28.05.2008 17:31:00
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GE Capital Solutions Signs Exclusive Agreement with BRP
GE Capital Solutions, Commercial Distribution Finance (CDF), recently
signed an exclusive agreement to provide inventory financing to BRP's
Ski-Doo®, Sea-Doo®
and Can-Am™ dealers across the United States
and Canada.
This agreement is a multi-year continuation of a strategic alliance that
began in 2005, when GE Capital Solutions acquired certain assets of the
former Bombardier Capital Inc. This agreement enables BRP dealers to
stock a wide selection of BRP products including snowmobiles,
watercraft, all-terrain vehicles and roadsters.
"We have focused on strengthening our
relationship with BRP, as we value the company’s
commitment to accelerating its growth,” said
Jeff Green, Operations Director, GE Capital Solutions. "GE
is able to provide flexible solutions that are designed to grow with BRP
and with this year’s 50th
anniversary of its Ski-Doo snowmobile and recent launch of its
innovative Can-Am Spyder roadster; it is evident that BRP is positioned
well for growth.”
This also marks the continuation of an important relationship for GE and
BRP in Canada, where there is great pride in the Canadian heritage and
tradition of BRP. "GE is proud to continue
and grow its established relationship with BRP and its Canadian dealers.
BRP is a world leader for manufacturing and distributing innovative
quality motorsports and marine products,”
says Peter Ringler, President, GE Capital Solutions, CDF Canada.
About BRP
BRP, a privately held company, is a world leader in the design,
development, manufacturing, distribution and marketing of motorized
recreational vehicles. Its portfolio of brands and products includes:
Ski-Doo® and Lynx™
snowmobiles, Sea-Doo® watercraft and sport
boats, Evinrude® and Johnson®
outboard engines, Can-Am™ all-terrain
vehicles and roadsters, Rotax® engines and
karts as well as direct injection technologies such as E-TEC®.
For more information, please visit www.brp.com About GE Capital Solutions, Commercial Distribution Finance
GE Capital Solutions, Commercial Distribution Finance, is a leading
provider of specialized financing products and services for various
industries. Offerings include inventory financing, accounts receivable
financing, asset-based lending, private label financing, collateral
management, e-commerce services and related financial products.
Additional information about CDF can be found online at www.ge.com/cdf.
GE Capital Solutions provides leasing, lending and capital
investment products and services to help business customers grow. It has
over $100 billion in assets, serves more than 1 million clients around
the world and is headquartered in Danbury, Conn., USA. For more on GE
Capital Solutions, go to www.ge.com/capitalsolutions.
GE (NYSE:GE) is Imagination at Work - a diversified technology, media
and financial services company focused on solving some of the world's
toughest problems. For more information, visit the company's Web site at www.ge.com.
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