While there are hundreds of Qualified Intermediaries in the United States, a vast majority of them offer a limited array of services and continue to rely on antiquated, cumbersome paper-based methods that sap efficiency and value from the 1031 exchange process. One 1031 like-kind exchange (LKE) provider, however, is transforming the industry with advanced technology and end-to-end service offerings.
Accruit serves 500+ clients, conducts in excess of 250,000 exchange transactions per year, has roughly $8 billion in assets under management, and has helped companies in over 20 industries transform billions of dollars in tax liability into working cash. It also boasts strong strategic relationships with some of the nation's most outstanding businesses and industry organizations. These partnerships include:
Accruit represents a particular expertise in oil and gas. Prior to co-founding Accruit, President and CEO Brent Abrahm's responsibilities with the corporate Vendor Asset Materials Management group at Amoco Production Company positioned him to pioneer the development of innovative asset management and LKE programs. He then managed the procurement and reclamation divisions for various OCTG enterprises and consulted with technology firms in exploring alternative avenues for disposing of idle and surplus assets. It was during this period that he realized the potential of LKEs as an integral component of all asset-intense business processes, leading him to co-found Accruit with a leading O&G tax attorney in 2000. Today, Accruit's impressive client list includes both large and mid-sized O&G companies, as well as a number of businesses that provide key services for the oil and gas industry.
Most Popular Articles
From the Career Center
Jobs that may interest you