BRP signed a multiyear strategic alliance with TCF Inventory Finance to provide wholesale financing solutions to BRP's Ski-Doo, Sea-Doo and Can-Am North American dealers and be the preferred wholesale financing partner to Evinrude and Johnson outboard engine dealers.
This agreement goes into effect in February 2012.
“We are thrilled to add BRP and its roster of dealers to our customer base,” TCF president and CEO Ross Perrelli said in a statement. “The creation of this long-term North America-wide relationship is proof that our formula of industry experience, exceptional customer service and a reliable and stable source of capital is a winning one.”
TCF Inventory Finance and its affiliates will offer inventory financing, equipment financing and commercial banking services. Additionally, it will dedicate staff to service BRP dealers, and key members of its account team will be working in BRP’s offices in Montreal.
“We know that wholesale financing is key to the success and growth of our dealer network,” Yves Leduc, vice president and general manager of BRP’s North America division, said in a statement. “We are pleased to add TCFIF to the list of our financial suppliers supporting our Canadian and American dealers. With its wide range of financial services, solid value proposition and great customer focus, TCFIF will be an excellent partner for our network.”