified personnel for all of our client's service and support needs.
Our motto is "If
We Sell It, or Rent It, We Service It".
About Accruit
Accruit, LLC, headquartered in Denver, Colorado, is the only fully-integrated
qualified intermediary providing full service Like-Kind Exchanges. Accruit is
the Like-Kind Exchange Preferred Provider for the Associated Equipment Distributors
(AED). For more information on Accruit, call 877-793-9215or visit www.accruit.com.
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