Nashville, Tennessee – June 19, 2015Accruit’s Director of National Accounts, Stephen Doherty, spoke last week at a networking event hosted by the Independent Equipment Dealers Association (IEDA) on the topic of 1031 like-kind exchanges and their use in the heavy equipment industry.
“Last year, Accruit’s heavy equipment clients enjoyed nearly $2 billion in cash benefits from 1031 like-kind exchanges, a game changer in the competitive rental equipment market allowing businesses to offer customers higher quality rental equipment,” said Doherty. “We’re excited to offer this opportunity to IEDA members.”
Accruit, the leading provider of qualified intermediary services to the industry, joined the IEDA as an Associate Member in April of this year.
“We knew the importance of 1031s in the equipment industry and are pleased to have a leader in that field join our organization. Accruit is a great addition to this growing network of dealers and our reputable members have already begun to learn and inquire more about the benefits of this cash retention strategy,” said Kristen Williams, Executive Director at IEDA.
About the Independent Equipment Dealers Association (IEDA)
The Independent Equipment Dealers Association is an international non-profit trade association promoting participation, professionalism and advancement in the independent distribution of heavy equipment. The IEDA focuses its efforts on providing discounts, marketing, advertising, education and networking opportunities to members that result in increased sales for member companies. Members of the IEDA are committed to displaying leadership in the industry by making ethical decisions and sound judgement, making accurate claims to customers and utilizing the products and services offered to them by IEDA Associate Members. The IEDA was established in 2002 and has become a unified and powerful voice within the industry.
Accruit, LLC is the nation’s leading provider of qualified intermediary and 1031 like-kind exchange program solutions, serving more than 20 industries. Accruit handles all types of LKEs, including real estate, business assets, collectibles, and franchises; they facilitate all types of forward, reverse and improvement exchange transactions nationwide. Since 2010, through a joint business relationship, Accruit and PricewaterhouseCoopers (PwC) together provide clients the absolute highest level of expertise in 1031 LKE program management.