GE Capital Renews Turf Maintenance Equipment Financing with Jacobsen Dealers
Across U.S. and Canada
CHICAGO -- February 14, 2013
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
“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.
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
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
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
Adam Slick, 704-504-4867
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