GE Capital, Brunswick Extend BAC Joint Venture
Brunswick Corporation and GE Capital, Commercial Distribution Finance announced an extension of their joint venture, Brunswick Acceptance Company (BAC), through 2016.
The joint venture was formed in 2002, and began operations in 2003 with the goal of providing a stable, long-term source of wholesale floor plan financing for Brunswick boat dealers.
In a related development in Canada, GE Capital CDF renewed its agreement to be the strategic inventory finance provider for Brunswick boat dealers through 2016.
BAC is the largest floor plan finance provider for Brunswick boat brands and Mercury Marine engines in the U.S., as well as one of the largest providers of wholesale financing programs and service to the marine industry.