LINCOLN, NE – Ritchie Bros. Auctioneers has selected Accruit LLC as its exclusive provider of 1,031 like-kind exchange (LKE) services. In addition, Peter Blake, chief executive officer of Ritchie Bros Auctioneers, has been appointed to Accruit’s board of directors.

Starting immediately, Accruit and Ritchie Bros. will work together to inform Ritchie Bros. customers of the available benefits through a LKE program. These activities will include co-hosted informational seminars at Ritchie Bros. Locations, Accruit attendance at all Ritchie Bros. U.S. auctions, and Web-based information specific to Ritchie Bros. customers.