Brunswick Corp. extended its joint venture with Commercial Distribution Finance, a division of GE Capital, through 2019.
The venture, Brunswick Acceptance Company, was formed in 2002, and the current agreement was to expire at the end of 2016.
"This successful partnership has provided a stable and competitive source of wholesale floorplan financing, along with high-quality service, to Brunswick marine dealers for more than a decade," Brunswick chairman and CEO Dustan E. McCoy said in a statement. "Through this extension, we are looking to ensure continued stability through 2019, while our partner, GECDF, transitions to new ownership. BAC will continue to be an important part of our offering to dealers and enhances the competitiveness of our brands."
"We have built an even stronger relationship with Brunswick dealers as a result of the joint venture over the last 13 years, and we are delighted to continue to serve them," Commercial Distribution Finance marine business president Bruce Van Wagoner said. "We will continue our successful collaboration with Brunswick to ensure the growth and health of the dealer network."
The programs provided by Brunswick Acceptance Company are exclusive to dealers of Brunswick brands and Mercury Marine engines in the United States. More than 600 dealers participate in the programs, often with multiple Brunswick brands in their dealerships.