Brunswick Corp. and Wells Fargo Inventory Finance, part of Wells Fargo Commercial Banking, announced a five-year extension of the Brunswick Acceptance Co. joint venture agreement and the Brunswick Commercial Finance private label financing agreement through December 2030. The agreements offer financial solutions to the Brunswick Boat Group, Mercury dealer networks and Freedom Boat Club franchisees in North America.
“This extension will help ensure our channel partners in North America have access to high-quality floorplan financial services and offerings that support their opportunity for future financial growth,” Bijoy Jha, Brunswick vice president of financial and business services, said in a statement.
“This collaboration allows our boat and engine dealers and Freedom franchisees to be more connected to their platforms and helps create an end-to-end experience that can help streamline their business operations,” Chad Lyon, Wells Fargo head of inventory finance for the Commercial Banking Group, said in the statement.
