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Associated Equipment Distributors (AED) has selected Accruit, LLC, as the AED's Preferred
Provider of 1031 Like-Kind Exchange services (LKE) for the fourth consecutive year. Established
in 1919, AED aids their members through public policy advocacy, education and workforce
development services, networking, industry research, and a wide range of profit-enhancing
management tools.
Toby Mack, AED President, said, "Our preferred providers play an important role in our
association, so we only select the very best companies for this program. Over the past five
years as a member of AED, Accruit has provided exceptional service for our membership and
served as a resource for the association. A good majority of our members who use LKEs as a
tax strategy in their businesses use Accruit. We are very pleased to extend this designation to
Accruit for the fourth consecutive year."
Accruit is the leading 1031 Like-Kind Exchange services provider to companies that own and rent
heavy equipment. Founded on the principal that companies with capitalized assets can and should
maximize their ability to utilize Section 1031 of the Internal Revenue Code to defer taxes,
Accruit now actively manages over $4 billion in LKE assets and processes 250,000 LKE transactions
per year for clients in all 50 states.
"Over the last year, Accruit has expanded its services to include single exchanges and reverse
exchanges," said Dave Gordon, Vice President of Sales and Publishing. "Combined with their rock solid
repetitive Like-Kind Exchange programs, Accruit is able to serve an even larger number of AED
members with greater efficiency."
"AED is the single best resource for dealers in the heavy equipment industry. AED's
continued support of our company provides validation that our Like-Kind Exchange services continue
to be beneficial to their members," Accruit's President and CEO, Brent Abrahm said. "We
are proud to continue as AED's Preferred Provider of Like-Kind Exchange services and look forward
to working very closely with the association and their members again this year."
Associated Equipment Distributors (AED), 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 $40 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.
Accruit, LLC, headquartered in Denver, Colorado, is the leader in personal property Like-Kind
Exchange services and is the only fully integrated Qualified Intermediary to provide a
patent-pending process and outstanding 24/7 customer service. Accruit's services include single
exchanges, reverse exchanges and repetitive exchange programs. Accruit is the exclusive provider
of 1031 Like-Kind Exchanges for Ritchie Bros. Auctioneers (NYSE: RBA) and
the preferred provider of 1031 Like-Kind Exchanges for AED and Idealease, with additional endorsements from the RSM McGladrey
Network, NationaLease, Manitowoc Crane Group, and Mitsubishi Caterpillar Forklift America. Accruit
is a member of numerous associations including Associated General Contractors of America
(AGC), Construction Financial Managers Association
(CFMA), Equipment Leasing & Finance Association
(ELFA). Accruit is also a member of the Federation
of Exchange Accommodators (FEA), the country's only association for Qualified Intermediaries and
the LKE industry (www.1031.org). For more
information contact us or call 877-793-9215.
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