Financing the Future

Publish date:

Brunswick Corp. and Wells Fargo Commercial Distribution Finance extended a joint venture that began in 2002 to bring floorplan financing to Mercury Marine and Brunswick Boat Group dealers throughout North America.

“Wells Fargo has been a long-standing partner of Brunswick … including almost 20 years through our joint venture,” Brunswick CFO Ryan Gwillim said in a statement. “We are currently experiencing incredibly high demand in the marine industry, and this extension will ensure that our channel partners in North America have access to high-quality floorplan financial services.”


The three-year extension is in effect through December 2025 and includes expanded financing to Freedom Boat Club franchisees.

“We are grateful Brunswick trusts us as their preferred floorplan financing provider through all stages, and we look forward to continuing to support their vast network of North American dealers,” added Bruce Van Wagoner, marine leader for Wells Fargo Distribution Finance.


Viking Holds Vaccination Event

The New Jersey-based builder is working with local healthcare providers to offer Covid-19 shots to employees and their families.

Bellingham to Supply Dock for Superyacht Marina

Bellingham Marine will design and install a floating concrete dock system at Hurricane Hole Superyacht Marina in the Bahamas.

Off the Charts

Even as builders faced order backlogs and product shortages, registrations continued to soar in March.

Maverick Boat Group Expands

The Florida-based builder plans to increase production capacity by 30 percent and add 150 new jobs.

Polaris Names CEO and CFO

Previously interim executives, Michael Speetzen was named the CEO and Bob Mack the CFO of the Minnesota-based powersports company.

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.