The nation’s leading Qualified Intermediary.

As the leading Qualified Intermediary and 1031 exchange services provider for corporate assets, Accruit has changed the way companies think about buying and selling their depreciated assets.

Formed in March of 2000 by industry pioneers Brent Abrahm and Todd Fisher as an Application Service Provider (ASP) and Qualified Intermediary (QI), Accruit, LLC provided a premier hosted solution for online “like-kind” exchanges. In its infancy, the company was known as “e-LKE,” and its early accomplishments include the creation of one of the country’s first high-volume repetitive personal property 1031 Like-Kind Exchange programs.

The original partners sought the involvement of KineticWorks to develop an industry-specific software design for e-LKE. At the beginning of 2002, KineticWorks was acquired by Accruit to continue the expansion of the unique software and Like-Kind Exchange process. This advanced software continues to evolve so as to better serve the company’s vast array of potential customers (Exchange Manager for singles and also for programs). Accruit has passed Federal scrutiny, and has the only patented process for Like-Kind Exchanges.

Today, Brent Abrahm serves as the CEO of Accruit, which operates from its corporate headquarters in the historic Baur’s Building in downtown Denver. With his continued focus and belief in the automation and simplification of the complex exchange process, Accruit is poised to take advantage of the virtually untapped market of over $8.438 trillion of depreciable assets (with tax consequence recognized at time of sale) owned by U.S. based companies.

Accruit partners with leading companies and belongs to many industry associations, including the Federation of Exchange Accommodators. We are the preferred provider of 1031 Exchange Qualified Intermediary services to several professional associations, CPA firms, and leasing groups, as well as Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world.