Accruit Accelerates Growth and Opportunities for Clients with Strategic Sale to Millennium Trust Company
Industry: Real Estate
A leading, independent Qualified Intermediary and technology service provider of real estate 1031 exchanges is now part of Millennium Trust Company
Denver, CO (PRUnderground) May 4th, 2023
On April 19, 2023,a successful acquisition by Millennium Trust Company, a leading provider of health, wealth, retirement, and benefits solutions. In this strategic move, Accruit is excited to bring real estate 1031 exchange service solutions to over 5 million Millennium Trust clients holding over $55 billion in assets under custody.
After an extensive process and in-depth evaluation of numerous companies, Accruit found the right match in Millennium Trust. For over 20 years, Millennium Trust has provided access to and custody solutions for alternative asset investments, including real estate, making the company and its existing clients a great fit for Accruit’s real estate 1031 exchange services.
“As we looked at how to best serve our current clients and grow our business, finding a company with strategic, like-minded values and service, which we found in Millennium Trust, was the right move,” said Brent Abrahm, CEO and Founder of Accruit. “This acquisition isn’t about slowing down, it’s about accelerating our growth and opportunities, and extending our reach to over 5 million potential clients.”
As a 1031 exchange Qualified Intermediary and a technology solution provider, Accruit holds a unique position in the marketplace, making it an attractive extension of the solutions Millennium Trust currently offers clients. Accruit’s patented 1031 exchange workflow technology, Exchange Manager ProSM, streamlines the 1031 exchange process through embedded controls, automated notifications, custom exchange agreement and document creation, and digital execution via electronic signatures, making it simple and efficient.
“Being part of Millennium Trust allows Accruit to exponentially expand our footprint and provide exceptional service to more people looking to maximize their financial wellbeing,” said Steven Holtkamp, Managing Director, and CFO of Accruit.
About Accruit
Accruit, an Inspira Financial Solution, is a leading full service Qualified Intermediary and developer of the industry’s only patented 1031 Exchange technology. Founded in 2000 and acquired by Inspira Financial in 2023, Accruit has gained the trust of thousands of clients and become a leader in the industry through its highly credentialed experts, consistent delivery of service, innovative technologies, robust security protocols and financial strength. For more information, visit www.accruit.com.
