Transamerica Distribution Finance, a global provider of inventory finance, accounts receivable finance, and asset-based lending services and Brunswick Corporation (NYSE: BC), a manufacturer and marketer of leading consumer brands in the marine engines and boat sector, have announced the formation of Brunswick Acceptance Company, LLC (BAC), a joint venture between Transamerica and Brunswick. BAC will offer wholesale financing to the domestic Brunswick Boat Group and Mercury Marine dealer networks.
"We're extremely pleased to partner with Brunswick in the formation of this new venture and to provide the products and services that we will jointly bring to market," said Steven J. Toeniskoetter, president, Transamerica Distribution Finance. "We will be able to leverage the strengths of both organisations to deliver more value to our customers."
