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AED Again Names PwC & Accruit Preferred Providers of Like-Kind Exchange Services

November 08, 2016, 07:00 AM
Filed Under: Industry News

The Associated Equipment Distributors (AED) named PricewaterhouseCoopers LLP (PwC US) and Accruit the preferred providers of like-kind exchange (LKE) services for the second consecutive year in 2016. For more than a dozen years, PwC and Accruit have been supporting members of the AED, and they currently provide LKE services to over 75 AED members.

“Each year, PwC and Accruit adapt to new challenges faced by our members.  Our continued relationship with the leading providers in this space just makes good sense to the industry and to our association.” said Brian McGuire, AED President and CEO.

PwC and Accruit's joint business relationship combines PwC's tax and technology proficiencies with Accruit's qualified intermediary (QI) expertise. Together, the two companies service more than 170 clients across 20 industries with integrated 1031 like-kind exchange programs. This unique relationship enables PwC and Accruit to structure comprehensive LKE programs with a clear separation of tax and like-kind exchange services required by the Internal Revenue Code (IRC).

Accruit CEO Brent Abrahm expressed satisfaction toward the company's continued relationship with AED. "We are pleased that the AED continues to find value in LKE offerings tailored to fit the needs of their members.”

According to Dave Fowler, leader of PwC's LKE Services practice, "Our relationship with the AED is one of mutual confidence developed over time. We're privileged to continue to bring value to the organization and its members."

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