Market Overview

GE Capital Renews Turf Maintenance Equipment Financing with Jacobsen Dealers Across U.S. and Canada

CHICAGO--(BUSINESS WIRE)--

GE Capital's Commercial Distribution Finance (CDF) business announced today that it will continue to be the preferred provider of inventory financing for Jacobsen dealers in the U.S. and Canada. Jacobsen has been a GE customer since 2010. Headquartered in Charlotte, N.C., Jacobsen produces commercial turf maintenance equipment and related products such as utility vehicles, sprayers and aerators.

“GE Capital's experience in the outdoor products industry enables them to provide exceptional service to our dealer network,” said Rocky Parson, vice president of finance at Jacobsen. “That, combined with GE Capital's business intelligence tools, which help our dealers to optimize inventory levels, makes CDF an ideal financing partner.”

“We have a very favorable view of the golf and turf industry and look forward to a long relationship with Jacobsen,” said Steve Battreall, chief commercial leader of CDF.

For more than 20 years and through all business and economic cycles, CDF has supported the outdoor products industry with customer-centric financing programs that enable dealers to stock a broad selection of products. Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers benefit from enhanced product flow and increased sales opportunities, while dealers obtain improved terms and credit availability.

About Jacobsen

Jacobsen, a Textron Inc. (NYSE: TXT) company, has more than 90 years of experience in the turf maintenance industry. Dedicated solely to delivering perfectly groomed turf, Jacobsen equipment is used on some of the finest golf courses, sports fields and other formal turf areas across the United States and the world, through an extensive distribution network and the international Ransomes brand. Additional information about the company can be found at www.jacobsen.com.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided over $30 billion in financing to 40,000 manufacturers, dealers and distributors across North American consumer products industries in 2012. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/ or follow company news via Twitter (https://twitter.com/GEInventoryFin).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (https://twitter.com/GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

GE Capital, Americas
Lisa Tibbitts, 203-956-4582
lisa.tibbitts@ge.com
or
Jacobsen
Adam Slick, 704-504-4867
aslick@textron.com

 

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