VALCOURT, QC, Sept. 15, 2011 /CNW Telbec/ - BRP signed a multi-year
strategic alliance with TCF Inventory Finance, Inc. (TCFIF), a new
wholesale financing provider. TCFIF will be providing wholesale
financing solutions to BRP's Ski-Doo, Sea-Doo and Can-Am North American
dealers, and be the preferred wholesale financing partner to Evinrude
and Johnson outboard engine dealers.
"We are thrilled to add BRP and its roster of dealers to our customer
base," said Ross Perrelli, president and chief executive officer of
TCFIF. "The creation of this long-term North America-wide relationship
is proof that our formula of industry experience, exceptional customer
service, and a reliable and stable source of capital is a winning one."
TCFIF and its affiliates will be a convenient one-stop shop, offering
inventory financing, equipment financing and commercial banking
services. Additionally, TCFIF will dedicate staff to service BRP
dealers; key members of their account team will be working within BRP's
offices in Montréal.
"We know that wholesale financing is key to the success and growth of
our dealer network," said Yves Leduc, vice-president and general
manager, North America division. "We are pleased to add TCFIF to the
list of our financial suppliers supporting our Canadian and American
dealers. With its wide range of financial services, solid value
proposition and great customer focus, TCFIF will be an excellent
partner for our network."
This agreement comes into force in February 2012.
TCFIF, an indirect subsidiary of TCF Financial Corporation (NYSE: TCB),
is a premier inventory finance company offering a full range of
inventory financing solutions to manufacturers, distributors and their
dealers throughout the United States and Canada in the powersports
industry, the lawn and garden industry, the recreational vehicle
industry, the marine products industry and the consumer electronics and
appliances industry. TCFIF originated approximately $2.5 billion in
loans to nearly 9,000 customers in 2010. For more information about
TCFIF, please visit www.tcfif.com.
Bombardier Recreational Products Inc. (BRP), a privately-held company,
is a world leader in the design, development, manufacturing,
distribution and marketing of motorised recreational vehicles. Its
portfolio of brands and products includes: Ski-Doo and Lynx
snowmobiles, Sea-Doo watercraft and boats, Evinrude and Johnson outboard engines, Can-Am all-terrain and side-by-side vehicles and
roadsters, as well as Rotax engines. BRP products are distributed in
more than 100 countries.
Sea-Doo, Ski-Doo, Lynx, Evinrude, Johnson, Can-Am, Rotax and the BRP
logo are trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their respective
For further information:
Manager, Corporate communications