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.